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.