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Illinois Economic Growth Steady, but Stagnant
Illinois Economic Growth Steady, but Stagnant

The Illinois economy continues to grow, but for the moment, that growth is not accelerating.

This is according to the University of Illinois Flash Index, a monthly assessment of the state’s economy, which now stands at 106.5, the same reading as a month ago.

Economist Fred Giertz says that stagnation not necessarily a bad thing. “Staying the same doesn’t mean the economy is not changing. It means the economy is changing in the same fashion and the same rate as previously, so in a way, then, this is relatively good news. It means the economy continues to expand,” he said.

It will take more expansion though, Giertz says, to make a dent in Illinois’ unemployment rate.

When the index hit 106.5 last month, it was the highest reading since a 106.7 figure in July 2007, pre-recession. Numbers over 100 indicate economic growth.