March Unemployment Rate Tops Nine Percent

From the Illinois Department of Employment Security

CHICAGO – The Illinois seasonally adjusted unemployment rate for March is 9.1 percent, the highest level since November 1985, according to data released today by the Illinois Department of Employment Security (IDES). The March rate is +0.5 percent higher than February and the sixth consecutive month to record an increase.

Total non-farm payroll declined by –39,300 jobs in March 2009, the second largest over-the-month decrease on record (back to 1990). In March, the number of unemployed people in Illinois increased to 596,000 (+27,400), the highest level reported since September 1983.

“As the recession continues, so do our efforts to improve customer service and to inform people about programs that assess an individual’s work skills so they can better prepare themselves when the economy turns around,” IDES Director Maureen O’Donnell said. “We encourage workers to take advantage of this time by learning new skills and positioning themselves for better opportunities as this economy improves.”

Nationally, the total number of unemployed grew to 13.2 million in March. The seasonally adjusted unemployment rate increased to 8.5 percent, its highest level in 25 years. National payroll employment declined for the 15th consecutive month, dropping by -663,000 jobs and bringing total national job losses to -5.1 million since the recession began in December 2007.

In Illinois, the Manufacturing sector lost -14,200 jobs in March, its third largest over-the-month reduction since January 1992. In the last year, this sector has dropped by -60,800 jobs, more than 9 percent of its total workforce. The Professional and Business Services sector reported -13,200 fewer workers, the second largest decrease on record and its third decline in excess of -10,000 in the last five months.

The IDES administers federally funded employment services and unemployment insurance programs through its nearly 60 offices, including the Illinois workNet Centers. IDES also receives federal grants to provide and analyze labor market statistics and information.