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Macon County unemployment rate drops in February

Macon County unemployment rate drops in February

March 31 – All but one of Illinois’ metropolitan areas saw decreases in their over-the-year unemployment rate.

 

According to the Illinois Department of Employment Security (IDES), Macon County’s unemployment rate dropped to 6.3 percent in February 2017.  That’s down from the 7.4 percent recorded in February 2016 and also down from 7.7 percent the previous month.  The statewide unemployment rate came in at 5.5 percent last month.

 

“More than half of the metro areas statewide lost jobs,” said IDES Director Jeff Mays. “Of all the nonfarm jobs gained over the last year, less than 10 percent were outside of the Chicago metro area.”

 

The Decatur metro area lost 500 jobs compared to the previous year.  IDES estimates there were 3,200 unemployed people in the labor force in February 2017.  Additionally, the City of Decatur’s unemployment rate was at 6.8 percent.  That’s lower than when it was 7.8 percent in February 2016 and also lower than the previous month’s 8.4 percent unemployment rate.

 

Payrolls increased in Educational & Health Services (+100), Professional & Business Services (+100), and Financial Activities (+100). Declines were reported in Leisure & Hospitality (-200), Transportation, Warehousing, & Utilities (-200), Retail Trade (-200), and Manufacturing and Government each declined by (-100). All other major industry sectors were stable compared to last year.