Chicago Unemployment Declines
Monday, August 24th, 2009Despite the fact that the area continued to lose jobs last month, the Chicago unemployment rate declined for the first time in 11 months.
During July, the Chicago-Naperville-Joliet area saw its unemployment rate decrease from 11.3 percent to 10.7 percent, the same rate the area had during May. Even though this is the first time the local unemployment rate has declined since September 2008, it was still higher than the national unemployment rate of 9.4 percent, and the area continued to lose jobs.
The Chicago area had a total non-farm employment of 3,697,500 workers during July, according to the United States Department of Labor Bureau of Labor Statistics. This is down from 3,715,500 workers during June and a 4.7 percent decrease from last year.