United States Congress Joint Economic Committee

Illinois

September 2024

Labor Market (BLS/Haver)
Most Recent Prior Month 12 Mo. Prior
Illinois Unemployment (U-3) 4.5% 4.5% 4.6%
U.S. Official Rate (U-3) 3.7% 3.7% 3.4%
U.S. "Real" Rate (U-6) 7.0% 7.1% 6.7%
Illinois Labor Force Participation Rate 64.6% 64.6% 64.5%
U.S. Labor Force Participation Rate 62.7% 62.7% 62.8%
Prices (BLS/Haver, AAA)
Most Recent Prior Month 12 Mo. Prior
CPI-U Inflation 3.4% 3.1% 6.5%
"Core" CPI Inflation 3.9% 4.0% 5.7%
National Gas/gal. Updated 9/10/24 12:00 AM $3.26 $3.45 $3.83
Illinois Gas/gal. $3.53 $3.90 $3.99
Midwest Region: Loaf of Bread $1.97 $1.91 $1.87
Midwest Region: Milk/gal. $2.57 $2.62 $2.17
Economic Growth (BEA, WSJ/Haver)
U.S. Real GDP
Q2/2024 (Advance Estimate)
2.8%
IL Real GDP
Q1/2024
-1.3%
S&P 500 (YTD)
0.29% Updated 1/16/24 5:00 AM
Minimum Wage (DOL/WHD)
National Hourly Rate
$7.25
IL Hourly Rate
$12.00
Last Generated: 9/10/24 10:05 AM