State: B-N Economy Lost 1,000 Financial Services Jobs In Past Year | WGLT

State: B-N Economy Lost 1,000 Financial Services Jobs In Past Year

May 23, 2019

The Bloomington-Normal area economy has lost 1,000 jobs in the past year, mostly in the financial services sector, the Illinois Department of Employment Security reported Thursday.

The local jobless rate rose to 4% in April 2019, up from 3.5% a year ago, IDES reported. The statewide unemployment rate was 4% in April; the national rate was 3.3%.

The Bloomington-Normal metro area had 93,000 nonfarm jobs in April 2019, down from 94,000 a year ago, IDES reported. That's the steepest decline for any metro area in Illinois during that time.

The heaviest local job losses in the past year were in the financial services (lost 1,000 positions) and retail trade (lost 300) sectors. The biggest job gains were in education and health services (added 300 jobs) and government (added 200) sectors, according to IDES.

There were an estimated 3,900 unemployed people locally as of April, IDES reported.

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