Overall unemployment rate moved up to 6.3% with the biggest shift in Government, which lost 6,000 roles, based on the most recently available information published in March 2021.
Total employment in the Champaign-Urbana, IL market declined by 5,461 jobs in January and the unemployment rate increased compared to the prior month by 130 bps to 6.3%. The national unemployment rate increased by 31 bps over the same time to 6.8%.
- Champaign-Urbana, IL unemployment rate is 51 bps below the national rate which is a positive sign.
- Unemployment in the market is 290 bps above the unemployment rate in the market last year at this time, which is a negative.
- Average wages (per hour) declined in January versus prior month by -0.1% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs declined by -6.3%. Key sectors include:
- Government: 36,000; -6,000
- Education & Healthcare: 16,600; +100
- Transportation & Utilities: 15,700; -800
- Restaurants & Hotels: 9,500; +500
- Business Services: 9,500; -500
- Manufacturing: 7,400; -200
- Financial Services: 4,700; no change
- Construction, Mining: 3,400; -300
- Other Jobs: 3,200; -100
- IT & Development: 1,800; no change
Data is based on the most recent 12 months available, through January 2021 (Data published March 2021 and reports created on March 25, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.