The federal Bureau of Labor Statistics released its December unemployment statistics, and Illinois remains among the worst in the nation with an unemployment rate at 4.7%. The only state with a higher rate than Illinois was Nevada.
In December, Illinois’ 4.7% unemployment rate meant that at that time 303,000 Illinoisans were unemployed. This rate is higher than its neighboring states, where the highest rate is 4.3% in Michigan and the lowest is 2.8% in Missouri. Additionally, Illinois’ unemployment rate stands significantly higher than the national average rate of 3.5%.
While Illinois’ December rate still shows a 0.4% decrease in the unemployment rate from December 2021, it still marks a trend of slight increase over the past few months. In 2022, unemployment had been slowly decreasing in the first half of the year, but from August 2022 on, the data showed a steady increase for the first time since April 2020.