World Business Chicago tracks indicators from month to month to gauge the strength of several aspects of Chicago’s economy, including employment in major sectors, residential and office real estate data, price and purchasing indexes, and freight demand.
Key trends include:
- The Chicago (city) economy has expanded by an estimated 14,845 jobs year-over-year since October 2016. The largest gains were in the Financial Activities (+7,115) and Educational and Health Services (+4,447) sectors.
- The City of Chicago’s unemployment rate decreased from 6.4 in October 2016 to 5.5 in October 2017.
- Air cargo tonnage increased by 7.1%, from 160,530.6 in September 2016 to 171,944.0 in September 2017.
- The Chicago Business Barometer (Purchasing Managers Index) increased from 50.6 in October 2016 to 66.2 in October 2017.
These and other trends are illustrated in this month’s Chicago by the Numbers.