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 Music

Journey drummer Castronovo charged with rape

Fresh
deencastrono

The rocker also faces charges including assault and menacing and is being held without bail in an Oregon jail.

in Entertainment

Men bring the moves, but ladies take charge in ‘Magic Mike XXL’

Fresh
14-overlay11

The film, which hits theaters July 1, follows 2012's surprise hit with Channing Tatum rejoining the Kings of Tampa, his rogue band of male entertainers.

in Entertainment

EL James takes ‘Fifty Shades’ of heat during Twitter Q&A

eljames

#AskELJames backfired in terrific style because of course it did.