Ill. Jobless Rate Holds At 8.7 Percent In December

CHICAGO (AP) â¿¿ Illinois' unemployment rate held steady at 8.7 percent in December.

Preliminary data released Thursday by the Illinois Department of Employment Security show there are 576,000 Illinois residents out of work. The rate doesn't reflect unemployed people who've quit looking for work.

IDES Director Jay Rowell says the state's long-term trend is "moderate growth punctuated by monthly up-and-down movement in the unemployment rate and the number of people working."

Rowell says the positive trend is threatened by continuing deliberations in Washington on the debt ceiling and the fiscal cliff.

December's seasonally adjusted rate is 1 percentage point lower than December 2011.

Illinois has added 167,000 private sector jobs since January 2010. That's when job growth started returning following almost two years of consecutive monthly declines.

Copyright 2011 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

More from Opinion

Throwback Thursday: Intel Edition

Throwback Thursday: Intel Edition

Intel's Next CEO Should Try Harder to Protect Its Flanks Against AMD and Others

Intel's Next CEO Should Try Harder to Protect Its Flanks Against AMD and Others

3 Warren Buffett Stock Picks That Could Be Perfect for Your Retirement Portfolio

3 Warren Buffett Stock Picks That Could Be Perfect for Your Retirement Portfolio

Wednesday Wrap-Up: GE and Facebook

Wednesday Wrap-Up: GE and Facebook

PayPal Strikes Again, Facebook, and AT&T -- 3 Tech Stories You Must Know

PayPal Strikes Again, Facebook, and AT&T -- 3 Tech Stories You Must Know