Chicago by the Numbers July 2016

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 9,650 jobs, a 0.8 percent year-over-year improvement since May 2016. This growth is mostly attributed to the leisure & hospitality (+3,956), retail (+2,992) and education & health (+1,865) sectors.
  • The Chicago Business Barometer (Purchasing Manager Index) increased by 7.4 percentage points year-over-year from 49.4 in May 2015 to 56.8 in May 2016.
  • The number of patents issued in Chicago (city) increased by 14.8%, from 789 in June 2015 YTD to 906 in June 2016 YTD.
  • Venture capital investment in the Chicago area increased by 226.8%, from $110.5M in Q2-2015 to $ 361.3M in Q2-2016.

These and other trends are illustrated in this month’s Chicago by the Numbers.