United States Congress Joint Economic Committee

Illinois

August 2019

Labor Market (BLS/Haver)
Most Recent Prior Month 12 Mo. Prior
Illinois Unemployment (U-3) 4.2% 4.3% 4.2%
U.S. Official Rate (U-3) 3.7% 3.7% 3.9%
U.S. "Real" Rate (U-6) 7.0% 7.2% 7.5%
Illinois Labor Force Participation Rate 64.8% 64.8% 64.4%
U.S. Labor Force Participation Rate 63.0% 62.9% 62.9%
Prices (BLS/Haver, AAA)
Most Recent Prior Month 12 Mo. Prior
CPI-U Inflation 1.6% 1.8% 2.9%
"Core" CPI Inflation 2.1% 2.0% 2.3%
National Gas/gal. Updated 8/20/19 12:00 AM $2.61 $2.78 $2.83
Illinois Gas/gal. $2.76 $3.07 $2.87
Midwest Region: Loaf of Bread $1.19 $1.20 $1.19
Midwest Region: Milk/gal. $2.21 $2.22 $2.09
Economic Growth (BEA, WSJ/Haver)
U.S. Real GDP
Q2/2019 (Advance Estimate)
2.1%
IL Real GDP
Q2/2018
3.6%
S&P 500 (YTD)
16.63% Updated 8/20/19 5:00 AM
Minimum Wage (DOL/WHD)
National Hourly Rate
$7.25
IL Hourly Rate
$8.25
Last Generated: 8/20/19 8:35 AM