News

Good News: Economy Grows. Bad News: It’s Slow.

Good News: Economy Grows. Bad News: It’s Slow.

One of the state’s economic indicators shows slow growth. The Flash Index comes from the University of Illinois every month, averaging personal income, consumer spending, and corporate earnings.

With 100 the break-even between growth and shrinkage, the index has been at 106 or near that for months. The movement over the past month has been from 106.2 to 106 even.
What should be done, and who should be doing it?

“It’s beyond the control of any one person, any one institution,” says the index’s author, Fred Giertz, an economics professor at the UI at Urbana-Champaign. “There’s always moderate improvements. Illinois has the longstanding budget deficit to deal with. There’s not going to be an immediate impact.

“The rate of growth is not very rapid, and we still have this broader problem of bringing people back into the workforce.”

 

Recent Headlines

in Entertainment

Bruce Lee’s daughter developing new biopic

Fresh
brucelee

The "Enter the Dragon" star Lee died in 1973 at the age of 32.

in Trending, Viral Videos

TODAY’S MUST SEE: Dakota Johnson joins ISIS

Fresh
17-overlay

The "Fifty Shades of Grey" star hosted "SNL" this weekend and a sketch featuring her joining the terrorist group has sparked controversy.

in Entertainment

Today in entertainment history: March 2

beatles

A look back at some of Hollywood's most memorable stories.