In Peoria, IL

Employment Snapshot - Peoria, IL December-2021

Weller Emmons

VP of Analytics and Finance at Mployer Advisor. He is passionate about leveraging data to provide industry leading insights for Mployer Advisor’s clients. Prior to joining Mployer Advisor, Emmons served as a healthcare provider strategy consultant for Knowledge Capital Group and as an internal strategy consultant at HCA Healthcare. Emmons earned his MBA and BE in Biomedical Engineering, both from Vanderbilt University.

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Market Employment Summary

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Additional Benchmarking Resources

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Overall unemployment rate moved down to 4.4% with the biggest shift in Construction, Mining, which lost 600 roles, based on the most recently available information published in February 2022.

Total employment in the Peoria, IL market declined by 3,590 jobs in December and the unemployment rate decreased compared to the prior month by 10 bps to 4.4%. The national unemployment rate decreased by 20 bps over the same time to 3.7%.

  • Peoria, IL unemployment rate is 71 bps above the national rate which is a negative sign.
  • Unemployment in the market is 300 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 4.4% and are up compared to last year at this time in the market.
Month over Month Unemployment Change
Year over Year Unemployment Change
Peoria, IL Unemployment December 2021

For key employment segments of the market, total jobs declined by -0.1%. Key sectors include:

  • Education & Healthcare: 32,200; no change
  • Transportation & Utilities: 30,800; no change
  • Manufacturing: 22,700; +200
  • Business Services: 20,900; +400
  • Government: 19,700; -100
  • Restaurants & Hotels: 14,900; -200
  • Other Jobs: 7,700; no change
  • Construction, Mining: 7,400; -600
  • Financial Services: 6,900; +100
  • IT & Development: 1,400; no change
Peoria, IL Unemployment by Industry December 2021

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.

Peoria, IL