Today, the Illinois Department of Employment Security (IDES) released preliminary June 2012 unemployment rates for municipalities across the state. Last month, the city of Chicago posted a preliminary rate of 9.9, after seasonal adjustment* – this is higher than the revised rate for May 2012 (9.6%), but well below the June 2011 rate (11.6%).
Slightly more Chicago residents were employed in June 2012 than the prior month (1,139,926 vs. 1,139,870, after seasonal adjustment*), suggesting that the rate increase from May is due to residents entering the labor force faster than new positions were created to absorb them (not fewer overall positions).
The first chart below summarizes the trend in seasonally adjusted monthly unemployment rates for Chicago, as well as three comparison cities. The second chart illustrates the number of employed Chicago residents by month.
Source: U.S. Bureau of Labor Statistics, IDES, California Employment Development Department, Texas Workforce Commission. City selection based on size and availability of data.
* Seasonal adjustments for Chicago, Houston, and Los Angeles were perfomed by WBC staff using the U.S. Census Bureau's X-12 ARIMA software; New York's seasonally adjusted rates are provided directly from the BLS.
Source : BLS, IDES
*Chicago employment totals were seasonally adjusted by WBC staff using the U.S. Census Bureau's X-12 ARIMA software .