IL February Unemployment Rate Falls
The Bureau of Labor Statistics (BLS) released the Regional and State Employment and Unemployment Summary on Friday March 30, 2012.
“Employment increased in 42 states and the District of Columbia and decreased in 8 states” according to the BLS.
The largest February increases were Ohio 28,300, Texas 27,900 and New York 24,700. Illinois increased employment by 6,500.
The BLS also reported 29 states experienced unemployment rate decreases, 8 states experienced an increase and 13 states and D.C. were unchanged.
Since the recent peak at 10.1% in August 2011, the Illinois unemployment rate continues to trend lower as it fell from 9.4% in January to 9.1% in February.
During the financial crisis the unemployment rate peaked at 11.4% in January 2010 and has bounced between 9.3% and 10.3% over the last two years.
Copyright ©2012 Mark Shore. Contact the author for permission for republication at [email protected] www.shorecapmgmt.com Mark Shore publishes research, consults on alternative investments and conducts educational workshops. Mark Shore is also an Adjunct Professor at DePaul University’s Kellstadt Graduate School of Business in Chicago where he teaches a managed futures/ global macro course.
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