McHenry County unemployment rate falls to 7.8 percent
CRYSTAL LAKE – McHenry County’s unemployment rate was 7.8 percent in March, down from 9.2 percent in March 2013, according to preliminary figures from the U.S. Department of Labor and the Illinois Department of Employment Security.
The jobless rate in the county also fell a full percentage point from February's unemployment rate of 8.8 percent.
The falling unemployment rate is in line with much of the rest of Illinois. Local unemployment dropped in 10 of 12 metropolitan areas in March, and in six of the 10, March was the lowest the jobless rate has been since 2008, according to a press release from IDES.
Those six metros include Chicago-Joliet-Naperville, Davenport-Moline-Rock Island, Kankakee-Bradley, Lake-Kenosha, Rockford and St. Louis.
In Crystal Lake, the jobless rate fell to 7.3 percent compared to 8.5 percent in March 2013.
Other unemployment numbers showed Algonquin at 7.1 percent from 8.3 percent; Carpentersville at 12.2 percent from 14.6 percent, Lake in the Hills at 7.6 percent from 8.8 percent; and McHenry at 8.2 percent from 9.1 percent.
Kane County's unemployment rate was 8.6 percent in March, down from 10.1 percent a year ago.
The jobless rate for the state of Illinois, which was not seasonally adjusted, was 8.3 percent in March. That's down from 12.2 percent when the rate hit its peak in this economic cycle in January 2010.
Nationally, the unemployment rate was 6.8 percent in March, down from its January 2010 peak of 10.6 percent.
“Our economy continues to improve as people feel more confident about the future,” IDES Director Jay Rowell said in the release. “To continue this growth, we need to ensure that our workforce has the skills demanded in today’s economy.”