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Regional Economics Applications Laboratory
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02/05/2021 |
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05/15/2019 |
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05/31/2019 |
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07/01/2019 |
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Claudia Montanía successfully defended her Ph.D. dissertation at University of Extremadura
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3rd REAL-China Meeting at Nankai University
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Dr. Raquel Langarita received her PhD at the Universidad de Zaragoza
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Does proximity to school still matter once access to your preferred school district has already been secured?
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The U.S. Interstate Trade Will Overcome the Negative Impact of Climate Change on Agricultural Profit
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Transport infrastructure and the geography of foreign direct investments in Turkey
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The Impact of High-Speed Railway on Urban Growth: A Multi-Scale Spatiotemporal Approach
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Economic Crisis and Youth Unemployment in Europe: the Role of Regional Specialization Through a Spatial Quantile Approach
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The Impact of High-Speed Railway on Urban Growth: A Multi-Scale Spatiotemporal Approach
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Illinois Economic Review - Jan
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Illinois Job Index - Jan
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MSA Job Report - Jan
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Chicago Business Activity Index (CBAI) - Feb
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Illinois MSA Indices and Forecasts - Jan
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The Regional Economics Applications Laboratory focuses on the development and use of analytical models for urban and regional forecasting and economic development.
REAL Seminar Series - Spring 2021 |
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| NEXT SEMINAR: February 5th |
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When: Fridays, 12:00-1:00pmWhere: Via Zoom, join us herehttps://illinois.zoom.us/j/89043452822?pwd=N3pWV00xQmkraGhUeWJ6MUk0Z1dNdz09More Information and Schedule: On this page |
Christa D. Court
PhD. Assistant Professor, University of Florida"Estimating the Impacts of Natural Disasters on Production Agriculture" |
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- The 12-month forecast shows that Illinois is likely to experience an employment increase of 283,700 jobs by December 2021. The greatest increase is likely to occur in Trade, transportation & utilities (90,800 more jobs).
- The state of Illinois now has a net loss of 288,000 jobs since the beginning of the recession in December 2007.
See the full report (Released: 02/25/2021)
- Illinois lost 2,500 jobs in December 2020. The top three job-gain sectors were Construction (8,300 more jobs), Professional & business services (13,000 more jobs), and Trade, transportation & utilities (10,100 more jobs). The top three sectors that lost jobs in December in Illinois were Leisure & hospitality (40,900 less jobs), Information (1,300 less jobs), and Other services (800 less jobs).
- In December, Illinois’s official unemployment rate was 7.6% while its shadow unemployment rate was 15.9%. To bring the two rates together, in other words bringing down shadow unemployment rate to 7.6%, another 606,900 jobs need to be created.
- The Nation lost 140,000 jobs at a rate of 0.10% in December, compared with a revised 336,000-job gain in November 2020. The top three job-gain sectors were Professional & business services (161,000 more jobs), Trade, transportation & utilities (191,000 more jobs), and Construction (51,000 more jobs).
- The RMW lost 26,000 jobs in December after a 38,100-job gain in November 2020.
- The 12-month-ahead job recovery forecasts show that the future recovery rates in Illinois will increase for every sector except Information.
See the full report (Released: 02/25/2021)
- Illinois Rural area gained 14,900 jobs at 2.09% this month, compared to a revised 11,000-job gain in November 2020. At the same time, Metro lost 17,400 jobs at 0.35% in December compared to a revised 27,200-job loss in the previous month. Consequently, the 2,500-job loss in Illinois was mainly driven by mixed performances in all areas.
See the full report (Released: 02/25/2021)
- The Chicago Business Activity Index (CBAI) increased to 120.8 in December from 76.5 in November. The increase is mainly attributed to positive manufacturing and construction job growth, and an improvement in expected retail sales.
See the full report (Released: 02/15/2021)
- According to the forecast for November 2021, all MSAs are likely to perform better over this period than Chicago, however Kankakee will fare less well than Chicago.
See the full report (Released: 02/25/2021)
Regional Economics Applications Laboratory65-67 Mumford Hall 1301 W. Gregory Dr. Urbana, IL 61801 Phone: (217) 333-4740 |
Emeritus Director: Geoffrey J. D. Hewings (hewings@illinois.edu) Director: Sandy Dall'erba (dallerba@illinois.edu) |
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