Piatt County jobless rate drops

The area jobless rate took a hefty drop in Piatt County in December when compared to the year before, according to figures released by the Illinois Department of Employment Security.

Unemployment in the county dropped last month to 7.4 percent, below the 8.5 percent recorded in December of 2011. Champaign-Urbana saw a .6 percent drop to 7.4 percent, but Decatur recorded a 1.7 percent increase, and now stands at an area-high 11.8 percent, due mostly to temporary manufacturing layoffs.

Statewide, the jobless rate decreased a full percentage point year-over-year to 8.7 percent last month, and was unchanged from the month before.
“December marks another month that shows falling unemployment rates throughout our state,” IDES Director Jay Rowell said. “The most pressing challenge to our economic progress is the uncertainty tied to Congress, the debt ceiling and the fiscal cliff. Our economic recovery could be compromised if Congress is not seen as working together to build a solution.”

The Illinois rate is still above the national rate in December of 7.6 percent.

Piatt County’s rate of 7.4 percent was one of the lowest in Central Illinois, equalling that of Champaign-Urbana and just above a rate of 7.0 percent in Menard County, 7.1 percent in Moultrie County and 7.3 percent in Douglas County.

Total number of jobs
Champaign-Urbana added 2,700 non-farm jobs for the year, increasing the workforce to 106,000. In Decatur, however, 1,900 jobs were lost for a total force of 51,300. Statewide, the workforce of 5.7 million was 7,600 less than a month earlier, but up 41,900 from December of 2011.

Categories (2):News, Other

Comments

The Piatt County Journal-Republican embraces discussion of both community and world issues. We welcome you to contribute your ideas, opinions and comments, but we ask that you avoid personal attacks, vulgarity and hate speech. we reserve the right to remove any comment at its discretion, and we will block repeat offenders' accounts. To post comments, you must first be a registered user, and your username will appear with any comment you post. Happy posting.

Login or register to post comments

Shanecarter wrote on December 02, 2013 at 12:12 am
Profile Picture

Our economy is a fickle one. But happy to hear that unemployment rate in Piatt County drops. In fact, joblessness is higher than normal for vets, but the good news is that a number of employers are employing vets. In spite of the fiscal cliff tax increases and trepidation over the sequester cuts, the hiring growth indicates the confidence of American businesses. That is contrary to the predictions of many economists.

Event Calendar

Today's Events  |  FAQ
Log in to add an event