Metro Jobless Rate Hits Another High

By Marcus Gilmer in News on Jun 26, 2009 4:20PM

The jobless rate in the Chicago metro are hit a 26-year high during May. The "seasonally unadjusted" rate hit 10.7 percent in May 2009, the highest the area has seen since August 1983. According to Crain's:

There were 185,900 fewer people employed in the metro area last month compared with the same month in 2008. That figure, the highest among the 12 Illinois metro areas reported, suggests that the recession continues to hamper the local labor market.

The Chicago metro area was second in the state behind Rockford which saw a rate of 13.4 percent.