Unemployment numbers looking good for May

By Ryne Turke on July 3 at 6:53am

unemployment

The unemployment numbers for West Central Illinois for the month of May are out, and West Central Illinois seems to be doing better than the rest of the state.

The latest stats released by the Illinois Department of Employment Security indicate May unemployment rates in Morgan County fell from eight percent to 6.8 percent.

Greene County went from 8.2 percent to 7.1 percent, while Cass County dipped from 7.9 percent to 6.7. Scott County’s unemployment rate dropped from 8.1 percent in May 2013 to 7 percent.

Ron Payne, with IDES, says the four-county unemployment rates dropped from 8 percent to 6.9, and West Central Illinois has some of the best looking numbers in the state.

“These are the lowest rates that we’ve seen in most all of the local areas since about 2008. We are certainly getting closer to the pre-recession unemployment rates that we were accustomed to.”

Ron Payne highlights the biggest losses in the job market.

“The largest losses came in the leisure-hospitality sector, was down about 125. There was a 100 loss in the government. 100 in retail trade, and about 75 in the education and health services sector.”

Payne also notes the gains in the job market.

“The other services sector, they were up around 50 over the year. Wholesale trade was up around 50. 25 each in financial activities and the professional business and services sector.”

Nationally, the unemployment rate was 6.1 percent in May. The non-seasonally-adjusted rate in Illinois was 7.2 percent. Historically, the Illinois unemployment rate is higher than the national rate.