August Unemployment Matches Record Low for Illinois

Chicago (IDES) – The Illinois Department of Employment Security (IDES) announced that the unemployment rate fell to 4.1 percent in August, matching the lowest on record. Illinois’ unemployment rate stood at 4.1% in August, matching the lowest rate on record,” said IDES Director Jeff Mays. “Even with the over-the-month drop, nonfarm payrolls have surpassed the prior business cycle peak of September 2000. Jobs are still up more than 47,000 over the year, led by manufacturing.” In August, the three industry sectors with the largest over-the-month gains in employment were: Professional and Business Services (+900); Trade, Transportation and Utilities (+400); and Financial Activities.