Job-loss reported in State

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By Peter Hancock – 
The unemployment rate in Illinois climbed one-tenth of a point to 4.4% in March. The State recorded a net loss of 2,300 jobs, the Illinois Department of Employment Security report Thursday, April 18.

According to preliminary, seasonally-adjusted numbers, the biggest job losses occurred in the professional and business services sector, which lost 4,200 jobs, transportation and utilities, which shed 3,000 jobs, and the construction industry, where employment was down by 1,600 jobs.

Those losses were partially offset by job gains in manufacturing, financial activities, leisure and hospitality, and other services.

Meanwhile, the number of individuals counted as unemployed in March grew 1.1% from February, to 284,400. That was 1.3% higher than in March 2018.

Nationally, the U.S. economy added 196,000 jobs in March, although the Nation’s unemployment rate held steady at 3.8%.

Despite the overall loss of jobs in Illinois, IDES said the State still saw a net gain in employment for the three-month period from January through March. And the total job count for Illinois in March was up by 47,400 compared to a year ago.

“This administration has begun the hard work of restoring fiscal sanity to our state so that we can build a thriving economy for all Illinoisans,” according to deputy governor Dan Hynes in a news release.

Erin Guthrie, acting director of the Department of Commerce and Economic Opportunity, said governor J.B. Pritzker’s administration is working to turn the State’s job market around.

“Governor Pritzker has made training and preparing the workforce for the jobs of tomorrow a priority, and I am excited to work with him on achieving that goal,” she said in a statement.
— Capitol News Illinois

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