Search
 

Chicago Office, Tourism Pick Up Pace

CHICAGO—Employment in the city's professional and business services rose by 1.7% year-to-date, the largest growth for the period of any non-farm industry.

By Brian J. Rogal | Updated on July 22, 2014

CHICAGO—The national economy seems to have gotten a bit of a spring back in its step after inclement weather caused a deterioration earlier in the year, and the Chicago region has also shown strength recently, especially in office jobs, according to MBRE’s second quarter report.

“As of the June 2014 release of the US Bureau of Labor Statistics census, the national unemployment rate had fallen to 6.1%,” the company’s report notes. “A 60 bp drop from last quarter, unemployment now sits at the lowest level since September of 2008.” The US economy has added more than 200,000 jobs a month for the past five months, a record of consecutive job growth not seen since the 1990s.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.