Initial Claims in Illinois
ILICLAIMS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9,654.00
Year-over-Year Change
-10.07%
Date Range
6/17/2006 - 8/9/2025
Summary
The Initial Claims in Illinois trend measures the number of new claims for unemployment insurance filed by Illinois residents. This metric is a key economic indicator of labor market conditions and employment dynamics in the state.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
Initial claims represent new applications for unemployment benefits filed by individuals who have recently lost their jobs. This data provides insight into the rate of layoffs and workforce changes occurring in Illinois over time.
Methodology
The data is collected by the U.S. Department of Labor through state workforce agencies.
Historical Context
Economists and policymakers monitor initial claims data to assess the health of the Illinois labor market and broader economic trends.
Key Facts
- Initial claims in Illinois peaked at over 171,000 in April 2020 during the COVID-19 pandemic.
- The 4-week moving average of initial claims in Illinois is a closely watched metric.
- Initial claims data is released weekly by the U.S. Department of Labor.
FAQs
Q: What does this economic trend measure?
A: The Initial Claims in Illinois trend measures the number of new applications for unemployment insurance filed by Illinois residents who have recently lost their jobs.
Q: Why is this trend relevant for users or analysts?
A: This data provides important insights into the health of the Illinois labor market and overall economic conditions in the state.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Department of Labor through state workforce agencies.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor initial claims data to assess the strength of the Illinois labor market and inform policy decisions.
Q: Are there update delays or limitations?
A: The initial claims data is released weekly by the U.S. Department of Labor with minimal delays.
Related Trends
Average Weekly Hours of All Employees: Private Service Providing in Illinois
SMU17000000800000002A
Monthly State Retail Sales: Food and Beverage Stores in Illinois
MSRSIL445
Housing Inventory: Median Home Size in Square Feet in Illinois
MEDSQUFEEIL
Monthly State Retail Sales: Furniture and Home Furnishings Stores in Illinois
MSRSIL442
Real Gross Domestic Product: Finance, Insurance, Real Estate, Rental, and Leasing (52, 53) in Illinois
ILFININSREALRGSP
Coefficient for Transportation Carbon Dioxide Emissions, Natural Gas (Pipeline) for Illinois
EMISSCO2CNGACBILA
Citation
U.S. Federal Reserve, Initial Claims in Illinois (ILICLAIMS), retrieved from FRED.