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Downtown Dominates in Chicago-Area Jobs Growth
The big growth story in Chicago-area employment since the recession ended has been downtown, according to a Crain’s Chicago Business analysis of newly-released Illinois Department of Employment Security data. Between March 2010 and March 2018, CBD employment grew by 133,715 jobs, or 27.9%—double the metro area’s pace and the fastest since World War II.
Downtown’s jobs dominance also extends to nearer-term growth. Over the 12 months that ended in March, the CBD’s employment grew by 3.25%. That compares to 1.5% for the city of Chicago overall, and 1.1% for the region during the same time period.
Other areas of the Chicago region have also fared well. Private-sector employment grew by 3.1% year over year in Will County, and by 2.9% in Lake County.
However, Cook County outside of Chicago managed only 1.1% Y-O-Y employment growth. Outside of downtown, the city’s employment overall has declined in the past year.
For comments, questions or concerns, please contact Paul Bubny
- ◦Economy
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