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. Note: employment data refers to payroll job estimates for the city of Chicago and is not adjusted for seasonality.
Key trends include:
- The Chicago (city) economy has expanded by an estimated 18,680 jobs year-over-year, an improvement of 1.5% since February 2016. This growth is driven by absolute gains in Financial Activities (+6,578 jobs), Education and Health Services (+4,357), and Construction (+2,680).
- Venture capital rounds and investment increased YOY in Q1 2017, with 26 rounds and $243.3 million invested, compared to 22 rounds an $217.5 million invested in Q1 2016.
- Air cargo tonnage at O’Hare and Midway airports increased by 9.1% YOY in February 2017.
These and other trends are illustrated in this month’s Chicago by the Numbers.