Highlights from the Federal Reserve Board “Beige Book” on economic activity in the Chicago-based 7th District
Last week, the Federal Reserve Bank of Chicago released October 2013 figures for its Midwest Economy Index (MEI). The MEI is a weighted average of 129 indicators designed to measure nonfarm business activity in the Midwest (IL, IN, MI, WI, IA) and is a regional counterpart to the Chicago Fed National Activity Index (CFNAI).
This week nearly 49,000 medical professionals will converge on McCormick Place for the 99th Scientific Assembly and Annual Meeting of the RSNA.
October 2013 figures for the Chicago Fed National Activity Index (CFNAI), a measure of how national economy is faring relative to its historical trend rate.
September 2013 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.
Company to bring roughly 100 jobs from Wisconsin to new downtown location
Data from the Bureau of Labor Statistics describing Job Openings & Hiring Activity in the Midwest.
Seasonally adjusted real average hourly earnings rose 0.2 percent from September to October; the result of a 0.1 percent increase in average hourly earnings that was magnified by a 0.1 percent decrease in inflation (as measured by the Consumer Price Index for All Urban Consumers).
This morning, the Illinois Association of Realtors (IAR) reported that residential sales in the city of Chicago rose 7.5 percent over last year with 2,231 sales in October 2013 compared to 2,076 in October 2012.
The Chicago Metro Area Consumer Price Index for All Urban Consumers (CPI-U) decreased from 225.16 last month to 224.42, meaning goods and services that cost $100.00 in the 1982-84 base period cost an additional $124.42 in October 2013.
The conference brings together 250 corporate and political leaders for high level conversations about market conditions and the prospects for growth across entire industries in the year to come.
Agreement to increase tourism, expand exports and facilitate university partnerships between the two cities.
September 2013 figures for the Chicago Fed National Activity Index (CFNAI), a measure of how national economy is faring relative to its historical trend rate.
Exceeds Initial 2013 Job Estimate by Hundreds as a Part of Company’s Expansion into New Merchandise Mart Space, Adding Formerly Unemployed Workers Through Partnership with Skills for Chicagoland’s Future
Last week, Chicago Mayor Rahm Emanuel and Gogo president and CEO Michael Small announced that Gogo, the world leader in in-flight connectivity, will move its corporate headquarters and commercial aviation business to 111 N. Canal St. in Chicago.
Last month, more than 17,000 water quality professionals from around the world convened in Chicago for the Water Environment Federation’s Annual Technical Exhibition and Conference at McCormick Place. Chicago Mayor Rahm Emanuel had the unique opportunity to address the group and announced $50 million of water infrastructure spending to improve green stormwater management in the city.
Companies – both global and domestic – continue to locate and expand in Chicago to take advantage of all the city has to offer, including its tremendous talent pool and access to the world.
World Business Chicago tracks indicators from month to month to gauge the strength of several aspects of Chicago’s regional economy, including employment in major sectors, residential and office real estate data, price and purchasing indexes, freight demand, and auto and truck sales.
Pritzker discusses Obama administration's efforts to strengthen the economy and create jobs, U.S. business climate