Illinois Growth Continuing, But Slowly

Illinois Growth Continuing, But Slowly

Photo: Newsradio WTAX

The growth remains slow, says the author of the University of Illinois Flash Index.

Economics professor Fred Giertz says the measure of the state’s economy, considering personal income, consumer spending, and corporate earnings, shows growth continues to outpace contraction, though the index has slipped from 106.8 in February to 106.5 in March.

“The winter, obviously, was pretty harsh,” he said, “and it may be that there will be some pick-up after the spring starts. The decline might be just a weather-related sort of thing, but it’s not a major decline to begin with.”

Giertz points out Illinois’ unemployment remains stubbornly above the national rate by about 2 percentage points.

Recent Headlines

in Local

McMenamin Not Pleased with CWLP Plan


The Springfield City Council will vote Tuesday on a rate restructuring plan for City Water Light and Power to shore up the electric fund's debt.

in Local

Durbin: More Gun Control, Please


Dick Durbin is sounding a familiar tune.

in Local

Peorian Selected to Replace Peorian in Illinois Senate


Chuck Weaver is the man tapped by a committee made up of Republicans to replace Darin LaHood in Springfield

in Local

AAA: Springfield Enjoys Lowest Average Gas Prices in Illinois


The Pain at the Pump is less painful these days.

in Local

Illinois Schools Prepare for New Rating System

school test

The system will grade the schools and districts much like students taking a traditional classroom test are graded.