Chicago, Illinois - The 2007 Employment SituationWorking class families in Illinois stand to benefit from the current employment situation in the state. Unfortunately, the Chicago-Napierville-Joliet area in particular showed an increase in its unemployment rate which rose to 4.7% in April 2007 from 4.6% in April 2006. However, the labor situation for the state on the whole looks good. In fact, Chicago-Napierville-Joliet added a total of 33,700 Non-Farm Jobs from April 2006 to April 2007. Employers in Illinois added 12,200 new jobs to the laborforce in May 2007 for an increase of 65,800 new positions from the previous year (starting May 2006.) Illinois produced more jobs than the other Midwestern states in the USA since it developed a total of 187,500 new jobs beginning in January 2004. The state was responsible for the third over-the-month increase of over 10,000 positions for the past 12 months. Professional/Business Services led the pack for over-the-month gains with the addition of 6,700 new jobs. It was closely followed by Leisure/Hospitality with 4,100 new jobs, then by Construction with 1,900 new jobs. Illinois Department of Employment Security (IDES) director James P. Sledge noted that these developments are indicative of Illinois Gov. Blagojevich’s efforts to produce employment and a better future for working families throughout the state. The seasonally-adjusted unemployment rate stayed at 4.8% in May 2007 from April 2007. This was higher than the 4.6% observed in May 2006. At the same time, the three-month moving average unemployment rate also remained at 4.6% in May 2007 – reflecting no change from April 2007. For Total Non-Farm Jobs, there were 5,989,400 jobs as of May 2007 (reflecting a significant increase of 65,800 jobs from May 2006.) Mining added 200 jobs by May 2007 reaching the 10,500 level. Construction had just 277,000 jobs in May 2006 but created 5,500 jobs to make it to the 282,500 mark by May 2007. Manufacturing, on the other hand, lost jobs since it had 681,200 positions as of May 2006 which then fell to the 678,900 level by May 2007. Trade, Transportation and Utilities shot up to the 1,202,100 level by May 2007, an increase of 5,100 positions from May 2006. Information had a mild loss of 500 jobs from May 2006, staying at the 116,400 level in May 2007. Financial Activities soared by 5,600 from 404,800 in May 2006 to climb to the 410,400 mark by May 2007. Professional and Business Services scored the highest increase among Total Non-Farm Jobs by posting an increase of 19,600 for the year (May 2006-May 2007), followed closely by Educational and Health Services with a gain of 17,700 for the same time period. Not far behind was Leisure and Hospitality which added 15,700 positions during that duration. Other Services had a minimal increase of 1,300 from May 2006 to May 2007 while Government shed off 1,200 jobs in the same 12-month period. Article Custom Written/compiled for Job Service Help by Mabelle Sese of The Filipino Worker Company. Updated June, 18, 2007 |
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