The impact of losing some 500 jobs when Quaker Oats closed is being felt in the local unemployment rate. According to a report from the Illinois Department of Employment Security, the Danville area saw one of the state’s largest increases in the jobless rate for June compared to a year ago. The unemployment rate in Vermilion County increased to 7.5 percent in June 2024 from 5.9 percent in June 2023. In the City of Danville, it was 8.6 percent compared to 6.9 percent last year.
The rate was 5.4 percent in Champaign County, up from 4.6 percent last year. In the City of Urbana, it stands at 6.0 percent, a hike from 4.9 percent last year. In the City of Champaign, the rate is 5.5 percent compared to 4.7 percent in 2023.
Over-the-year, the unemployment rate increased in all fourteen metropolitan areas in Illinois.
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