Overall unemployment rate moved down to 3.8% with the biggest shift in Government, which gained 800 roles, based on the most recently available information published in April 2022.
Total employment in the Champaign-Urbana, IL market rose by 6,672 jobs in February and the unemployment rate decreased compared to the prior month by 40 bps to 3.8%. The national unemployment rate decreased by 28 bps over the same time to 4.1%.
- Champaign-Urbana, IL unemployment rate is 34 bps below the national rate which is a positive sign.
- Unemployment in the market is 130 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in February versus prior month by 3.4% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 1.4% . Key sectors include:
- Government: 40,700; +800
- Education & Healthcare: 18,400; +100
- Transportation & Utilities: 16,400; +300
- Restaurants & Hotels: 11,200; +400
- Business Services: 8,400; no change
- Manufacturing: 7,700; no change
- Financial Services: 4,300; no change
- Construction, Mining: 3,500; no change
- Other Jobs: 3,300; no change
- IT & Development: 2,100; no change
Data is based on the most recent 12 months available, through February 2022 (Data published April 2022 and reports created on April 6, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.