Overall unemployment rate moved down to 3.2% with the biggest shift in Government, which lost 1,200 roles, based on the most recently available information published in February 2022.
Total employment in the Champaign-Urbana, IL market declined by 3,897 jobs in December and the unemployment rate decreased compared to the prior month by 10 bps to 3.2%. The national unemployment rate decreased by 20 bps over the same time to 3.7%.
- Champaign-Urbana, IL unemployment rate is 49 bps below the national rate which is a positive sign.
- Unemployment in the market is 240 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in December versus prior month by 3.3% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs declined by -1.2%. Key sectors include:
- Government: 43,400; -1,200
- Education & Healthcare: 17,100; +100
- Transportation & Utilities: 16,800; +300
- Restaurants & Hotels: 10,700; -300
- Business Services: 10,200; -200
- Manufacturing: 7,600; no change
- Financial Services: 4,900; no change
- Construction, Mining: 3,700; -200
- Other Jobs: 3,300; no change
- IT & Development: 1,800; no change
Data is based on the most recent 12 months available, through December 2021 (Data published February 2022 and reports created on February 4, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.