Kane County Unemployment Rate 6.4% — Year-Over-Year Jobs Up for Every Metro Area Compared to Last April
This is a headline that Illinois Department of Employment Security officials probably were happy to be able to write: The Illinois employment situation is WAY better than it was a year ago.
It’s WAY better in Kane County, as well — although it’s still at 6.4%, according to April employment information released Thursday by the U.S. Bureau of Labor Statistics and the Illinois Department of Employment Security.
For pretty much the last year, the year-over-year unemployment numbers have been bleak — comparing the record low unemployment of pre-pandemic economy to the big numbers of unemployed folks since then. So, each month, the headline started with “Unemployment Rates Up, Jobs Down.”
But now the pendulum swings the other way, as the year-over-year stats show just how bad it was a year ago and how much better it has gotten since.
That said, the numbers still aren’t as good as they were pre-pandemic, and likely not as good as folks would like to see them right now.
Kane County Data
As you can see by the IDES chart above, Kane County’s unemployment rate of 6.4% is the fourth highest in Region 1.
Cook County (8.7%), Will County (7.0%) and Kankakee County (6.9%) are higher.
DeKalb County (6.1%), Grundy County (6.0%), Kendall County (5.7%), Lake County (5.7%), McHenry County (5.7%) and DuPage County (5.5%) are lower.
Good news is that Kane County’s unemployment rate dropped from a whopping 17.1% back in April 2020 — a difference of 10.7%. And that is the biggest year-over-year bounce back in the region.
More good news is in Aurora and Elgin, whose unemployment rates have dropped to 6.3% and 8.3% respectively. That’s better than Chicago, Kankakee, Joliet, but trails Naperville.
Statewide, the number of nonfarm jobs increased over-the-year in all 14 Illinois metropolitan areas in April. The unemployment rate decreased over-the-year in all metro areas. The official, BLS approved sub-state unemployment rate and nonfarm jobs series begins in 1990.
“Decreased unemployment in all 102 counties compared to last spring is a critical component of Illinois’ pandemic recovery, and the administration will continue to deploy every available resource to ensure that this economic rebound is as widespread as possible,” said Deputy Go. Dan Hynes. “That said, COVID-19 is still with us, and the department remains focused on supporting workers not yet able to rejoin the labor market through benefits as well as job-matching resources.”
The number of nonfarm jobs increased in all fourteen Illinois metropolitan areas. The metro areas which had the largest over-the-year percentage increases in total nonfarm jobs were the Carbondale-Marion MSA (+9.8%, +5,000), the Springfield MSA (+9.0%, +8,400) and the Lake County-Kenosha County, IL-WI Metropolitan Division (+8.7%, +31,700).
Total nonfarm jobs in the Chicago-Naperville-Arlington Heights Metropolitan Division rose by +7.3%, +237,900.
Over-the-year, the unemployment rate decreased in all 14 metropolitan areas; the metro areas with the largest unemployment rate decreases were the Rockford MSA (-12.8 points to 9.7%), the Carbondale-Marion MSA (-11.8 points to 5.7%) and the Peoria MSA (-10.7 points to 6.4%).
The Chicago-Naperville-Arlington Heights Metropolitan Division unemployment rate fell -8.5 points to 7.9%. The unemployment rate also decreased over-the-year in all 102 counties.
More IDES Information
SOURCE: IDES news release