Thursday, June 25, 2009

Chicago metro jobless rate hits 26-year high

Crain's:
Unemployment in metropolitan Chicago has reached a level not seen since August 1983.

The seasonally unadjusted jobless rate rose to 10.7% during May in the Chicago-Naperville-Joliet area, up from 9.9% the prior month, according to the Illinois Department of Employment Security.

There were 185,900 fewer people employed in the metro area last month compared with the same month in 2008. That figure, the highest among the 12 Illinois metro areas reported, suggests that the recession continues to hamper the local labor market.

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