Unemployed Persons in Illinois
LAUST170000000000004 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
320,000.00
Year-over-Year Change
-16.42%
Date Range
1/1/1976 - 7/1/2025
Summary
The 'Unemployed Persons in Illinois' series tracks the total number of unemployed individuals in the state of Illinois. This metric is a key indicator of the state's overall economic health and labor market conditions.
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
This series provides monthly data on the total number of people classified as unemployed in the state of Illinois. It is an important labor force statistic used by economists, policymakers, and analysts to assess employment trends and evaluate the performance of the state's economy.
Methodology
The data is collected through the Current Population Survey (CPS) conducted by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in unemployed persons are closely monitored by the Federal Reserve and state governments to inform economic and workforce policies.
Key Facts
- Illinois unemployment rate averaged 5.4% in 2022.
- Unemployment peaked at 16.5% in Illinois during the COVID-19 pandemic.
- The state has seen a steady decline in unemployment since mid-2020.
FAQs
Q: What does this economic trend measure?
A: The 'Unemployed Persons in Illinois' series tracks the total number of unemployed individuals residing in the state of Illinois. It is a key indicator of labor market conditions in the state.
Q: Why is this trend relevant for users or analysts?
A: Trends in Illinois unemployment are closely monitored by economists, policymakers, and businesses to assess the overall health of the state's economy and labor market.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey (CPS) conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Unemployment data for Illinois is used by the Federal Reserve and state government to inform economic and workforce policies, such as employment programs and stimulus measures.
Q: Are there update delays or limitations?
A: The Illinois unemployment data is published monthly with a slight delay, typically 1-2 months after the reference period.
Related Trends
All Employees: Real Estate in Illinois
SMU17000005553100001A
Personal Consumption Expenditures: Services: Transportation Services for Illinois
ILPCETRANS
Average Weekly Hours of Production Employees: Other Services in Illinois
SMU17000008000000007A
Real Gross Domestic Product: Broadcasting (Except Internet) and Telecommunications (515, 517) in Illinois
ILBRDTELERGSP
All Employees: Construction in Illinois
ILCONS
All Employees: Service-Providing in Illinois
SMU17000000700000001
Citation
U.S. Federal Reserve, Unemployed Persons in Illinois (LAUST170000000000004), retrieved from FRED.