Today, the Illinois Department of Employment Security (IDES) released preliminary November 2012 unemployment rates for municipalities across the state. The city of Chicago posted a preliminary rate of 10.0%, after seasonal adjustment* – this is unchanged from October 2012, but below the November 2011 rate (11.5%). Although the rate was flat, the number of Chicago residents employed in November 2012 fell by more than 10,000 from the prior month (to an estimated 1,147,849 from 1,158,580 in October, after seasonal adjustment*).
The first chart below summarizes the trends in seasonally adjusted monthly unemployment rates for Chicago and three comparison cities. The second chart illustrates the number of employed Chicago residents by month.
Source: U.S. Bureau of Labor Statistics (BLS), 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 performed by WBC staff using the U.S. Census Bureau's X-13 ARIMA-SEATS software; New York's seasonally adjusted rates are provided by the BLS
Source : BLS, IDES
*Chicago employment totals were seasonally adjusted by WBC staff using the U.S. Census Bureau's X-13 ARIMA-SEATS software.