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Peoria unemployment drops nearly 1 point in May

Thu, 21 Jun 2012 14:28:05 CDT
By: Charlie Schlenker

Peoria's unemployment rate dropped dramatically last month to 6.9%. The nearly full point decline from May of a year ago puts Peoria fourth among large Illinois cities. Bloomington Normal's jobless rate was unchanged at 6.2% from April to May and remains the lowest among the state's metro areas. It is slightly lower than in May of last year. There was no change in the overall number of jobs in Bloomington-Normal from last year. Peoria saw employment jump by 4,900 non-farm positions. Jay Rowell, the Director of the Department of Employment Security says May offers another reason to be cautiously optimistic the moderate recovery will continue to bring lower unemployment and more jobs. Rowell says he remains guarded as economic events in Europe reverberate around the world.

Metro area May 2012 May 2011
     Bloomington-Normal 6.2 6.3
    Champaign-Urbana 7.1 7.4
      Chicago-Joliet-Naperville 8.6 10.1
      Danville 8.9 9.5
      Quad Cities (IL) 6.7 6.9
      Decatur 9.5 9.3
      Kankakee-Bradley 10.1 11.1
      Lake-Kenosha 7.8 8.4
     Peoria 6.9 7.8
    Rockford 10.4 11.3
      Springfield 6.7 6.6
      St. Louis (IL) 8.4 8.0

     Source: Illinois Department of Employment Security

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