Unemployment Declines in the Quad Cities
June 26, 2014
Unemployment dropped in the Quad Cities in May. It fell 6.5 percent at this time a year ago, to 6.1 percent last month.
Tom Austin from the Illinois Department of Employment Security, says we have the second lowest unemployment rate in Illinois, under Bloomington and Normal. Hiring for construction, retail, leisure and hospitality, and professional business services increased. But Austin says there was a decline in manufacturing and government jobs.
"Typically, we see at this time of the year, as we get in, especially to June and July, some increases in local government, with park district programs and activities such as that, but those are often offset by declines in local government education as the schools are out for the summer."
Austin says a "well-rounded economy" leads to low unemployment rates in the area.
"If one industry is experiencing declines, other industries are experiencing increases, so therefore, the balanced eocnomy has kept its unemplyment rate one of the lowest ones in metro Illinois."
The Illinois Department of Employment Security compares monthly unemployment rates to figures from the previous year.