Lakeshore Analytics

Chicago area plagued by 8 straight months of job losses

The Chicago MSA has lost jobs for eight straight months, erasing all job gains since January 2010. The unemployment rate, at 10.4, is higher than it has been since April 2010. It is 1.3 percentage points higher than the U.S. unemployment rate. The size of the Chicago MSA labor force, which is the number of [...]

Job recovery could be 20-40 more months

It will likely take a total of 60 to 80 months for employment to recover from the recession, according to a new chart (above) from Moody’s. (We will attempt to re-create the chart for the Chicago region for the next Chicago Housing Quarterly). So far, we are just shy of 40 months from the start [...]

Little optimism on employment

The private sector added jobs in September, but this was more than offset by government job losses–including school districts declining to re-hire teachers for the school year. This is the fourth consecutive month of negative job growth, as the following chart from Moody’s (“Limping along,” Oct. 12) shows: The chart below, from the same article, [...]