Illinois Unemployment Falls to 5.2% in December Amid Strong Job Growth

Photo Credit: Pexels Illinois closed out the year with promising economic news. The state’s unemployment rate dipped to 5.2% in December, down 0.1 percentage points from the previous month, as nonfarm payrolls added 8,800 jobs. The Illinois Department of Employment Security (IDES) announced these figures, which reflect economic activity during the week ending December 12. However, revised November data showed deeper job losses than initially reported, with payrolls decreasing by 5,400 rather than the previously estimated 3,400. Despite this adjustment, the state appears to be on an upward trajectory. Key Sectors Driving Growth December’s job growth was led by gains in several key industries: Financial Activities: +2,900 jobs Private Education and Health Services: +2,600 jobs Government: +2,000 jobs On the flip side, some sectors saw declines: Professional and Business Services: -2,100 jobs Other Services: -1,000 jobs State Leaders Emphasize Workforce Commitment Deputy Governor Andy Manar underscored Illinois’ efforts to strengthen its workforce. “IDES and its workforce development partners are committed to ensuring everyone has the tools and resources they need to find professional opportunities to participate in and benefit from the stability of the state’s economic activity,” Manar said. Kristin Richards, Director of the Illinois Department of Commerce and Economic...