New jobs boost unemploymentThat’s right, job creation can increase unemployment, at least when “unemployment” is defined they way the government defines it.
PEORIA - The Peoria area, like much of the state, may be a victim of its own success when it comes to unemployment.You see, unemployment doesn’t mean “out of work”, it means looking for work and not finding it. There’s a big difference. The government’s unemployment statistic almost always covers up the segment of the population that has simply given up looking for work. These are mostly people who would work, but they have become discouraged at not being able to find anything. When more jobs become available, they resume their search for work and become “unemployed”. Silly but true.
More jobs have been created in the region and throughout the state in the last year, and that has brought more people out looking for work.
As a result, unemployment was up considerably in September from a year earlier, according to statistics released Thursday by the Illinois Department of Employment Security.