Local Region Ranks High on Rising Unemployment List
DANVILLE - A new report published by the U.S. Bureau of Labor Statistics indicates that Danville's rising unemployment rate came in at second, of all metropolitan areas in the nation.
From May 2012 to May 2013, the unemployment rate rose from 8.7 to 9.7 for the Danville metropolitan area, which according to Vicky Hogan, CEO of Vermilion Advantage, accounts for all of Vermilion County.
According to Hogan, there are other areas of the report that could be deceiving. For instance, she says the Danville metropolitan area doesn't rank as a top area for overall unemployment across the nation.
Even in the state of Illinois alone, it is tied with Kankakee for having the third highest rate in May 2013. Coming in with the highest rate is Decatur (10.3) and at second, Rockford (9.9).
Moreover, Hogan argues that the one percent increase is mainly based on the recent FreightCar America, Inc. layoffs, and is "not indicative of the base as a whole. Rather, she says the county is seeing a lot of new retailers - more now than she's seen in 15 years.