April 24, 2024 – April The Illinois Department of Employment Security (IDES) announced that the unemployment rate was unchanged at 4.8 percent, while nonfarm payrolls increased +12,700 in March, based on preliminary data provided by the U.S. Bureau of Labor Statistics (BLS), and released by IDES.
The February revised unemployment rate was 4.8 percent, unchanged from the preliminary February unemployment rate. The February monthly change in payrolls was revised from the preliminary report, from +23,100 to +26,700 jobs. The March unemployment rate and payroll jobs estimate reflect activity for the week including the 12th.
In March, the industry sectors with the largest over-the-month job gains included: Government (+3,300), Leisure and Hospitality (+2,900), and Trade, Transportation and Utilities (+2,400). The industry sectors with monthly payroll job declines included Financial Activities (-1,100), and Mining (-100).
“Growth in payroll jobs throughout industry sectors continues to fuel the strength of the Illinois labor market and statewide economy,” said Deputy Governor Andy Manar. “Newly created jobs mean more opportunities for the diverse and talented Illinois workforce, and IDES remains committed to providing critical resources that bridge jobseekers and employers.”
“Continued growth in payroll jobs serves as a testament to Illinois companies continuing to invest in our communities and workforce,” said DCEO Director Kristin Richards. “Looking ahead, DCEO will continue to support Illinois job creators and ensure jobseekers have the resources and tools they need to be successful.”
The state’s unemployment rate was +1.0 percentage point higher than the national unemployment rate reported for March. The national unemployment rate was 3.8 percent in March, down -0.1 percentage point from the previous month. The Illinois unemployment rate was up +0.6 percentage point from a year ago when it was 4.2 percent.
By: Isaiah Bradford
