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PETERSON INDUSTRIAL CORRIDOR

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Page 1: PETERSON INDUSTRIAL CORRIDOR - chicago.gov · All Chicago Jobs Industrial Jobs in Corridor Industrial Jobs in Quarter Mile Wage Growth Industrial Job CAGR 2010 (2010-2017 CAGR) 1,094

PETERSON INDUSTRIAL CORRIDOR

Page 2: PETERSON INDUSTRIAL CORRIDOR - chicago.gov · All Chicago Jobs Industrial Jobs in Corridor Industrial Jobs in Quarter Mile Wage Growth Industrial Job CAGR 2010 (2010-2017 CAGR) 1,094

2.6%

0.2%

5.0%

All Chicago Jobs

Industrial Jobs in Corridor

Industrial Jobs in QuarterMile

Employment Growth (2010-2017 CAGR)

1.8%

2.7%

0.8%

All Chicago Jobs

Industrial Jobs in Corridor

Industrial Jobs in QuarterMile

Wage Growth (2010-2017 CAGR)

1,094

1,040

1,004

867

734

19. Ravenswood

20. NorthwestHighway

21. Peterson

22. Knox

23. Elston /Armstrong

Industrial Jobs 2017 (Job Count & Rank of 26)

0.6%

0.4%

0.2%

0.0%

-0.2%

13. Little Village

14. Kinzie

15. Peterson

16. Elston / Armstrong

17. Stevenson

Industrial Job CAGR 2010-2017 (CAGR & Rank of 26)

$61,582

$61,144

$60,684

$60,642

$59,230

5. Kinzie

6. Ravenswood

7. Peterson

8. Stockyards

9. Stevenson

Industrial Wage 2017 (Average Wage & Rank of 26)

2.7%

2.7%

2.7%

2.5%

2.2%

5. Stockyards

6. Wright Business Park

7. Peterson

8. Northwest Highway

9. Addison

Industrial Wage CAGR 2010-2017 (CAGR & Rank of 26)

DATA SNAPSHOT: PETERSON INDUSTRIAL CORRIDOR

Page 3: PETERSON INDUSTRIAL CORRIDOR - chicago.gov · All Chicago Jobs Industrial Jobs in Corridor Industrial Jobs in Quarter Mile Wage Growth Industrial Job CAGR 2010 (2010-2017 CAGR) 1,094

1,3

12

1,4

42

1,4

82

1,3

75

1,1

33

1,2

43

1,3

17

1,3

40

1,3

53

1,4

09

1,3

76

1,1

86

1,2

04

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017

Corridor Employment Totals by Year $43,7

85

$46,5

04

$48,3

15

$46,2

88

$49,1

21

$49,3

23

$51,5

70

$47,8

49

$50,9

75

$5

5,8

34

$57,5

25

$57,9

39

$56,5

52

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017

Corridor Average Wage by Year

160

140

70

60

50

40

10

Printing

Coating / Engraving

HVAC MFG

Industrial Machinery MFG

Medical Equipment MFG

Cutlery / Handtool MFG

Machine Shops

Employment by Manufacturing Industry: Top 7

76,510

67,710

61,460

56,250

52,800

49,990

37,090

Industrial Machinery MFG

Printing

Coating / Engraving

Cutlery / Handtool MFG

Medical Equipment MFG

HVAC MFG

Machine Shops

Employment Wage by Manufacturing Industry: Top 7

Most Common Manufacturing Occupations in Corridor

Occupation Jobs Median

Wage Education

Heavy and Tractor-Trailer Truck Drivers 80 $48,890 Postsecondary

nondegree award

Laborers and Freight, Stock, and Material Movers, Hand 50 $29,090 No formal educational

credential

Printing Press Operators 40 $41,730 High school diploma or

equivalent

Assemblers and Fabricators, All Other, Including Team

Assemblers 30 $29,130

High school diploma or

equivalent

Machinists 30 $38,400 High school diploma or

equivalent

Plating and Coating Machine Setters, Operators, and

Tenders, Metal and Plastic 30 $29,720

High school diploma or

equivalent

Packers and Packagers, Hand 20 $27,600 No formal educational

credential

Construction Laborers 20 $67,050 No formal educational

credential

Light Truck or Delivery Services Drivers 20 $38,610 High school diploma or

equivalent

First-Line Supervisors of Production and Operating

Workers 20 $60,320

High school diploma or

equivalent

Page 4: PETERSON INDUSTRIAL CORRIDOR - chicago.gov · All Chicago Jobs Industrial Jobs in Corridor Industrial Jobs in Quarter Mile Wage Growth Industrial Job CAGR 2010 (2010-2017 CAGR) 1,094

Employment by Sector: 2005 – 2017

Sector 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 Change %Change

Goods Producing 625 630 612 617 446 499 532 533 545 562 565 549 533 -92 -14.7%

Industrial Related Services 446 512 531 495 435 505 517 508 516 571 527 444 490 44 9.9%

Office Related Services 209 263 288 230 219 220 251 279 275 255 263 177 163 -45 -21.7%

Education and Health Care Services 0 0 0 0 0 0 0 0 0 0 0 0 0 0 -

Retail, Hospitality and Entertainment Services 33 37 51 33 33 19 17 20 18 20 21 16 18 -15 -46.5%

Total Employment 1,312 1,442 1,482 1,375 1,133 1,243 1,317 1,340 1,353 1,409 1,376 1,186 1,204 -108 -8.3%

Total Employment

Employment by Sector

0

100

200

300

400

500

600

700

GoodsProducing

IndustrialRelatedServices

Office RelatedServices

Education andHealth CareServices

Retail,Hospitality andEntertainmentServices

0

200

400

600

800

1,000

1,200

1,400

1,600