Illinois unemployment rate ticks up slightly - FOX 32 News Chicago

Illinois unemployment rate ticks up slightly

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CHICAGO (Sun-Times Media Wire) -

Illinois' unemployment rate inched upward to 9.2 percent in June, a tenth of a percentage point higher than June, though the state added 9,000 private sector job in June.

"Continued private sector job growth suggests business leaders expect that consumers will feel better about spending money and they must prepare for that increase in demand," IDES Director Jay Rowell said. "The unemployment rate is not surprising given the volatility of that measurement and that the same summertime movement occurred in 2012 and 2011."

According to figures released Thursday by the U.S. Bureau of Labor Statistics and the Illinois Department of Employment Security, Illinois has added 237,900 private sector jobs since January 2010, when job growth returned following nearly two years of consecutive monthly declines.

Leading growth sectors are professional and business services (101,600); education and health services (60,400); and trade, transportation and utilities (39,300). Government has lost the most jobs since January 2010, down 36,300, according to a statement from IDES.

Volatility has been the hallmark of this economic cycle, according to IDES. When compared to the previous month, Illinois recorded job growth in 30 months and job loss in 12. Unemployment fell in 24 months, increased in nine and was unchanged in nine.

The rate's three-month moving average, which smoothes volatility, fell 0.1 percent to 9.2 percent in June. In June 2013, the number of unemployed increased slightly for the first time since March, up 1,600 to 600,700. Total unemployed has fallen by 151,500 (20.1 percent) since early 2010 when the state unemployment rate peaked at 11.3 percent for January and February.

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