Chicago, IL Unemployment Rate is at 5.70%, compared to 4.90% last month and 9.40% last year. This is lower than the long term average of 7.71%.
Basic Info.
| Report | Metropolitan Area Employment and Unemployment |
|---|---|
| Categories | Employment , Hours and Wages |
What is Chicago’s unemployment rate in 2020?
The unemployment rate in Chicago peaked in April 2020 at 18.2% and is now 13.8 percentage points lower. From a post peak low of 4.4% in April 2022, the unemployment rate has now grown by 0.0 percentage points. You can also compare Chicago unemployment with unemployment in other cities.
What city has the most unemployed people?
Unemployment Rate Changes by City
| Overall Rank | City | Change in Unemployment (June 2022 vs June 2019) |
|---|---|---|
| 1 | Miami, FL | -28.82% |
| 2 | Hialeah, FL | -30.79% |
| 3 | Springfield, MO | -24.34% |
| 4 | Manchester, NH | -27.33% |
What city in Illinois has the highest unemployment rate?
New data released April 22 by the Illinois Department of Employment Security shows the highest unemployment rates in the state are hitting residents of the Decatur (8.6%) and Rockford (8.1%) metropolitan areas and the Chicago-Naperville-Arlington Heights (7.7%) metropolitan division.
What is the unemployment rate in Illinois right now?
4.5 percent
The Illinois Department of Employment Security (IDES) announced today that the unemployment rate fell -0.1 percentage point to 4.5 percent, the lowest the rate has been since the start of the Covid-19 pandemic in March 2020, and nonfarm payrolls increased by +18,800 in June, based on preliminary data provided by the
What is Chicago’s poverty rate?
Table
| Population | |
|---|---|
| Income & Poverty | |
| Median household income (in 2020 dollars), 2016-2020 | $62,097 |
| Per capita income in past 12 months (in 2020 dollars), 2016-2020 | $39,068 |
| Persons in poverty, percent | 17.3% |
How much is minimum wage in Chicago?
The state minimum wage in Illinois is $12; the federal minimum wage sits at $7.25. It has not increased since 2009. During the pandemic, some employers, particularly those in the restaurant, retail and travel industries, have upped starting wages to $15 or higher.
Which state has the worst unemployment?
Unemployment rate by jurisdiction
| Rank | Rank (50 states) | State federal district or territory |
|---|---|---|
| 1 | — | American Samoa |
| — | — | Northern Mariana Islands |
| 2 | — | Puerto Rico |
| 3 | 1 | Nevada |
Which US city has the lowest unemployment rate?
Salt Lake City, Utah.
Which state has the most unemployed?
Wyoming
| Rank | State | Unemployment rate |
|---|---|---|
| 1 | NORTH DAKOTA | 2.8 |
| 2 | NEBRASKA | 3.6 |
| 2 | UTAH | 3.6 |
| 4 | SOUTH DAKOTA | 3.7 |
Does Chicago have high unemployment rate?
“Chicago maintained the lowest unemployment rate through most of 2021 of any large American city,” the press release said, listing this fourth among more than 200 “key accomplishments” by her administration, ranging from economic development to racial justice reforms.
How many job openings are in Illinois?
As of the end of November 2021, the most recent month of available data, there were 10.6 million open jobs in the United States, a 56% increase from one year ago. In Illinois, an estimated 379,000 jobs remain unfilled, up 56.6% from the same period last year and equal to 6.1% of all jobs in the state.
Is Illinois a good state for jobs?
Employment holds a third of the weight in ranking the Best States for economy. This subcategory evaluates three metrics: unemployment rate, job growth and labor force participation rate.
Employment Rankings.
| Rank | 38 |
|---|---|
| State | Illinois Illinois |
| Job Growth | 42 |
| Labor Force Participation | 20 |
| Low Unemployment Rate | 38 |
Is Illinois a poor state?
In 2020, the U.S. poverty rate was 11.4%, up a percentage point from the previous year. The rate varies widely from state to state, with most wealthy states having a poverty rate below 9%.
Poorest States 2022.
| State | Mean Household Income |
|---|---|
| Delaware | $90,092 |
| Utah | $91,292 |
| Illinois | $92,395 |
| Minnesota | $93,925 |
What is Illinois minimum wage?
$12.00
Q4: What is the current Cook County Minimum Wage?
| Illinois State Minimum Wage Chart | ||
|---|---|---|
| 1/1/20 | $9.25 | $8.00 |
| 7/1/20 | $10.00 | $8.00 |
| 1/1/21 | $11.00 | $8.50 |
| 1/1/22 | $12.00 | $9.25 |
Is unemployment over in Illinois?
Illinois Department of Employment Security
IDES issued final payments funded by the CARES Act and extended by ARPA to eligible individuals on September 04, 2021. The payments can be identified by The Payment End Date in the AWVS clearance on the AWVS Details Screen.
Why is Chicago so poor?
It has lost much business and industry, it has lost much of its middle-class population, and it has experienced an increased crime rate. Several systemic problems have contributed to increased poverty in Chicago, making it nearly impossible for the urban poor to escape the cycle of poverty.
What is the poorest part of Chicago?
Fuller Park had the city’s highest unemployment rate (40 percent), the second-highest percentage of households below the poverty line (55.5 percent), and the second-lowest per-capita income ($9,016). It was one of only two Chicago community areas with a per-capita income below $10,000.
What is a livable wage in Chicago?
Living Wage Calculation for Cook County, Illinois
| 1 ADULT | 2 ADULTS (BOTH WORKING) | |
|---|---|---|
| 0 Children | 2 Children | |
| Living Wage | $19.29 | $25.37 |
| Poverty Wage | $6.19 | $6.37 |
| Minimum Wage | $12.00 | $12.00 |
What does McDonald’s pay in Chicago?
The average McDonald’s salary ranges from approximately $21,262 per year for Sales Coordinator to $177,619 per year for Information Technology Specialist. Average McDonald’s hourly pay ranges from approximately $9.49 per hour for Cashier/Receptionist to $50.00 per hour for Student Intern.
Is Chicago Safe?
Chicago is generally safe for travel. Even though Chicago is known for its relatively high average crime rate, this crime is mostly concentrated in certain neighborhoods. Typically, the south and west sides of the city are the most dangerous.