Peoria Unemployment Rate Drops In October

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Some good news on the Illinois job front. The state’s unemployment rate has dropped for a fifth consecutive month.

The Illinois Department of Employment Security reported Wednesday that unemployment rates decreased over-the-year in October in all of the state’s metropolitan areas and in all 102 counties, according to preliminary data released Wednesday by the U.S. Bureau of Security.

“It is encouraging that the unemployment rate is down statewide and Illinois gained 18,200 jobs over the past year,” said IDES Director Jeff Mays. “However, six of the 14 metro areas did not add jobs, which is a clear sign of the need for more sustained job growth across all areas of the state.”

Mays says Illinois’ not seasonally adjusted unemployment rate in October was 4.7 percent, down from 5.6 percent last October.

The Peoria metropolitan area unemployment rate dropped to 4.7 percent in October from 6-percent a year ago.

The unemployment rate identifies those who are out of work and looking for work, and is not tied to collecting unemployment insurance benefits.

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