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Chicago Executive Airport Economic Impact Study–2007 Page 2-3 Exhibit 2-3 Industry Employment (2006) Chicago Executive Airport Economic Impact Study Study Area State of Industry Cook Lake Subtotal Illinois Total Private Sector 2,224,051 289,669 2,513,719 5,021,458 Agriculture, Forestry, Fishing & Hunting 553 na 553 15,877 Mining 919 na 919 10,156 Construction 96,864 17,982 114,846 278,318 Manufacturing 245,100 50,083 295,183 683,877 Wholesale Trade 115,911 21,971 137,882 308,803 Retail Trade 239,224 42,891 282,115 623,426 Transportation & Warehousing 117,557 4,708 122,265 221,684 Utilities 4,109 469 4,578 23,080 Information 59,172 4,520 63,692 116,638 Finance & Insurance 171,131 17,057 188,188 314,484 Real Estate & Rental & Leasing 48,102 4,043 52,145 85,076 Professional, Scientific & Technical Services 201,035 21,703 222,738 358,157 Management of Companies & Enterprises 46,966 7,725 54,690 94,776 Administrative & Waste Services 186,100 25,799 211,899 403,551 Educational Services 70,905 5,699 76,604 115,220 Health Care & Social Assistance 290,062 26,928 316,990 635,840 Arts, Entertainment & Recreation 34,979 7,568 42,547 83,071 Accommodations & Food Services 196,626 21,562 218,188 445,708 Other Services 94,829 8,670 103,499 196,729 Unclassified 3,905 291 4,196 6,988 Source: Illinois Department of Employment Security: LMI Source, Quarterly Census of Employment and Wages (ES 202) Exhibit 2-4 depicts the industrial location quotient for the study area and is sorted by decreasing industrial concentrations. Service industries are heavily concentrated in the study area as educational services, professional, scientific, and technical services, financial and insurance services, information services, other services, and administrative and waste services all have location quotients greater than 1, at 1.33, 1.24, 1.20, 1.09, 1.05, and 1.05, respectively. Real estate, company management, transportation and warehousing, and arts, entertainment, and recreation industries are also concentrated industries in the study area relative to Illinois. Those three industries that are very ill concentrated in the two counties study area are the utilities, mining, and agricultural, forestry, and fishing industries. Wilbur Smith Associates November 2007
Chicago Executive Airport Economic Impact Study–2007 Page 2-4 Exhibit 2-4 Industrial Location Quotient based on Employment (2006) Chicago Executive Airport Economic Impact Study Study Area Industry Cook Lake Subtotal Educational Services 1.39 0.86 1.33 Professional, Scientific & Technical Services 1.27 1.05 1.24 Real Estate & Rental & Leasing 1.28 0.82 1.22 Unclassified 1.26 0.72 1.20 Finance & Insurance 1.23 0.94 1.20 Management of Companies & Enterprises 1.12 1.41 1.15 Transportation & Warehousing 1.20 0.37 1.10 Information 1.15 0.67 1.09 Other Services 1.09 0.76 1.05 Administrative & Waste Services 1.04 1.11 1.05 Arts, Entertainment & Recreation 0.95 1.58 1.02 Health Care & Social Assistance 1.03 0.73 1.00 Accommodations & Food Services 1.00 0.84 0.98 Retail Trade 0.87 1.19 0.90 Wholesale Trade 0.85 1.23 0.89 Manufacturing 0.81 1.27 0.86 Construction 0.79 1.12 0.82 Utilities 0.40 0.35 0.40 Mining 0.20 na 0.18 Agriculture, Forestry, Fishing & Hunting 0.08 na 0.07 Source: Illinois Dept. of Employment Security: LMI Source, Quarterly Census of Employment and Wages (ES 202) Unemployment Rate – The annual average adjusted unemployment rates for the United States was 4.6% in 2006. Illinois unemployment rate of 4.5% is just slightly below the national rate. Lake County’s unemployment rate of 4.2% is below both the national and state unemployment rates, and Cook County’s at 4.7% is slightly higher. Weighted more heavily by greater employment in Cook County than Lake County, the two counties study area exhibited a 4.6% rate, equal to the national rate and slightly higher than the state rate. 2.3 Income Average earnings, by industry in year 2006, are higher within the two county study area than in the State of Illinois as a whole for all industries with the exception of farming, see Exhibit 2-5. Total average earnings across all industries are just over $60,500 and $51,100, respectively. Wilbur Smith Associates November 2007
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