News

Illinois Economy Grows Slowly in January

Illinois Economy Grows Slowly in January

Photo: clipart.com

By one measure, Illinois’ economy keeps growing.

University of Illinois economics professor Fred Giertz takes the corporate earnings, consumer spending, and personal income, and comes up with the monthly Flash Index, ending January at 107.2, up from 107 even a month earlier.

“107 means the economy is growing pretty well,” says Giertz. “It seems to be the same story almost every month. The economy is growing, but we’re not growing as fast as the rest of the country. The unemployment rate is coming down, but it’s still quite a bit higher than almost every other state.”

The gross domestic product, Giertz says, is moving just enough to try to keep the jobless numbers down, and that unemployment rate is going down, but is still higher than the national average.

Recent Headlines

in Entertainment

This weekend in entertainment history

elvis

A look at the Hollywood headlines that went down in history.

in Trending, Viral Videos

TODAY’S MUST SEE: Kids react to a realistic Barbie doll

19-overlay3

The Lammily doll wants to show children that average is beautiful.

in Entertainment

Amazon plans new streaming service

amazon

The new service will compete with Hulu and Netflix.