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* CNBC…
The procession of Americans heading to the unemployment line fell last week, with jobless claims totaling a fresh pandemic-era low of 444,000, the Labor Department reported Thursday.
Economist surveyed by Dow Jones had been expecting 452,000 new claims as the jobs picture improves thanks to an accelerated economic reopening across the country.
The total represented a decline from the previous week’s 478,000.
* CBS 2…
The Illinois Department of Employment Security (IDES) reported 17,530 new unemployment claims were filed during the week of May 10 in Illinois, a 4% decrease from the previous week. […]
There were 18,355 new unemployment claims filed during the week of May 3 in Illinois.
There were 15,134 new unemployment claims were filed during the week of April 26 in Illinois.
There were 17,141 new unemployment claims filed during the week of April 19 in Illinois.
There were 15,248 new unemployment claims were filed during the week of April 12 in Illinois.
* IDES…
The Illinois Department of Employment Security (IDES) announced today that the unemployment rate remained at 7.1 percent, while nonfarm payrolls were about unchanged, up +300 jobs, in April, based on preliminary data provided by the U.S. Bureau of Labor Statistics (BLS) and released by IDES. The March monthly change in payrolls was revised from the preliminary report, down from +32,300 to +28,900 jobs. The March preliminary unemployment rate was unchanged from the preliminary report, remaining at 7.1 percent.
The April payroll jobs estimate and unemployment rate reflects activity for the week including the 12th. The BLS has published FAQs for the April payroll jobs and the unemployment rate.
In April, the three industry sectors with the largest over-the-month gains in employment were: Leisure and Hospitality (+8,100), Government (+4,300) and Construction (+4,000). The industry sectors that reported monthly payroll declines were: Manufacturing (-7,800), Professional and Business Services (-4,900), Educational and Health Services (-2,800) and Trade, Transportation and Utilities (-2,800).
“As the state works through the bridge phase to a full reopening, IDES will continue to support claimants while also ensuring information is provided that supports both employers and jobseekers,” said Deputy Governor Dan Hynes. “IDES and the Pritzker administration look forward to working with the Biden administration and US DOL to identify and implement new strategies to reengage dislocated workers into the labor force.”
“Illinois is on the road to reopening, and last week’s move to bridge phase is set to reignite tourism, events and service industries – providing a much needed boost to key drivers of our economy,” said Sylvia Garcia, Acting Director of the Department of Commerce and Economic Opportunity. “Under Governor Pritzker’s leadership, we continue to make progress on advancing a safe reopening across Illinois. Through our continued work to boost vaccination rates, follow public health guidance, and extend additional relief for the businesses who need it, we are laying the groundwork for Illinois businesses to thrive and bring more residents back to work safely.”
The state’s unemployment rate was +1.0 percentage point higher than the national unemployment rate reported for April, which was 6.1 percent, up +0.1 percentage point from the previous month. The Illinois unemployment rate was down -9.4 percentage points from a year ago when it was at 16.5 percent.
Compared to a year ago, nonfarm payroll employment increased by +408,400 jobs, with gains across most major industries. The industry groups with the largest jobs increases were: Leisure and Hospitality (+135,000), Trade, Transportation and Utilities (+107,800) and Professional and Business Services (+56,300). Illinois nonfarm payrolls were up +7.7 percent over-the-year as compared to the nation’s +10.9 percent over-the-year growth in April.
The number of unemployed workers rose slightly from the prior month, a +0.5 percent increase to 438,100, but was down -56.0 percent over the same month for the prior year. The labor force was up +0.3 percent over-the-month and +2.0 percent over-the-year. The unemployment rate identifies those individuals who are out of work and seeking employment. An individual who exhausts or is ineligible for benefits is still reflected in the unemployment rate if they actively seek work.
posted by Rich Miller
Thursday, May 20, 21 @ 12:08 pm
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Previous Post: 1,542 new confirmed and probable cases; 42 additional deaths; 1,488 hospitalized; 404 in the ICU; 2.2 percent average case positivity rate; 2.7 percent average test positivity rate; 65,998 average daily doses; 47 percent fully vaccinated
Next Post: *** UPDATED x1 *** Harris: Dems working on plan to pay back MLF borrowing without federal aid dollars
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One of the last to enter a recession and one of the last to leave it, as they say…
Comment by Nick Thursday, May 20, 21 @ 2:04 pm
Trends are looking good. Just wondering about progress of all the fraud cases. Task force was formed in January.
Comment by Snowman61 Thursday, May 20, 21 @ 5:14 pm