Ill. jobless rate hits 10.5 percent in September - KMOV.com

Ill. jobless rate hits 10.5 percent in September

CHICAGO (AP) -- Economists say the increase in Illinois' unemployment rate last month wasn't unexpected or unusual.

University of Illinois economist Fred Giertz describes unemployment as a "lagging indicator." He says even though the rest of the economy is slowly improving, it takes time for the unemployment rate to catch up.

He says one reason is that productivity has improved during the recession and fewer employees are needed.

The Illinois Department of Employment Security reported today that the jobless rate increased to 10.5 percent in September after a slight dip to 10 percent in August.

The U.S. jobless rate also increased in September, from 9.7 percent in August to 9.8 percent.

(Copyright 2009 by The Associated Press. All Rights Reserved.)

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