At 7 percent, Palatine’s unemployment rate is among the most improved in the Northwest suburbs, the Chicago Tribune reports.
In two years July’s unemployment rate in Palatine has dropped down to 7 percent. That’s a 1.4 percent improvement from the unemployment rate in July of 2010 at 8.4 percent. In comparison, the Chicago Tribune reports Palatine's unemployment rate was at 5.1 percent in July of 2008, 1.9 percent less than the current rate.
Palatine’s 7 percent unemployment rate is lower than the state’s rate at 9.3 percent as well as the national rate at 8.6 percent, the Chicago Tribune reports.