Overall unemployment rate moved down to 4.4% with the biggest shift in Government, which gained 21,000 roles, based on the most recently available information published in November 2022.

Total employment in the Chicago-Naperville-Elgin, IL-IN-WI market declined by 35,762 jobs in September and the unemployment rate decreased compared to the prior month by 50 bps to 4.4%. The national unemployment rate decreased by 47 bps over the same time to 3.3%.

  • Chicago-Naperville-Elgin, IL-IN-WI unemployment rate is 108 bps above the national rate which is a negative sign.
  • Unemployment in the market is 70 bps below the unemployment rate in the market last year at this time, which is a positive.
  • Average wages (per hour) grew in September versus prior month by 2.6% 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 September 2022

For key employment segments of the market, total jobs stayed flat. Key sectors include:

  • Transportation & Utilities: 963,700; -4,800
  • Business Services: 858,500; -2,600
  • Education & Healthcare: 733,900; +13,100
  • Government: 538,700; +21,000
  • Restaurants & Hotels: 471,800; -21,000
  • Manufacturing: 412,400; -2,300
  • Financial Services: 317,400; -900
  • Construction, Mining: 193,300; -2,000
  • Other Jobs: 188,300; -1,000
  • IT & Development: 78,100; +100
Chicago-Naperville-Elgin, IL-IN-WI Unemployment by Industry September 2022

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

Note: All reported data is not seasonally adjusted.