Chicago has recovered 41% of its lost jobs from the nadir of the pandemic. This corresponds to a net decline of 7.5% from the previous peak of Q1 2020 which ranks it 41st of the largest 51 metros and below the US net decline of 5.6%. Chicago is expected to see job growth of 2.4% in 2021, 4.4% in 2022 and is expected to recover all of its lost jobs in Q1 2024. Looking medium term, Chicago is expected to see average annual job growth of 0.3% from 2022 to 2025 which ranks 42nd of 51 metros.
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