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Economic Perspectives, 14, No. 2, March 1990
Chicago's economy: Twenty years of structural change
The Chicago economy experienced a dramatic structural change during the last decade, making the 1980s very different from the 1970s. The most extreme changes took place in the Chicago labor market. In the post-World War II period, up to the last decade, manufacturing had been Chicago's major employer. However, in 1980, employment in services' matched and subsequently surpassed employment in manufacturing.? Between 1970 and 1987, the Chicago economy lost close to a quarter of a million manufacturing jobs, a striking loss by any standards.


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