Chicago region grows faster in December and points to still-vigorous U.S. economy
The economy of the greater Chicago region grew a bit faster in December despite new stress caused by the omicron strain of the coronavirus that causes COVID-19.
The region’s economy is still quite robust. Any reading above 50 signals growth, and numbers above 60 are considered exceptional. The one negative: Employment fell again to the lowest level since June, reflecting an ongoing labor shortage in the U.S. that’s making it harder for companies to operate.Read: Jobless claims fall to 198,000 and stick near 52-year low. Businesses shun layoffs amid labor shortage
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