Unemployment Rate in Illinois
ILUR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.60
Year-over-Year Change
-9.80%
Date Range
1/1/1976 - 6/1/2025
Summary
The Unemployment Rate in Illinois measures the percentage of the state's labor force that is unemployed and actively seeking work. This key economic indicator is closely watched by policymakers, businesses, and workers to assess the health of the Illinois job market.
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
The Unemployment Rate in Illinois is a monthly statistic published by the U.S. Bureau of Labor Statistics. It tracks the share of the civilian labor force in Illinois that is without a job but actively seeking employment. The rate is a leading indicator of the state's economic conditions and a barometer of job market strength.
Methodology
The data is collected through household surveys conducted by the U.S. Census Bureau on behalf of the Bureau of Labor Statistics.
Historical Context
The Unemployment Rate in Illinois is used by the Federal Reserve, state government, and private analysts to inform economic and workforce policy decisions.
Key Facts
- The Illinois unemployment rate was 4.7% as of the latest monthly report.
- Illinois has seen a steady decline in unemployment since the COVID-19 pandemic.
- The state's unemployment rate remains slightly above the national average.
FAQs
Q: What does this economic trend measure?
A: The Unemployment Rate in Illinois measures the percentage of the state's civilian labor force that is jobless but actively seeking employment.
Q: Why is this trend relevant for users or analysts?
A: The Illinois unemployment rate is a key indicator of the state's economic health and job market strength, informing policy decisions by government, businesses, and workers.
Q: How is this data collected or calculated?
A: The data is collected through monthly household surveys conducted by the U.S. Census Bureau on behalf of the Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The Illinois unemployment rate is closely monitored by the Federal Reserve, state government, and private analysts to guide workforce development, economic, and monetary policies.
Q: Are there update delays or limitations?
A: The Illinois unemployment data is released on a monthly basis, with a slight lag. There may be seasonal or sampling variations in the monthly figures.
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All Employees: Professional and Business Services: Office Administrative Services in Illinois
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Citation
U.S. Federal Reserve, Unemployment Rate in Illinois (ILUR), retrieved from FRED.