Oakbrook Terrace, IL Jobs Report

November 2019 Jobs Report

Jobs Added

Metro +20,800
  • Month Over Month: +0.4%
  • 3 Month Average: -2,200
  • Year Over Year: +0.7%
State +1,900
  • Month Over Month: 0.0%
  • 3 Month Average: 1,533
  • Year Over Year: +0.9%
National +266,000
  • Month Over Month: +0.2%
  • 3 Month Average: 205,000
  • Year Over Year: +1.5%

Unemployment Rate

Metro 3.5%
  • Month Over Month: +0.1%
  • 3 Month Average: 3.53%
  • Year Over Year: -0.2%
State 3.9%
  • Month Over Month: 0.0%
  • 3 Month Average: 3.93%
  • Year Over Year: -0.3%
National 3.5%
  • Month Over Month: -0.1%
  • 3 Month Average: 3.53%
  • Year Over Year: -0.2%

This last month the unemployment saw only a little change, a decrease of 0.1 percent, which now sits at 3.5%. December’s release also noted that there were 266,000 jobs added, much more than 180,000 expected and more than the 156,000 added in October.

Brian Coulton, the chief economist at Fitch, said in a Yahoo Finance article, “Along with the upward revisions to earlier months, these numbers are telling us that job growth in the U.S. has stabilized.” The economist also stated, “This highlights that conditions remain firmly in place for the consumer and the service sector to cushion the economy from external risks and related weakness in U.S. manufacturing.”

Average hourly earnings rose by 7 cents from October and have seen a 3.1 percent increase over the past 12 months.

The labor force participation rate saw little change at 63.2 percent in November. Overall, the report showed an indication of labor stability as the domestic labor market continued to fire on all cylinders.

Sector Job Growth from the B.L.S.

Professional & Business Services +4,400
  • Month Over Month: +0.5%
  • 3 Month Average: 860
  • Year Over Year: +0.3%
Education & Health Services +12,000
  • Month Over Month: +1.6%
  • 3 Month Average: 748
  • Year Over Year: +1.9%
Transportation & Warehousing +1,300
  • Month Over Month: +0.6%
  • 3 Month Average: 212
  • Year Over Year: +3.8%

Industry Job Growth from the B.L.S.

Administrative & Support & Waste Management & Remediation Services +1,400
  • Month Over Month: +0.5%
  • 3 Month Average: 306
  • Year Over Year: -2.9%
Transportation & Warehousing +1,300
  • Month Over Month: +0.6%
  • 3 Month Average: 212
  • Year Over Year: +3.8%
Health Care & Social Assistance +5,700
  • Month Over Month: +1.2%
  • 3 Month Average: 495
  • Year Over Year: +3.3%
Employment Services +2,100
  • Month Over Month: +1.4%
  • 3 Month Average: 153
  • Year Over Year: -6.0%
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Metropolitan Month-Over Month Job Growth by Sector

*The following chart displays the latest local job growth by sector compared to the previous month. Note that if a sector experienced losses or flat growth, it will not be displayed as part of the graphic.

BLS.gov cannot vouch for the data or analyses derived from these data after the data have been retrieved from BLS.gov.

The BLS defines a sector as a subset of the domestic economy and excludes the economic activities of the following: general government, private households, and nonprofit organizations serving individuals. A sector consists of multiple industries.

The BLS defines an industry as a group of establishments that produce similar products or provide similar services. Multiple industries makeup sectors.

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