Chicago Jobs
Sunday, May 31st, 2009Finding jobs in Chicago became more difficult in April, according to the U.S. Bureau of Labor Statistics. During the month the metro area’s jobless rate climbed 0.6 percent from March’s 9.3 percent jobless rate to 9.9 percent. This is particularly significant when compared to the unemployment rate of the same month in 2008. A year ago only 5.4 percent of the metro area’s resident’s were without work. Crain’s Chicago Business News says that this is the highest unemployment rate the metro area has seen since January of 1984.
According to the Illinois Department of Employment Security (IDES), the city itself, excluding the areas that make up the metro, had an even higher jobless rate in April. During the month 10.6 percent of people were unable to find Chicago jobs. Back in April of last year only 6 percent of residents were unemployed. IDES statistics show that there are now 171,300 fewer people in the area with jobs than there were in 2008.
During the same month, the Illinois jobless rate climbed 0.4 percent from 9.0 percent to 9.4 percent. In April the country’s unemployment rate also climbed 0.4 percent, going from 8.5 percent to 8.9 percent. In the same month, a year ago, only 5.0 percent of the country was without work.
Chicago’s current jobless rate shows that the area is suffering worse from the economic recession than many other areas in the country. Like in many other cities, Chicago’s manufacturing sector has been hit hard. Since many people are out of work, they lack the money purchase as many manufactured goods, which means the companies responsible for making them are having to cut jobs in order to keep their profit margins up. Another industry that is responsible for a lot of the jobs lost in Chicago is the professional and business services sector.
Despite the fact that several sectors are having problems, one area of employment in Chicago continues to be strong. Due to the necessity of many of the services it provides, healthcare jobs remain relatively steady.