Galebsurg’s unemployment rate remains stagnant at 5 percent

The unemployment rate in the month of October for the City of Galesburg remains stagnant at five percent, the same rate it was for the month of September.

According to numbers released Thursday by the Illinois Department of Employment Security, the labor force in Galesburg dropped by 200 individuals, most of which were designated as employed.

Despite the stagnant unemployment rate, the numbers are significantly better than what they were in October of 2018, when the unemployment rate was six percent.

Since then, the IDES numbers indicate that the number of unemployed people dropped 122 while the number of employed dropped almost 56.

The drop in the number of employed from September to October is typical when comparing historical data for the two months going back as far as 2016.

The unemployment rate for the Galesburg Micropolitan Statistical Area saw a slight decrease from September from 4.6 percent to 4.7. It too was better than it was in October of 2018 when it was 5.4 percent.

Knox County’s unemployment sits at 4.7 percent for the month of October — up a 0.1 percent from September but down 0.7 percent from October of 2018.

IDES data show that the number of employed dropped by 351 while the number of unemployed saw a decline of two.

When compared to the rest of the state, Knox County comes in at 13th for the highest unemployment, sitting behind Fulton who has the highest unemployment rate of neighboring counties at 4.8 percent.

To the west, Warren County continues to sport the best unemployment number at 3.6 percent — 0.1 percent better than September and .06 percent better than October of 2018

All of Knox County’s neighbors have seen improvements from last month with the biggest drop in the unemployment rate coming in McDonough County, which saw a 1.5 percent decrease.

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