Local Business

State jobless rate tumbles

CHICAGO – The state unemployment rate dipped almost a half-percent in June, down to 10.4 percent, matching the largest monthly decline since October 1983, the Illinois Department of Employment Security reported Thursday.

The 0.4 percent seasonally adjusted drop from May to June matches the fall from April to May. Overall job growth in the month was flat, as the addition of 9,000 jobs was offset by the loss of Census positions.

“The best gauge of our economic well-being will be found in long-term trends, not monthly reports,” IDES Director Maureen O’Donnell said in a news release.

The manufacturing sector added 1,600 jobs in June, the fourth consecutive monthly gain in the sector. Construction added 3,400 jobs in June, the largest monthly gain in that sector since the recession began in December 2007.

– Northwest Herald

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