State Sees Significant Increase in Unemployment Claims in March

Lawndale News Chicago's Bilingual Newspaper - Business

Lawndale News Chicago's Bilingual Newspaper - Business

While the Illinois Department of Employment Security (IDES) announced that the unemployment rate fell -0.1 percentage point to 3.4 percent, a new record low, the state is responding to a surge of unemployment claims in March due to the impacts of COVID-19. To this point, March unemployment claims total 133,763 compared to 27,493 over the same period in 2019. In February, nonfarm payrolls were about unchanged, down -200 jobs based on preliminary data provided by the U.S. Bureau of Labor Statistics (BLS) and released by IDES. The January monthly change in payrolls was revised from the preliminary report from +16,600 to +16,000 jobs. An individual who exhausts or is ineligible for benefits is still reflected in the unemployment rate if they actively seek work. IDES maintains the state’s largest job search engine, Illinois Job Link (IJL), to help connect jobseekers to employers who are hiring, which recently showed 62,951 posted resumes with 97,074 jobs available.

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