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Chicago Area Economic Summary (2022)

Chicago is one of the most important economic hubs of the country & the state Illinois as well.

Being one of the most populated cities of the U.S., it becomes very crucial to look at the city from various perspectives..like unemployment rates, consumer spending etc.

So, today this article is about the same. It provides you breif economic summary of Chicago area from different selected perspectives.

Table of Contents

Unemployment rates in Chicago Area (2022)

Area20212022
U.S.5.7%3.3%
Chicago Area6.7%4.1%
Cook County, IL7.7%4.5%
DuPage County, IL4.8%2.7%
Kenosha County, WI4.9%3.5%
Lake County, IN7.1%3.9%
Source: bls.gov

Average Weekly Wages By Counties in Chicago Area (2022)

CountyAverage Weekly Wage
Kenosha$1,100 or more
McHenry$1,100 or more
Lake$1,100 or more
Kane$1,100 or more
DuPage$1,100 or more
Cook$1,100 or more
Grundy$1,100 or more
Will$1,100 or more
Porter$1,100 or more
DeKalb$1,000 – $1,099
Newton$900 – $999
Jasper$900 – $999
Kendall$900 – $999
Source: bls.gov

Highest Employing Industry Sectors In Chicago Area (2022)

RankingIndustry SectorNumber of Employees
1.Trade, Transportation & Logistics947,000
2.Professional & bussiness services836,000
3.Education & Health Services729,000
4.Government532,000
5.Leisure & Hospitality435,000
6.Manufacturing409,000
7.Financial Activities 314,000
8.Other Services186,000
9.Construction 176,000
10.Information78,000
11.Mining & Logging1,900
Source: bls.gov

Chicago Area 12 Month Consumer Price Index Change (2022)

Serial NumberCategoryYoY change
1.Food10.5%
2.Energy27.7%
3.All Items7.2%
Source: bls.gov/ April 2022 data

Chicago Area Annual Spending by Sector (2022)

RankingSectorAnnual Spending (Chicago)Annual Spending
(U.S.)
1.Housing$23,757$21,043
2.Transportation $8,852$10,257
3.Food$8,750$7,744
4.Personal Insurance & Pensions$6,984$7,205
5.Healthcare$5,628$5,185
6.All Other Items$9,280$10,754
Source: bls.gov

Highest Paying Jobs In Chicago Area (2022)

Average hourly wages for selected occupations.

RankingOccupationHourly Wage (Chicago)Hourly Wage
(U.S.)
1.Securities, commodities, and financial
services sales agents
$44.16/hr44.84/hr
2.Registered Nurses$39.09/hr$39.78/hr
3.Market research analysts and
marketing specialists
$34.25/hr$36.58/hr
4.Machinists$24.63/hr$23.57/hr
5.Laborers and freight, stock, and
material movers, hand
$17.10/hr$16.80/hr
6.Stockers and order fillers$16.35/hr$15.87/hr
Source: bls.gov

Largest Companies Headquartered in Chicago (2022)

Largest companies headquartered in Chicago area by revenue. Walgreens is the biggest company headquartered in Chicago followerd by aerospace company, Boeing.

In total, Chicago has 36 of Fortune 500 companies.

RankingCorporationUS
1.Walgreens Boots Alliance17
2.Boeing24
3.Archer Daniels Midland45
4.Caterpillar74
5.United Airlines83
6.Allstate84
7.Exelon89
8.Mondelēz International109
9.AbbVie111
10.McDonald’s112
11.US Foods124
12.Sears Holdings127
13.Abbott Laboratories135
14.Conagra Brands197
15.CDW199
16.Illinois Tool Works202
17.Discover Financial277
18.Baxter281
19.W. W. Grainger282
20.LKQ Corporation304
21.Tenneco322
22.Navistar337
23.Univar338
24.Anixter359
25.RR Donnelley388
26.Jones Lang LaSalle391
27.Dover Corporation392
28.Tree House Foods427
29.Motorola Solutions433
30.Old Republic International439
31.Packaging Corporation of America450
32.Ingredion456
33.Arthur J. Gallagher462
34.Essendant487
Largest companies headquartered in Chicago Area by Revenue

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