Overall unemployment rate moved down to 4.2% with the biggest shift in Government, which lost 6,600 roles, based on the most recently available information published in August 2022.
Total employment in the Champaign-Urbana, IL market declined by 3,840 jobs in June and the unemployment rate decreased compared to the prior month by 10 bps to 4.2%. The national unemployment rate increased by 46 bps over the same time to 3.8%.
- Champaign-Urbana, IL unemployment rate is 36 bps above the national rate which is a negative sign.
- Unemployment in the market is 150 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) declined in June versus prior month by -3.7% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs declined by -5.3%. Key sectors include:
- Government: 33,200; -6,600
- Education & Healthcare: 18,600; -100
- Transportation & Utilities: 16,300; no change
- Restaurants & Hotels: 11,900; no change
- Business Services: 8,600; +100
- Manufacturing: 7,900; +100
- Financial Services: 4,400; +100
- Construction, Mining: 4,100; +100
- Other Jobs: 3,400; no change
- IT & Development: 2,200; +100
Data is based on the most recent 12 months available, through June 2022 (Data published August 2022 and reports created on August 3, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.