The Bloomington-Normal area economy has lost 1,300 jobs in the past year, helping drive up the unemployment rate, the Illinois Department of Employment Security reported Thursday.
The Bloomington-Normal market’s jobless rate jumped to 4.8 percent in February, up from 4.3 percent a year ago, IDES reported. The area’s 91,800 nonfarm jobs were down 1,300 positions from the year before. That’s the steepest drop of any metro area in Illinois, according to IDES data.
The biggest declines were reported in the Financial Activities (lost 700 positions), Manufacturing (lost 500), Construction (lost 300), and Retail Trade (lost 300) sectors, IDES reported.
There were around 4,600 unemployed people in the Bloomington-Normal market’s labor force in February, according to IDES.
The statewide’s jobless rate for February was 4.7 percent. The U.S. rate was 4.1 percent.
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