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

11 hours ago in Local

Granite City Man Convicted of Murder in 21-Month Old’s Death

gavel2

A Madison County jury deliberated for three hours Friday before finding 42-year-old John Holman III guilty.

11 hours ago in Local

North Mac Elementary School Evacuated After Strange Odor was Detected

school house clip art

No gas or carbon monoxide leaks were detected but a new temperature control system was installed in the building.

22 hours ago in Local

Lawmakers Honor Lincoln at Lincoln’s Tomb

2-12-16 Lincoln Tomb

Senator Dick Durbin, a Democrat, says a Republican like Abraham Lincoln is still someone for which we should place great honor.

23 hours ago in Local

Grant Encourages Better Farm Conservation

farm

If you're a farmer in the 21st Century, you're probably hearing about - if not practicing - "precision farming." And that extends to conservation practices, too.

1 day ago in Local

Rauner to Close Juvenile Prison

juvenile justice

Gov. Bruce Rauner's administration says it will close the youth correctional facility in Kewanee, near Peoria and the Quad Cities.