Chicago Area Economic Summary
[Pages:2]Chicago Area Economic Summary
Updated December 01, 2021
This summary presents a sampling of economic information for the area; supplemental data are provided for regions and the nation. Subjects include unemployment, employment, wages, prices, spending, and benefits. All data are not seasonally adjusted and some may be subject to revision. Area definitions may differ by subject. For more area summaries and geographic definitions, see regions/economic-summaries.htm.
Unemployment rates for the nation and selected areas
Unemployment rates
Average weekly wages for all industries by county
Chicago area, second quarter 2021 (U.S. = $1,241; Area = $1,322)
United States
7.7 4.6
Chicago area
11.1 5.8
Cook Co., IL
13.5 6.7
DuPage Co., IL
8.9 4.2
Kenosha Co., WI
5.7 4.0
Lake Co., IN
9.2 5.7
0.0
5.0
10.0
15.0
Sep-20 Sep-21 Source: U.S. BLS, Local Area Unemployment Statistics.
Source: U.S. BLS, Quarterly Census of Employment and Wages.
Over-the-year changes in employment on nonfarm payrolls and employment by major industry sector
12-month percent changes in employment 15.0
10.0
5.0
0.0
-5.0
-10.0
-15.0 Oct-18
Oct-19
Oct-20
Oct-21
Chicago area
United States
Source: U.S. BLS, Current Employment Statistics.
Chicago area employment (number in thousands)
Change from Oct. Oct. 2021 2020 to Oct. 2021
Number Percent
Total nonfarm
4,560.0
136.9
3.1
Mining and logging
1.8
0.1
5.9
Cons tructi on
179.9
1.9
1.1
Ma nufa cturi ng
397.5
2.7
0.7
Trade, transportation, and utilities
947.5
32.4
3.5
I nforma ti on
71.1
-0.3
-0.4
Financial activities
318.4
2.1
0.7
Professional and business services
825.0
37.3
4.7
Education and health services
709.8
9.9
1.4
Leisure and hospitality
398.6
41.0
11.5
Other services
184.3
8.2
4.7
Government
526.1
1.6
0.3
Source: U.S. BLS, Current Employment Statistics.
Over-the-year change in the prices paid by urban consumers for selected categories
12-month percent change in CPI-U, October 2021
40.0
36.1
35.0
30.0
30.0
25.0
20.0
15.0
10.0
5.3 6.2
5.0
5.5 5.3
0.0 All items Chicago
Food
Energy
U.S. city average
Source: U.S. BLS, Consumer Price Index.
Over-the-year changes in the selling prices received by producers for selected industries nationwide
12-month percent changes in PPI
30.0
20.0
10.0
0.0
-10.0
-20.0
-30.0 Oct-18
Oct-19
Oct-20
Air transportation
Hospitals
Management consulting services
Source: U.S. BLS, Producer Price Index.
Oct-21
Average annual spending and percent distribution for selected categories
Average annual expenditures, United States and
Chicago, 2019-20
100% 80% 60%
$9,280 $5,628 $6,984 $8,750
$10,754 $5,185 $7,205 $7,744
40%
$8,852
$10,257
20%
$23,757
$21,043
0% Chicago
United States
All other items
Healthcare
Personal insurance & pensions
Food
Transportation
Housing Source: U.S. BLS, Consumer Expenditure Survey.
Average hourly wages for selected occupations
Occupation
All occupations Securities, commodities, and financial services sales agents
Chicago area
United States
$29.01 $27.07
46.57 46.41
Registered nurses
37.48 38.47
Market research analysts and marketing specialists
33.37 35.56
Machinists
21.90 22.98
Laborers and freight, stock, and material movers, hand
16.29 16.21
Stockers and order fillers
15.32 14.91
Source: U.S. BLS, Occupational Employment and Wage Statistics, May 2020.
Employer costs per hour worked for wages and selected employee benefits by geographic division
Private industry,
East North United
June 2021
Central (1)
States
Total compensation
$36.00 $36.64
Wages and salaries
24.93
25.89
Total benefits
11.07
10.76
Paid leave
2.55
2.70
Vacation
1.35
1.38
Supplemental pay
1.39
1.25
Insurance
3.03
2.79
Retirement and savings
1.44
1.25
Legally required benefits
2.66
2.77
(1) The states that compose the East North Central census division are: IL, IN, MI, OH, and WI. Source: U.S. BLS, Employer Costs for Employee Compensation.
Over-the-year changes in wages and salaries
12-month percent changes in ECI
5.0 4.5 4.0 3.5 3.0 2.5 2.0 1.5 1.0 0.5 0.0
Sep-18
Sep-19 Chicago area
Source: U.S. BLS, Employment Cost Index.
Sep-20 United States
Sep-21
Midwest Information Office ? BLSinfoChicago@ ? ? 312-353-1880
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