Thursday, February 20, 2014

Chicago Doing So Well That….13,000 Professionals and Executives Left the City

The Chicago Daily Observer reports from Crain's :
As the Great Recession churned job prospects for many, Cook County lost about 13,000 residents with six-figure household incomes to other places, despite the widely hyped revival of downtown housing and jobs.

Between 2007 and 2011, Chicago and its immediate suburbs also ended up with about 10,000 fewer residents with a bachelor’s degree or higher, even after accounting for new arrivals, according to the U.S. Census Bureau’s first attempt to track population shifts by income and education at the county level.
No word yet on this story from Cook County Democrats who claim that life is better in a high tax, high unemployment place .