News

Flash Index Maintains Its Pace

Flash Index Maintains Its Pace

Illinois’ economy is in the slow lane, says the author of the University of Illinois Flash Index.

The measure of economic growth – or contraction – is a weighted average of personal income, corporate earnings, and consumer spending, with 100 the break-even mark between growth and contraction.

The Flash Index for June is at 106, down from 106.2 in May. It’s been stuck between 106 and 107.2 for the past year, says economics professor Fred Giertz.

“I think it’s partially an aftermath of the winter,” says Giertz. He also points to the second revision of the GDP, showing an unexpected decline in the nation’s economy in the first quarter.

As for which gubernatorial candidate would make Illinois’ economy better, “it is hard to argue that what is going on in the state has some bad effect … but people have to decide for themselves which of the candidates will bring us back. And, clearly, it’s not an easy task; if it were, we would already be improving.”

 

Recent Headlines

in Local

City Council Candidates Propose Pillsbury Solution

4-1-15 Pillsbury

The two candidates for Ward Four alderman in Springfield disagree on how important it is to do something with the former Pillsbury plant.

in Local

Springfield Aldermen Avoid Pension Fix

3-31-15 Springfield City Council

The Springfield City Council has essentially punted on eliminating a city retirement incentive that allows unused vacation and sick time to be counted toward their pension contribution.

in Local

Girl Found, Jail Escapee Still Wanted

jail

A 15-year-old girl who was thought to be with a man who escaped from a Kankakee jail Wednesday morning after allegedly beating a jailer has been found.

in Local

Davis Visits Clinton Power Plant, Talks Gifford Tornado

nuclear_plant

The nuclear power plant at Clinton is an important economic engine for Downstate Illinois, says U.S. Rep. Rodney Davis.

in Local

Illinois: 2,000 Legal for Medical Marijuana

marijuana

There are now officially 2,000 people in Illinois who will be allowed to use medical marijuana when it becomes available.