Overall unemployment rate moved up to 4.4% with the biggest shift in Government, which lost 6,900 roles, based on the most recently available information published in March 2022.
Total employment in the Champaign-Urbana, IL market declined by 6,871 jobs in January and the unemployment rate increased compared to the prior month by 120 bps to 4.4%. The national unemployment rate increased by 74 bps over the same time to 4.4%.
- Champaign-Urbana, IL unemployment rate is 3 bps below the national rate which is a positive sign.
- Unemployment in the market is 190 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in January versus prior month by 3.7% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs declined by -7.2%. Key sectors include:
- Government: 35,000; -6,900
- Education & Healthcare: 18,500; no change
- Transportation & Utilities: 16,200; -700
- Restaurants & Hotels: 10,800; -400
- Business Services: 8,400; -100
- Manufacturing: 7,700; -100
- Financial Services: 4,300; no change
- Construction, Mining: 3,400; -300
- Other Jobs: 3,300; no change
- IT & Development: 2,100; no change
Data is based on the most recent 12 months available, through January 2022 (Data published March 2022 and reports created on March 18, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.