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Economy

Quad Cities Unemployment Rate Tied with Chicago Area

Unemployment in the Quad Cities rose slightly and is now tied with the Chicago area--in June, the jobless rate was 4.3 percent, compared to 3.7 percent the same month last year.

There were roughly 700 job losses in professional business services, retail trade, and the information sector.

But the Quad Cities gained around 3,200 jobs during the past year.

Tom Austin, from the Illinois Department of Employment Security, says some industries, like hospitality, are bouncing back from the pandemic.

"That industry was one of the harder hit industries, it experienced one of the largest losses during the COVID period, so what we've seen over the last couple years is continued gains in that industry."

Overall, he says Quad Cities unemployment is relatively low.

"The Quad Cities area always does fairly well when we look at the unemployment rate overall, most of that is due to the mix of industry that is found in that area."

The unemployment rate reflects the amount of people out of work, who are looking for a job.

Economy
Rachel graduated from Michigan State University's J-School and has a background in broadcast and environmental journalism. Before WVIK, she worked for WKAR Public Media, Great Lakes Now, and more. In her free time, she likes to cook, hike, and hang out with her cat.