Illinois unemployment rate drops to 8.9 percent - WREX.com – Rockford’s News Leader

Illinois unemployment rate drops to 8.9 percent

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CHICAGO (WREX) -

The state of Illinois added 15,400 jobs last month, dropping the unemployment rate to 8.9 percent for the month of October.

September saw the addition of 10,300 jobs. The seasonally adjusted data from the Illinois Department of Employment Security shows September and October had the highest two-month gain since May 2010. The two months are combined due to the temporary government shutdown, which delayed data collection.

"Today's milestone is encouraging. It highlights the progress that has been made and underscores that there is much more to do," IDES Director Jay Rowell said. "Job growth in manufacturing and retail trade is encouraging. Manufacturing number shows continued growth in Illinois and retail trade growth anticipates shoppers willing to spend with the potential for additional hires in November."

The three-month moving average unemployment rate helps smooth volatility from month to month. That rate was unchanged at 9.1 percent in October. However, the month saw a 2.1 percent drop in the total number of unemployed individuals to 579,400.

The unemployment rate covers those who are out of work and looking for employment, regardless of whether their benefits are exhausted or they are ineligible.

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