unemployment

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Greater Peoria’s unemployment rate has dropped below five percent. The Illinois Department of Employment Security’s most recent report shows the metropolitan area’s non-seasonally adjusted unemployment rate is 4.9 percent.

Illinois' unemployment rate has hit its lowest level in more than a decade.

A revised report from the U.S. Bureau of Labor Statistics shows Illinois job growth hit a high point last summer and surpassed its prior business cycle peak from September 2000. 

Peoria's Unemployment Drops, Net Jobs Grow

Jul 28, 2017
Creative Commons

Hiring was up and unemployment went down in the Peoria area from June 2016-June 2017, according to the latest figures from the U.S. Bureau of Labor Statistics and the Illinois Dep. of Employment Security.

The department says unemployment fell from 6.2 percent in June 2016 to 5.5 percent. Tazewell, Woodford, Stark and McClean Counties showed similar declines in unemployment, around one percent.

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Slightly fewer people were seeking full-time employment last year in the Peoria Metro area as well as statewide. Generally that translates to a lower unemployment rate. But for last-year it only tells half the story.

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CHICAGO (AP) - The state Department of Employment Security says unemployment decreased in Illinois in August, the fourth-straight monthly drop.

But state officials were not celebrating the drop in the unemployment rate to 5.5 percent from 5.8 percent in July.

Instead on Thursday department Director Jeff Mays noted that the state also lost jobs in August. According to the department's monthly report on statewide unemployment, nonfarm jobs in Illinois decreased from 6,016,900 to 6,008,700. Percentage wise the decrease is very small, far less than 1 percent. But the loss of 8,200 jobs included a drop of 4,400 manufacturing jobs.

More than 300 support and management employees of Caterpillar have been laid off, effective yesterday. Many of the affected employees were engineers, and were escorted out of building AC and the Tech Center in Mossville. Other management and support staff in Peoria, East Peoria and Morton facilities were also laid off. The exact number is not being released.

 

The unemployment rate dropped across Illinois in May to 6.4%, but state officials attributed the drop to a decrease in the size of the state's workforce.  The Illinois Department of Employment Security says unemployment fell from 6.6% in April. It was the first decline in the jobless rate in seven months.

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Despite a higher unemployment rate this year, Peoria still ranks in the top 20 nationally for graduates in STEM -- or science, technology, engineering and math -- to live. 

That’s the findings of a recent study from the San Francisco-based finance company, Nerd-Wallet. The fourth annual report ranked Peoria 13 out of 330 places nationwide.

It’s a slight decline compared to last year, but he says the city’s relatively low cost of living was significant in its high ranking.  

The Department of Employment Security says Illinois' unemployment rate rose again in January, reaching 6.3%. 

Illinois Gov. Bruce Rauner has signed legislation aimed at lowering the cost of unemployment insurance. The bill is a compromise between business groups and labor unions. 

Changes are forthcoming to Illinois' unemployment insurance program. They’re expected to please both workers, and employers.

Peoria’s October Unemployment Rate Rises

Nov 25, 2015

The unemployment rate rose in the Peoria area last month compared to the same time in 2014. The Illinois Department of Employment Security is reporting an unemployment rate of six-point-six-percent in October for the Peoria area. That’s nearly one-percent higher than the rate last month. The Peoria metro area lost 1,800 jobs year-over-year.

Peoria-area sees slight drop in September unemployment

Oct 22, 2015

The unemployment rate fell in every metro area in the state for the 19th month in a row. The Illinois Department of Employment Security is reporting an unemployment rate of 5.7-percent in September for the Peoria area. That’s a half-percent decline from the same time last year. But the Peoria metro area lost 1,500 jobs year-over-year.

The Illinois Department of Employment Security says the statewide unemployment rate fell in September but the state lost jobs.

Peoria-area sees year-to-year drop in unemployment

Aug 27, 2015

The unemployment rate fell in every metro area in the state for the 17th month in a row. The Illinois Department of Employment Security is reporting an unemployment rate of 6.2-percent in July for the Peoria area. That’s a more than one-percent decline from the same time last year. But the Peoria metro area lost 1,900 jobs year-over-year.

The unemployment rate fell in every metro area in the state for the 15th month in a row. The Illinois Department of Employment Security is reporting an unemployment rate of 5.4 percent in May for the Peoria area. That’s slightly higher than last month, but a 1.4 percent decline from the same time last year. The Peoria lost 25-hundred jobs year-over-year

Peoria sees unemployment drop, despite job loss

May 28, 2015

The unemployment rate fell in every metro area in the state for the 14th month in a row. The Illinois Department of Employment Security is reporting an unemployment rate of 5.3-percent in April for the Peoria area. That’s a 1.3-percent decline from the same time last year. But the Peoria lost 3,100 jobs year-over-year.

The Illinois Department of Employment Security says unemployment fell in every metro area in the state in April. It was the 14th consecutive month of decreases across the state's metro regions.

State officials say unemployment dropped in March in each of Illinois' metropolitan areas for the 13th consecutive month.

The unemployment rate fell in every metro area in the state for the 13th month in a row. The Illinois Department of Employment Security is reporting an unemployment rate of 6.3-percent in March for the Peoria area. That’s a more than-two-percent decline from the same time last year. But the Peoria lost 600 jobs year-over-year.

Thousands of southern Illinois steel workers who are expected to lose their jobs soon could benefit from training and counselling to get them back to work.Madison County officials are working with the Illinois Department of Commerce and Economic Opportunity to provide assistance to the soon-to-be unemployed workers of U.S. Steel's Granite City plant near St. Louis. U.S. Steel Corp.

The unemployment rate fell in every metro area in the state for the eleventh month in a row. The Illinois Department of Employment Security is reporting an unemployment rate of 7.3-percent in January for the Peoria area. That’s a one-and-a-half- percent decline from the same time last year. The Peoria area gained one-thousand jobs year-over-year. 

The unemployment rate fell in every metro area in the state for the sixth month in a row. The Illinois Department of Employment Security is reporting an unemployment rate of 6.6-percent in September for the Peoria area. That’s a nearly 2.7-percent decline from the same time last year. The rate is also a .5 percent from August. The Peoria area lost 1,100 jobs even though unemployment declined year-over-year. The largest loss occurred in Retail Trade jobs. There were job gains in Wholesale Trade, and Construction.

Illinois economy down slightly from last year

Sep 3, 2014

The Flash Index for the Illinois economy measured 106 in August, down slightly from July’s reading of 106.2. The Index has stayed within the narrow range of those two numbers for the past four months. 

The unemployment rate in June fell in every metro area in the state for the third month in a row.

Illinois' unemployment rate dropped last month -- to the lowest level in more than five years. But the state still has one of the worst rates in the country. 

October unemployment up one-percent from 2012

Dec 5, 2013

The number of people filing unemployment claims increased slightly from September to October.  The Illinois Department of Employment Security reports the unemployment rate at 8.7 percent in the Peoria Metropolitan Statistical Area.  That’s up two-tenths of a percent from September.  It’s also a more than one-percent increase from the same time last year. 

Unemployment claims for the greater Peoria Metropolitan Statistical Area were down July to August. But year to year unemployment grew.

Quinn and Daley begin attacks

Sep 11, 2013

The Illinois gubernatorial primary might be months away, but two top Democratic candidates are already battling it out in public. IPR'S Lauren Chooljian reports.

Former White House chief of staff Bill Daley has laid out a laundry list of reasons why he thinks Governor Pat Quinn isn’t quote, "up for the job." Daley says Quinn hasn’t done enough to fix a backlog of FOID card applications, he accused him of not meeting with the joint pension committee, and says the governor hasn’t done enough to reduce unemployment.

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