News Item
12.23.2015
Local Employment Trends November 2015
- The city of Chicago posted a preliminary unemployment rate of 5.8% before seasonal adjustment – this is down 0.7 percentage points from the November 2014 rate of 6.5% and the lowest November rate since 2006.
- Unemployed Chicago residents dropped by 10,044 compared to the year prior (from 88,895 to an estimated 78,851 in November 2015).
- The Chicago (city) economy has expanded by an estimated 15,073 private jobs since November 2014, mostly attributed to professional and business services (+7,710) and educational and health services (+6,072) industries.
- The number of employed Chicago (city) residents decreased by 4,401 compared to the year prior (from 1,280,100 in November 2014 to an estimated 1,275,699 in November 2015).
Chaired by Mayor Rahm Emanuel, World Business Chicago is the public-private partnership leading the Plan for Economic Growth and Jobs in order to drive business development, cultivate talent, and put Chicago at the forefront of the global economy.
WBC’s “Economic Briefs” track indicators from month to month to gauge the strength of several aspects of Chicago’s economy, including unemployment, population, venture capital, job openings and new hires, home sales, tourism, etc. This data provides a clear analytic framework for specific Plan strategies and initiatives. For a summary of these and other economic indicators, refer to WBC’s monthly Chicago By The Numbers.
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