Evanston’s unemployment rate increased to 7.7 percent in October 2009, up from 7.6 percent in September 2009 and up from 4.8 percent one year ago in October 2008, according to figures released on Nov. 25 by the Illinois Department of Employment Security.
While the unemployment rate in Evanston is high, it is lower than the 11.0 percent rate for the state of Illinois as a whole and lower than the 10.2 percent rate for the nation.
The number of foreclosures filed in Evanston is also still high, but the number of foreclosure filings is lower than a year ago. In the third quarter of 2009, there were 62 foreclosure filings, down from 74 in the third quarter of 2008, according to the Woodstock Institute. So far this year there have been a total of 211 foreclosures filed in Evanston, according to the Woodstock Institute.
In Cook County, foreclosure filings dropped in the third quarter from 10,419 in the third quarter of 2008 to 9,940 in the third quarter of 2009. In the six-county region, foreclosure filings increased from 14,868 in the third quarter of 2008 to 17,549 in the third quarter of 2009.