Thursday, August 14, 2008

State unemployment up to 7.3%

AP:
Illinois' unemployment rate has increased to its highest level since September 1993.

The Illinois Department of Employment Security says July's rate of 7.3 percent marks an increase of 1.9 percentage points since April.

Officials say 491,300 people were unemployed in Illinois, which is the highest level since June 1992. That number is up almost 122,000 since April.

Employment Security Director James Sledge says the increase shows the impact national economic struggles are having on Illinois' job market.

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