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:
- Unemployment insurance claims in Cook County decreased by 6.4%, from 15,653 in April 2016 to 14,645 in April 2017.
- The Chicago (city) economy has expanded by an estimated 11,686 jobs year-over-year since April 2016. This growth is driven by absolute gains in Financial Activities (+5,285 jobs), Education and Health Services (+4,353), and Information (+974).
- The Chicago (city) unemployment rate decreased by 1.9 points year-over-year to 4.7% in April 2017.
- Air cargo tonnage at O’Hare and Midway airports increased by 7% YOY in April 2017.
These and other trends are illustrated in this month’s Chicago by the Numbers.