Illinois unemployment rate drops to 8.4 percent

The unemployment rate in Illinois dropped to 8.4 percent, according to the Bureau of Labor Statistics and the Illinois Department of Employment Security. The number of unemployed persons in the state fell by 17,100 to a total of 551,900. This is the lowest unemployment rate for the state since January 2009. The unemployment rate peaked in January 2010 at 11.4 percent. 

Even though the unemployment rate is decreasing, Illinois recorded 3,200 fewer jobs in March than in February. The extended winter weather in March lowered the initial estimates for hiring. Job creation decreased during the month, but the state has increased its number of jobs by more than 29,400 since March 2013.

Since January 2010, the state has added 257,000 private sector jobs. Prior to this, Illinois witnessed two years of declining employment. The sector with the most growth was professional and business services, which added 119,900 jobs since January 2010. The education and health services sector grew by 56,600 jobs and leisure and hospitality gained 40,200 positions. Government positions continued to decline, losing 26,500 jobs since January 2010.

As the economy continues to improve and Illinois businesses look for more skilled workers, companies can partner with Chicago staffing services. Chicago recruiters can do the heavy lifting required to find the most qualified workers, leaving businesses free to focus on other matters.