Kane County Unemployment Rate 6.6% -- Up Year Over Year, But Recovering Since August

Kane County Unemployment Rate 6.6% — Up Year Over Year, But Recovering Since August

Kane County’s unemployment rate is 6.6% as of December 2020 — much higher than a year ago at this time but lower than it had been during the peak unemployment periods of the pandemic.

Kane County is in the Elgin Metro Region along with DeKalb County.

The county’s unemployment rate was 4.5% in December 2019 — a 2.1% difference.

That said, unemployment has for the most part been dropping in recent months. As of the end of August, for example, Kane County’s unemployment rate was at 9.6%.

The hardest hit categories in Kane County, year over year, were Leisure-Hospitality (-7,900), Educational-Health Services (-4,000), Other Services (-3,000), and Government  (-2,900). Retail Trade (+1,000) had payroll gains over the year.

According to a news release issued today (Thursday, Jan. 28, 2021) from the Illinois Department of Employment Security, the number of nonfarm jobs decreased over-the-year in all 14 Illinois metropolitan areas in December.

“As Illinois works to recover from the COVID-19 pandemic with the ongoing vaccine rollout, IDES remains committed to supporting displaced workers and families by offering support and services to those who need it,” said Deputy Gov. Dan Hynes.

The number of nonfarm jobs decreased in all fourteen Illinois metropolitan areas.

The metro areas which had the largest over-the-year percentage decreases in total nonfarm jobs were the Peoria MSA (-9.6%, -16,300), the Elgin Metropolitan Division (-9.2%, -24,100) and the Chicago-Naperville-Arlington Heights Metropolitan Division (-7.4%, -284,800). Three metro areas recorded their lowest total nonfarm jobs for the month of December on record (dating back to 1990).

The metro areas with the largest unemployment rate increases were the Chicago-Naperville-Arlington Heights Metropolitan Division (+5.9 points to 8.7%), the Decatur MSA (+3.0 points to 8.2%) and the Springfield MSA (+2.5 points to 6.3%). The not seasonally adjusted Illinois unemployment rate was 7.5% in December 2020.  Nationally, the not seasonally adjusted unemployment rate was 6.5% in December 2020.

SOURCE: IDES news release