County jobless rate hit 7.5 pct. in November
McHenry County’s unemployment rate fell to 7.5 percent in November, down from 8.7 percent a year ago, according to preliminary data released Thursday by the U.S. Department of Labor and the Illinois Department of Employment Security.
The jobless rate in the city of McHenry was 7.6 percent compared with 9.1 percent in 2011, said IDES spokeman Greg Rivara. Other jobless numbers showed Algonquin at 7.3 percent, down from 8.2 percent a year ago; Crystal Lake, 7.5 percent, down from 8.9 percent; and Lake in the Hills, 7.4 percent, down from 8.6 percent. Carpentersville’s jobless rate fell to 9.2 percent compared with 11.2 percent a year ago. The jobless rate improved from 9.2 percent to 8 percent in Kane County.
November local unemployment rates fell in 11 of 12 metro areas in Illinois compared to last year. The largest declines were in: Rockford (-1.3 points to 10.5 percent), Chicago-Joliet-Naperville (-1.2 points to 8.3 percent), and Kankakee-Bradley (-1.1 points to 10.0 percent).
Payrolls increased in six metros and declined in six. The largest increases: Springfield (+1.2 percent, +1,300), Lake-Kenosha (+1.1 percent, +4,100), Chicago-Joliet-Naperville (+0.9 percent, +33,700 jobs), and Kankakee-Bradley (+0.9 percent, +400). Industry sectors increasing in the most metros were Leisure and Hospitality (11 of 12) and Manufacturing (10 of 12).
“The trend of falling unemployment rates across Illinois shows that our economy continues to improve,” IDES Director Jay Rowell said. “The largest challenge to local economic growth is the fiscal cliff. Economic progress could slow at every level and we risk another recession if Congress does not work together to craft a solution.”
Not seasonally adjusted data compares the current month to the same month of the previous year. The November 2012 not seasonally adjusted Illinois rate was 8.2 percent and 12.3 percent at its peak in this economic cycle in January 2010. Nationally, the unemployment rate was 7.4 percent in November and 10.6 percent in January 2010 at its peak. The unemployment rate identifies those who are out of work and looking for work and is not tied to collecting unemployment insurance.