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Preliminary December unemployment rates for Chicago and other Metropolitan Statistical Areas (MSAs).

Preliminary December unemployment rates for Chicago and other Metropolitan Statistical Areas (MSAs).

The MEI increased to +0.09 in December from -0.13 in November, indicating a increased pace of growth; economic activity levels exceeded historical trend values for the first time in five months.

The Chicago Fed Midwest Manufacturing Index (CFMMI), an index of manufacturing output based on hours worked in major industries in the Midwest region (IL, IN, IA, MI, WI), increased in December.

The Chicago Fed National Activity Index (CFNAI), a measure of how the national economy is faring relative to its historical trend rate, increased to +0.17 in December, and the 3-month moving average (MA3) increased to -0.08.

Data from the Illinois Association of Realtors on residential sales volume and median prices in the City of Chicago, surrounding 9-county area, and state of Illinois.

The Bureau of Labor Statistics (BLS) released December 2011 figures for Real Earnings, an indicator that reflects components of consumers’ buying power.

December 2011 Consumer Price Index figures (Bureau of Labor Statistics)

Figures for the Midwest region from the Job Openings & Labor Turnover Survey, which tracks job openings, hires, and separations (quits, layoffs and discharges, and other separations including retirements).

Preliminary November unemployment rates for Chicago and other Metropolitan Statistical Areas (MSAs).

Mayor Rahm Emanuel and ComEd President and COO Anne Pramaggiore announced key elements of a $1.1 billion electric system infrastructure investment plan that would modernize ComEd’s electric system and create more than 2,400 jobs for Chicago.

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Events

2012 World Summit of Nobel Peace Laureates April 23, 2012 - April 25, 2012

Chicago will host the 12th World Summit of Nobel Peace Laureates in April 2012. The World Summit is internationally recognized as among the most important annual events in the field of peacemaking, attracting Nobel Peace Laureates and hundreds of international high-profile leaders and organizations. Chicago is the first North American city to host the global peace summit.

G8 NATO Summit Chicago 2012 May 18, 2012 - May 21, 2012

Leaders from around the world will gather in Chicago this spring for two diplomatic summits hosted by President Barack Obama. The G8 and North Atlantic Treaty Organization (NATO) will hold back-to-back meetings in Chicago from May 18-21, allowing the city to highlight its economic vitality, its arts and architecture, and its can-do spirit.