Illinois companies announced 1,666 mass layoffs in February, with more than 4-in-5 impacting workers in Cook County. Schaumburg alone accounted for one-third of job losses.
Illinois continues to maintain a sluggish job market and high unemployment. The December unemployment rate was third highest in the nation, where it has remained for months.
Nearly 9 in 10 of the Illinois job losses announced in November resulted from businesses closing. Chicago led the state for layoffs, followed by Rockford.
New data shows only six of 15 Illinois metropolitan areas added jobs in October as the state shed 2,400 jobs. Twelve metro areas reported higher unemployment than the national average.
The Quad Cities will experience a combined 319 job cuts after John Deere announced layoffs at both its World Headquarters in Moline and Harvester Works factory in East Moline. Romeoville saw more than 1-in-4 of the mass layoffs statewide.
Illinoisans faced 1,026 mass layoffs in June 2024, with manufacturing and transportation sectors hit hardest. John Deere in East Moline accounted for about 1-in-4 of the layoffs announced statewide.
Despite some growth, high unemployment remains a persistent issue in Illinois with 13 of 15 metropolitan areas showing higher rates of unemployment than the national average.