Illinois Unemployment Rate Rises to 16.4%Amid COVID-19 Pandemic – IDES

The monthly unemployment rate rose to a new record high since current methodologies were enacted in 1976 and the monthly decline in nonfarm payroll jobs also set a record. .Compared to a year ago, nonfarm payroll employment decreased by -822,800 jobs, with losses across all major industries. The number of unemployed workers increased dramatically from the prior month, a +280.3 percent increase to 1,004,400, a new record high, and was up +270.6 percent over the same month for the prior year.