Unemployment Nearly Triples In Buffalo Grove Since August 2019

BUFFALO GROVE, IL — Though the unemployment rate in Buffalo Grove dropped slightly between July and August, last month’s figure was still nearly three times as high as it was a year ago due to the coronavirus.

Statistics from the Illinois Department of Employment Security show 8.5 percent of the eligible workforce in Buffalo Grove was unable to find a job in August 2020, up from 3.3 percent in August 2019. The village’s unemployment rate was 9.2 percent in July, according to state data.

Illinois’ unemployment rate reached 11 percent in August. Despite dropping half a percentage point since July, the state’s unemployment rate was still nearly three times higher than it was in August 2019, IDES data shows.

The number of non-farm jobs has decreased in all 14 of Illinois’ metropolitan areas since the start of 2020, and no industry sector has posted job gains in a majority of those metro areas, according to the IDES.

Illinois’ seasonally adjusted unemployment rate reached 11 percent in August. Despite dropping half a percentage point since July, the state’s unemployment rate was still nearly three times higher than it was in August 2019, IDES data shows.

Illinois’ 11 percent unemployment rate for August was significantly higher than the national rate of 8.4 percent.

Since August 2019, the leisure and hospitality industry in Illinois has lost 143,700 jobs, the professional and business services sector lost 72,500, and the trade, transportation and utilities sector lost 53,400 jobs, according to the IDES.

Acting IDES Director Kristin Richards said the unemployment rate in Illinois is steadily declining and confidence in the state’s economy is beginning to grow again, more than six months into the coronavirus pandemic.

Erin Guthrie, director of the Illinois Department of Commerce and Economic Opportunity, urged people to take advantage of the state’s programs to support unemployed workers and business owners amid the pandemic, including its Business Interruption Grants.

The DCEO is expected to award $220 million to businesses that are struggling due to the coronavirus, including $70 million in grants for businesses in areas disproportionately impacted by the coronavirus pandemic and $60 million for "heavily distressed" businesses, like movie theaters and entertainment venues.

State officials have also earmarked $60 million for "priority businesses" that faced additional coronavirus mitigations implemented by state or local authorities, as well as independently owned retail stores, and tourism- and hospitality-related businesses.

The DCEO is accepting applications for BIG grants through its website.

Guthrie said the state’s programs “will help stabilize our small businesses, enable our economy to continue to safely reopen, return more Illinoisans to work and provide our economy the boost it needs.”

Though the state’s declining unemployment rate is encouraging, “there remains much to do to bring more Illinoisans safely back to work and to rebuild our economy,” Guthrie said.

Job seekers in Illinois can use the state’s Get Hired IL website to find potential opportunities in their area and attend virtual job fairs and training workshops. Those who are looking for a job can also use Illinois Job Link, the state’s largest search engine for employment opportunities.