Thursday, July 27, 2006

Brookings Study Says Chicago Area Is the Manufacturing Job Loss Leader In Great Lakes Region

The Brookings Institute reports that Chicago is number 1:
Total employment in metropolitan Chicago grew moderately before the 2001 recession,declined from 2000 through 2003,and rose again in 2004 and 2005.The region gained 346,000 jobs(an 8.2% percent increase)from 1995 through 2000.Despite recent gains,total employment fell by 109,900(2.4 percent)from 2000 through 2005.Over the entire period 1995-2005,the region gained 236,100 jobs(5.6 percent),well below the national growth rate.
Manufacturing employment declined almost continously since 1995,with the largest annual losses occurring in 2001 and 2002.The region lost 35,700 manufacturing jobs(a decline of 5.3 percent)from 1995 through 2000 and another 141,300(22.2 percent) from 2000 through 2005.The result was a loss of 177,000 manufacturing jobs(a 26.3 percent decline)over the entire decade,the largest total loss of all regions included in this analysis.
Brookings reminds us that the Detriot area lost 87,700 manufacturing jobs from 1995-2005.So,the Chicago area lost over 100% more manufacturing jobs than the Detriot area.How Mayor Daley can get positive spin about being some "great Mayor" while Kwame Kilpatrick is considered a failure is rather amazing.