News

Illinois Economic Index Shows Growth

Illinois Economic Index Shows Growth

Photo: Newsradio WTAX

A University of Illinois index shows the state’s economy continues to grow as it bounces back from the harsh winter.

The university’s Institute of Government and Public Affairs said Friday that its U of I Flash Index rose slightly in July to 106.2. Any reading above 100 indicates growth. The index has been at or close to 106 for four months.

Economist Fred Giertz compiles the index using corporate earnings, consumer spending and personal income data. He said the question now is whether the momentum will continue through the year.

Illinois’ economy has shown signs of strength over the past few months. Unemployment fell to 7.1 percent in July. That’s still a full percentage point above the national average but the lowest point for Illinois’ unemployment rate since 2008.

 

Recent Headlines

in Music

Led Zeppelin plagiarism case to be heard in Pa.

Fresh
2012 Kennedy Center Honorees and members of the band Led Zeppelin, from left, Jimmy Page, John Paul Jones, and Robert Plant chat on the red carpet after arriving at the Kennedy Center for the Performing Arts for the 2012 Kennedy Center Honors Performance and Gala Sunday, Dec. 2, 2012 at the State Department in Washington.

Led Zeppelin have lost the first round in their plagiarism battle over mega-hit "Stairway to Heaven."

in Entertainment

Jay Leno is the funniest man in America

jayleno

The former "Tonight Show" host received the Mark Twain Prize for American Humor at the Kennedy Center Honors.

in Entertainment

REVIEW: Too familiar ‘Fury’ misses glory

This photo released by Sony Pictures Entertainment shows Brad Pitt as Wardaddy in a scene from "Fury."

Brad Pitt is fantastic, but Fury can't go out in the blaze of glory it aimed for.