Chicago/ Politics & Govt
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Published on May 24, 2024
Illinois Metropolitan Areas See Job Growth and Varying Unemployment Rates, New IDES Data RevealsSource: Unsplash/Marten Bjork

Good news for job seekers in Illinois as new data from the U.S. Bureau of Labor Statistics (BLS) and the Illinois Department of Employment Security (IDES) shows an uptick in employment opportunities. For the year ending in April 2024, ten metropolitan areas in the state boasted an increase in nonfarm jobs, while the unemployment rate saw a rise in thirteen metro areas but a drop in one, according to the IDES.

Deputy Governor Andy Manar said, "Continued job growth across metro areas and industry sectors position both job seekers and employers to tap into newly created and expanded opportunities to begin or further career growth," as stated by the IDES. Manar also highlighted IDES's role in linking up workers with employers across the state.

Leading the charge in job growth were the Champaign-Urbana MSA, with a 2.4% increase (or +3,000 jobs), and the Elgin Metro Area, which grew by 2.1% (+5,600 jobs). Meanwhile, the Chicago Metro Area added a modest 0.2% or 7,600 jobs over the year - a sign of steady, though slow, economic progression. On the flip side, areas like the Springfield MSA faced a downturn, with a 2.8% decline in jobs, amounting to 3,100 fewer employment spots.

Not all news was positive, as the Chicago Metro witnessed the most significant unemployment rate increase, jumping up 0.9 points to 4.3%. The Elgin Metro wasn't far behind with a 0.6 point rise to 5.2%, while other areas like the Bloomington MSA and the Springfield MSA saw modest hikes of 0.5 points. In contrast, the unemployment scenario in the Rockford MSA was a bit brighter as the rate there decreased by 0.4 points landing at 5.9%, as per IDES.