Nearly 1 in 4 Illinoisans now find themselves out of work
CHICAGO (May 28, 2020) – Illinois’ real-time unemployment rate exceeds all of its bordering states except Kentucky. According to analysis from the nonpartisan Illinois Policy Institute, the state’s real-time unemployment rate is now at 23.1%. That’s 43% higher than Missouri’s real-time unemployment rate of 16.1%, which is the lowest among border states.
Illinois’ estimated unemployment rate of 23.1% is also higher than Iowa (16.2%), Wisconsin (20.7%) and Indiana (22.8%). Only Kentucky, with an estimated unemployment rate of 32.8%, surpasses Illinois.
U.S. Department of Labor data show 58,359 Illinoisans filed for unemployment in the week ending May 23, bringing the total new jobless claims to 1.15 million since COVID-19 started impacting Illinois’ economy. Nearly 1 in 4 Illinoisans have lost their jobs in the past two months.