A job search can always be an intimidating and frustrating task, but knowing the market will give you the edge that you need to secure the job that you’ve been looking for. Chicago is home to a vast number of industries including finance/business, health care, engineering, medication services, transportation and more.
Current Job Market
Currently the Chicago job market is growing faster than the rest of the United States. Between June 2018 and June 2019 the city added around 90,000 jobs with about 1.8% job growth per year. Two particularly strong industries at the moment are construction and manufacturing. With the job market constantly growing there is a developing need for office and residential buildings. A strong benefit of the construction industry is that it offers jobs in a wide array of positions including sales, management, legal affairs and more. Manufacturing has always been considered to be a staple in the city’s job market as it involves procurement, supply chain, engineering and sales and shows no sign of slowing down in the near future.
Recently, the Tech Industry has also seen a buzz in the Chicago area. Within the last year tech-related employment grew by nearly 6000 jobs, many of which are going to recent grads. Tech companies are looking for young graduates to provide a youthful spark within their companies. The highest employed positions were software and web developers, computer system and cybersecurity analysts, network architects and administrator and support specialists. Companies across industries are currently growing their tech teams especially within cybersecurity and looking for young grads with diverse skill sets to fill positions.
Good News for grads
There is more good news for recent grads as well. In an article posted by CBS Chicago, reporter Lisa Fielding states, “experts say the job market for soon-to-be grads is looking up. “What we’ve observed this year is that all indicators of hiring activity are up, which is really encouraging” said Northwestern University director of career services Lonnie Dunlap.” The article continues to state that many business-focused, engineering, journalism and communication jobs are seeing higher representation at job fairs and looking to recruit new talent. Although there is a high-demand for new grads, the competition for jobs is rising. There are many applicants that are not considered due to lack of preparation. For young grads making a decision on a career can be tough and many are eager to jump at any opportunity that arises, however, choosing a career is a decision that will last a lifespan and being prepared to make the best decision is key in landing the best job.
A 2019 figure shows that the average salary in the Chicago area is $54,160 outpacing the rest of the country with an average of $50,620. If you are looking for a job now is a great time if you are prepared to land the best position for you.
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