Overall unemployment rate stayed flat at 4.8% with the biggest shift in Government, which lost 13,200 roles, based on the most recently available information published in August 2022.

Total employment in the Chicago-Naperville-Elgin, IL-IN-WI market declined by 12,394 jobs in July and the unemployment rate stayed flat. The national unemployment rate decreased by 5 bps over the same time to 3.8%.

  • Chicago-Naperville-Elgin, IL-IN-WI unemployment rate is 102 bps above the national rate which is a negative sign.
  • Unemployment in the market is 210 bps below the unemployment rate in the market last year at this time, which is a positive.
  • Average wages (per hour) grew in July versus prior month by 3.5% and are up compared to last year at this time in the market.
Month over Month Unemployment Change
Year over Year Unemployment Change
Chicago-Naperville-Elgin, IL-IN-WI Unemployment July 2022

For key employment segments of the market, total jobs grew by 0.1% . Key sectors include:

  • Transportation & Utilities: 964,500; +3,600
  • Business Services: 861,200; +4,100
  • Education & Healthcare: 719,000; -6,900
  • Government: 522,200; -13,200
  • Restaurants & Hotels: 492,300; +8,500
  • Manufacturing: 417,600; +5,000
  • Financial Services: 319,000; +4,100
  • Construction, Mining: 195,800; +1,400
  • Other Jobs: 189,900; +700
  • IT & Development: 78,700; -700
Chicago-Naperville-Elgin, IL-IN-WI Unemployment by Industry July 2022

Data is based on the most recent 12 months available, through July 2022 (Data published August 2022 and reports created on September 2, 2022).  Source: Government data agency and locally acquired statistics.

Note: All reported data is not seasonally adjusted.