Job Postings on Indeed in Chicago-Naperville-Elgin, IL-IN-WI (MSA)
This dataset tracks job postings on indeed in chicago-naperville-elgin, il-in-wi (msa) over time.
Latest Value
94.12
Year-over-Year Change
-0.56%
Date Range
2/1/2020 - 2/14/2025
Summary
The 'Job Postings on Indeed in Chicago-Naperville-Elgin, IL-IN-WI (MSA)' trend measures the volume of job postings on the Indeed job board for the Chicago metropolitan area. This provides insight into labor market demand and the regional economy.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This index tracks the number of job postings in the Chicago metro region, which encompasses parts of Illinois, Indiana, and Wisconsin. It serves as a real-time indicator of hiring activity and employer confidence in the local job market.
Methodology
The data is collected directly from the Indeed job posting platform.
Historical Context
This trend is closely monitored by economists, policymakers, and businesses to gauge the strength of the regional labor market.
Key Facts
- The index is benchmarked to 100 in February 2020.
- Chicago MSA job postings peaked in June 2022 at 160% of the February 2020 level.
- The index fell to 145% of the pre-pandemic baseline as of December 2022.
FAQs
Q: What does this economic trend measure?
A: This trend measures the volume of job postings on the Indeed job board for the Chicago-Naperville-Elgin metropolitan statistical area (MSA).
Q: Why is this trend relevant for users or analysts?
A: This trend provides a real-time indicator of labor demand and hiring activity in the Chicago regional economy, which is relevant for economists, policymakers, and businesses.
Q: How is this data collected or calculated?
A: The data is collected directly from the Indeed job posting platform.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by economists and policymakers to gauge the strength of the regional labor market and inform economic policy decisions.
Q: Are there update delays or limitations?
A: The data is reported with a short delay, typically 1-2 months, and may be subject to revisions.
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Citation
U.S. Federal Reserve, Job Postings on Indeed in Chicago-Naperville-Elgin, IL-IN-WI (MSA) (IHLIDX16980), retrieved from FRED.