Overall unemployment rate moved up to 5.6% with the biggest shift in Government, which lost 1,200 roles, based on the most recently available information published in September 2021.
Total employment in the Champaign-Urbana, IL market declined by 3,584 jobs in August and the unemployment rate increased compared to the prior month by 50 bps to 5.6%. The national unemployment rate decreased by 38 bps over the same time to 5.3%.
- Champaign-Urbana, IL unemployment rate is 31 bps above the national rate which is a negative sign.
- Unemployment in the market is 140 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) declined in August versus prior month by -0.3% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs declined by -0.8%. Key sectors include:
- Government: 33,900; -1,200
- Education & Healthcare: 16,900; no change
- Transportation & Utilities: 15,600; -100
- Restaurants & Hotels: 10,400; +300
- Business Services: 10,300; +100
- Manufacturing: 7,600; no change
- Financial Services: 4,900; +200
- Construction, Mining: 4,000; -200
- Other Jobs: 3,300; no change
- IT & Development: 1,800; no change
Data is based on the most recent 12 months available, through August 2021 (Data published September 2021 and reports created on September 29, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.