Study shows vast majority of new jobs in Illinois has been concentrated in Chicago area

A study released this week by RCF Economic & Financial Consulting tracked the new jobs created in Illinois since the official end of the most recent nationwide economic recession in December 2009. The figures show that 85% of the private-sector jobs created in Illinois in the 2010-16 period have been created in the Chicago area, with only 15% created in Downstate Illinois.

The RCF study indicates that in terms of total job numbers, the Chicago area has recovered from the 2008-09 recession. Employment dropped from 3.5 million in 2009 to under 3.2 million in early 2010, before beginning a recovery to just under 3.6 million jobs in late 2016. These figures indicate that Chicago’s employment is now at an all-time record high, with particular strength showed by specialized tertiary service sectors such as health care and financial consulting.

However, similar figures cannot be posted for the 96 counties of northern, central, and southern Downstate Illinois. After losing 106,000 positions in the 2008-09 recession, these regions of Illinois have recovered less than half of the jobs lost. Historically oriented towards manufacturing, Downstate Illinois remains locked in a jobs recession that is now almost one decade old.

No comments :