Media Contact: Karley Sweet | 312.553.4658 | ksweet@WorldBusinessChicago.com

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Today, the Illinois Department of Employment Security (IDES) released preliminary June 2014 unemployment rates for municipalities across the state.

Seasonally adjusted real average hourly earnings were unchanged from May to June; the result of a 0.2 percent increase in average hourly earnings that was offset by a 0.3 percent increase in inflation (as measured by the Consumer Price Index for All Urban Consumers).

Latest monthly tourism statistics including hotel and air passenger trends for Chicago. 

The Chicago Metro Area Consumer Price Index for All Urban Consumers (CPI-U) increased from 229.61 last month to 230.48, meaning goods and services that cost $100.00 in the 1982-84 base period cost an additional $130.48 in June 2014.

This morning, the Illinois Association of Realtors (IAR) reported that residential sales in the city of Chicago rose 1.2 percent year-over-year with 2,761 sales in June 2014 compared to 2,729 in June 2013.

World Business Chicago’s 2013 annual report showcases a year of growth and transformation for WBC and a notable year for business and economic development throughout the region.

Chicago Mayor Rahm Emanuel and Medacta USA President Eric Dremel recently announced the official opening of Medacta USA’s new headquarters in Chicago.

 

The first two groups of companies chosen to participate in Chicago Anchors for a Strong Economy (CASE) recently completed the program, a key initiative of World Business Chicago’s (WBC) Plan for Economic Growth and Jobs. The capacity building program is designed to offer selected companies critical business consulting and training to successfully compete for contracts at Chicago’s leading “anchor” institutions – hospitals, universities, cultural institutions and corporations. CASE is a network of local anchor institutions committed to putting their purchasing power to work to accelerate growth.

 

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, freight demand, and auto and truck sales.

This morning, the Bureau of Labor Statistics (BLS) released May 2014 figures from its Job Openings & Labor Turnover Survey (JOLTS), which tracks job openings, hires, and separations (quits, layoffs and discharges, and other separations including retirement).

This morning, the US Bureau of Labor Statistics (BLS) released preliminary May 2014 unemployment rates for all Metropolitan Statistical Areas (MSAs). The unemployment rate measures the percentage of the local workforce that reports itself as being out of work, information that the government collects by surveying households.

The Federal Reserve Bank of Chicago released May 2014 figures for its Midwest Economy Index (MEI), a weighted average of 129 indicators designed to measure nonfarm business activity in the Midwest (IL, IN, MI, WI, IA).

Today, the Illinois Department of Employment Security (IDES) released preliminary May 2014 unemployment rates for municipalities across the state.

April 2014 values for Standard & Poor's Case-Shiller Home Price Index, which tracks the prices of existing single-family homes in 20 MSAs and two composite indices.

This morning, the Illinois Association of Realtors (IAR) reported that residential sales in the city of Chicago fell 15.7 percent year-over-year with 2,390 sales in May 2014 compared to 2,834 in May 2013.

Latest monthly tourism statistics including hotel and air passenger trends for Chicago. 

Seasonally adjusted real average hourly earnings fell 0.2 percent from April to May; the result of a 0.2 percent increase in average hourly earnings that was offset by a 0.4 percent increase in inflation (as measured by the Consumer Price Index for All Urban Consumers).

The Chicago Metro Area Consumer Price Index for All Urban Consumers (CPI-U) decreased from 229.85 last month to 229.61, meaning goods and services that cost $100.00 in the 1982-84 base period cost an additional $129.61 in May 2014.

Chicago recently welcomed prominent business delegations from Mexico and China. By hosting these leaders, Chicago aims to boost the city’s international profile, building its ties and sharing best practices in order to increase investment and jobs. Both visits serve as templates for how Chicago will continue to use its sister city relationships to accelerate growth and drive its position in the global economy.

U.S. Secretary of Commerce Penny Pritzker recently announced that Chicago is among the first 12 communities to be designated Manufacturing Communities as part of the federal Investing in Manufacturing Communities Partnership initiative.

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