Tag Archives: unemployment

Fast facts on Chicago’s educated workforce

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More classes are in session than ever in Chicago. The share of Chicagoans over age 25 with bachelor’s degrees or higher leapt from 29.3 percent in 2006 to 36.4 percent last year, with the sharpest increase starting in 2011. That share is significantly higher in the CBD, with nearly 80 percent of the population holding undergraduate and graduate degrees.

educated workforce

Chicago’s hike was larger than any of the country’s four other most populous cities—New York, Los Angeles, Houston and Philadelphia—and more than twice the 4.3 percent national increase.

educated workforce

Let’s look at some major demographic forces at play in the development of the CBD’s well-educated, diverse and skilled labor force.… Read More

Chicago Office Employment Update

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JanuaryUnemployment

The U.S. economy added another 113,000 jobs in January, representing a second consecutive month of below-average payroll growth. Unemployment fell by 10 basis points, reaching a recovery low of just 6.6 percent.

Although gains have not consistently met or exceeded the 200,000-job monthly threshold for sustained expansion, growth has been broadening in both industry and geography.… Read More