Insured Unemployment Rate in Illinois
ILINSUREDUR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.72
Year-over-Year Change
6.17%
Date Range
6/17/2006 - 8/9/2025
Summary
The Insured Unemployment Rate in Illinois measures the percentage of the state's insured labor force that is currently unemployed and receiving unemployment insurance benefits. This metric provides insight into the state's economic conditions and the demand for social safety net programs.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Insured Unemployment Rate in Illinois is a key economic indicator that tracks the proportion of the state's insured workforce that is jobless and receiving unemployment compensation. It offers a more targeted perspective on unemployment compared to the broader statewide unemployment rate.
Methodology
The data is collected by the U.S. Department of Labor through reports from state workforce agencies.
Historical Context
Policymakers and economists use this trend to assess the health of Illinois' labor market and the need for targeted economic interventions.
Key Facts
- Illinois' insured unemployment rate was 3.1% in June 2022.
- The insured unemployment rate is typically lower than the overall state unemployment rate.
- The insured unemployment rate only includes workers who are eligible for and receiving unemployment benefits.
FAQs
Q: What does the Insured Unemployment Rate in Illinois measure?
A: The Insured Unemployment Rate in Illinois measures the percentage of the state's insured labor force that is currently unemployed and receiving unemployment insurance benefits.
Q: Why is the Insured Unemployment Rate relevant for users or analysts?
A: The Insured Unemployment Rate provides a more targeted perspective on unemployment in Illinois compared to the broader statewide unemployment rate, offering insights into the demand for social safety net programs and the health of the state's labor market.
Q: How is the Insured Unemployment Rate data collected or calculated?
A: The data is collected by the U.S. Department of Labor through reports from state workforce agencies.
Q: How is the Insured Unemployment Rate used in economic policy?
A: Policymakers and economists use this trend to assess the health of Illinois' labor market and the need for targeted economic interventions, such as adjustments to unemployment insurance programs.
Q: Are there any update delays or limitations with the Insured Unemployment Rate data?
A: The Insured Unemployment Rate data is subject to the same update delays and limitations as other labor market statistics reported by state workforce agencies.
Related Trends
Chain-Type Quantity Index for Real GDP: Petroleum and Coal Products Manufacturing (324) in Illinois
ILPETCOALMANQGSP
Leading Index for Illinois
ILSLIND
Average Weekly Earnings of Production Employees: Durable Goods: Fabricated Metal Product Manufacturing in Illinois
SMU17000003133200030A
Arts, Entertainment and Recreation Earnings in Illinois
ILEART
Net Earnings by Place of Residence in Illinois
ILENET
All Employees: Manufacturing: Non-Durable Goods: Paper Manufacturing in Illinois
SMU17000003232200001
Citation
U.S. Federal Reserve, Insured Unemployment Rate in Illinois (ILINSUREDUR), retrieved from FRED.