An indicator of economic activity in Illinois continues to climb.
The University of Illinois Flash Index for June increased to 106.0, up from 105.3 in May. Any reading above 100 is a sign of economic growth in the state. The number is based on factors including tax revenues and individual and corporate earnings. Economists at the U of I note the state isn’t out of the woods yet, pointing to an unemployment rate that remains a full percentage point higher than the national average.
But jobless claims are slowly declining, with around 20,000 new claims in the past week, down 12-percent from the week before.
Comments