Local Employment Trends August 2015

• The city of Chicago posted a preliminary unemployment rate of 6.4% before seasonal adjustment – this is down 1.2 percentage points from the August 2014 rate of 7.6%.
• The number of employed Chicago (city) residents increased by 13,153 compared to the year prior (from 1,273,010 in August 2014 to an estimated 1,286,163 in August 2015).
• Unemployed Chicago residents dropped by 17,184 compared to the year prior (from 105,020 to an estimated 87,836 in August 2015).
• The Chicago (city) economy has expanded by an estimated 11,888 private jobs since August 2014, mostly attributed to the Professional and Business Services (5,812), Education and Health Services (5,322), and Transportation, Warehousing, and Utilities (2,090) industries.

The table below compares year-over-year change in jobs by industry for the city of Chicago. Data is not seasonally adjusted.

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.