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Chicago's Manufacturing Sector Faces Shrinking Demand, Job Cuts

Specialized Space Leans Into Engineering Facilities With More Automation, Job Losses Ahead
Once home to over 5,000 workers, Stellantis' Belvidere plant is temporarily closed. Its future at present is unknown. (CoStar)
Once home to over 5,000 workers, Stellantis' Belvidere plant is temporarily closed. Its future at present is unknown. (CoStar)
CoStar Analytics
May 24, 2023 | 8:51 P.M.

Chicago’s principal strengths, including its diverse economy, strong infrastructure and popularity among recent college graduates, are what keep investors and employers interested in planting their stakes in the Midwest’s largest economic outpost. In fact, 78% of Chicago’s job sectors recorded employment gains over the past five years, while another 55% of all sectors experienced both five-year and year-over-year employment growth.

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