Illinois Economic Review - September 2016

October 12, 2016

Illinois Economic Review - September 2016

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Highlights from the September 2016 Illinois Economic Review, published by the Regional Economics Applications Laboratory:

  1. Illinois lost jobs at a rate higher than the rest of the U.S.
  2. By July 2016, Chicago had recovered 380,400 jobs or 135.39% to all the jobs it lost during the recession.
  3. The 12-month forecast shows that Illinois is likely to experience an employment increase between 5,800 and 13,500. The greatest increase is likely to occur in the Professional and Business Services sector (17,500 more jobs), while the largest decline would happen in Manufacturing (21,400 fewer jobs).
  4. The state of Illinois now has a net gain of 23,500 jobs since the beginning of the recession in December 2007. Given Illinois' ecnomic performance of late, recovery to the prior peak (adjusted for changes in labor force participation and population growth) recorded in 2000 within five years would seem feasible.

 

 

 

 


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Research Area: Economic Policy

Policy Initiative: Illinois Economic Review

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