R | E | A | L

The University of Illinois at Urbana-Champaign

Regional Economics Applications Laboratory

CALENDAR

Calendar

01/15/2019
22nd Annual Conference on Global Economic Analysis

Abstract submission deadline for the 22nd GTAP Conference in Warsaw, Poland
More Info


Calendar

01/18/2019
58th Southern Regional Science Association Meeting

Abstract submission deadline for the 58th SRSA in Arlington, VA
More Info


Calendar

01/21/2019
27th International Input-Output Conference

Abstract submission deadline for the 27th IIOA in Glasglow, UK
More Info




NEWS

News

Dr. Mark Brown at UIUC
11/16/2018

News

8th Asian Seminar in Regional Science
09/07/2018

News

Fall 2018 REAL Members - Research Info
08/13/2018

News

Andre F. T. Avelino received an Outstanding PhD Student Award from the Department of ACE
04/27/2018

News

Andre F. T. Avelino received an Academic Exelence Award from the Graduate College
03/12/2018

News

Dr. Norihiko Yamano received his PhD in the December Convocation cerimony
12/16/2017

News

REAL's 25th Anniversary
Wed, Nov 12th, 2014
Washington D.C.




PUBLICATIONS

Publications

Transport infrastructure and the geography of foreign direct investments in Turkey
Ozcan, I.
REAL 18-T-7

Publications

The Impact of High-Speed Railway on Urban Growth: A Multi-Scale Spatiotemporal Approach
Ozcan, I.
REAL 18-T-6

Publications

Economic Crisis and Youth Unemployment in Europe: the Role of Regional Specialization Through a Spatial Quantile Approach
Carrascal, A. and Gutierrez, D.
REAL 18-T-5

Publications

The Impact of High-Speed Railway on Urban Growth: A Multi-Scale Spatiotemporal Approach
Pan, H., Chen, P., Dall'erba, S. and Zhang, Y.
REAL 18-T-4



REPORTS

Reports

Illinois Economic Review - Dec
Released: 12/24/2018

Reports

Illinois Job Index - Dec
Released: 12/24/2018

Reports

MSA Job Report - Dec
Released: 12/24/2018

Reports

Chicago Business Activity Index (CBAI) - Jan
Released: 01/15/2019

Reports

Illinois MSA Indices and Forecasts - Dec
Released: 12/24/2018

Welcome to R|E|A|L

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 - Fall 2018

NEXT SEMINAR: Spring 2019

When:

TBA


Where:

TBA


More Information and Schedule:

On this page



International Network


EU-REAL REGIOlab REGIOlab




Monitoring the IL Economy



Illinois Economic Review Report - December

- The 12-month forecast shows that Illinois is likely to experience an employment increase of 22,300 jobs by November 2019. The greatest increase is likely to occur in Education & health (15,300 more jobs).

- The state of Illinois now has a net gain of 151,300 jobs since the beginning of the recession in December 2007. Given Illinois’ economic performance of late, recovery to the prior peak (adjusted for changes in labor force participation and population growth) recorded in 2000 within five years would seem feasible.

See the full report (Released: 12/24/2018)


Illinois Job Report - December

Employment Chart IL

- Illinois added 5,900 jobs in November 2018. The sectors that gained jobs were Trade, transportation and utilities (1,000 more jobs), Education & health (2,700 more jobs), Professional & business services (4,100 jobs). The sectors that lost jobs in November in Illinois were Information (-1,600 less jobs), Manufacturing (-800) and Construction (-800).

- In November, Illinois’s official unemployment rate was 4.2% while its shadow unemployment rate was 8.97%. To bring the two rates together, in other words bringing down shadow unemployment rate to 4.2%, another 340,100 jobs need to be created.

- The Nation added 155,000 jobs at a rate of 0.10% in November, compared with a revised 238,000-job gain in October 2018. There was growth in three sectors, namely Education & health (34,000 more jobs), Professional & business services (32,000 more jobs), and Trade, transportation and utilities (53,000 more jobs).

- The RMW added 16,200 jobs in November after a 13,100-job gain in October 2018.

- The 12-month-ahead job recovery forecasts show that the future recovery rates in Illinois will increase for every sector except Information, Professional & business services and Other Services.

See the full report (Released: 12/24/2018)


MSA Job Report - December

- Illinois Rural area added 2,900 jobs at 0.38% this month, compared to a revised 12,300-job loss in October 2018. At the same time, Metro added 3,000 jobs at 0.06% in November, compared to a revised 19,100-job gain in the previous month. Consequently, the 5,900-job gain in Illinois was driven by increase in both metro and rural areas.

- The most remarkable upward move in November was recorded for Peoria (9th to 1st).

- In Chicago, Trade, transportation and utilities had the greatest monthly job-gain among all sectors (3,300 more jobs) in November, while Construction had the greatest decline (2,600 less jobs). Since the job recovery resumed in January 2010 in Illinois, Kankakee has shown an average growth rate of 13.90%, which is the highest among all the IL MSAs; Bloomington-Normal has experienced the lowest average growth rate, -2.44%.

- The 12-month forecasts show that Chicago is likely to experience a 0.41% job gain by November 2019 (17,241 more jobs). The greatest 12-month growth in Chicago is likely to happen for Trade, transportation and utilities (9,100 more jobs) but the greatest decline would be for Professional & business services (-7,000).

See the full report (Released: 12/24/2018)


The Chicago Business Activity Index (CBAI) - January

- The Chicago Business Activity Index (CBAI) decreased to 98.9 in November from 104.0 in October. The increase is mainly attributed to negative manufacturing, and construction job growth and a decline in retail sales.

See the full report (Released: 01/15/2019)


MSA Business Index and Forecast - December

- According to the forecast for October 2018, Decatur and Peoria are likely to perform worse over this period than Chicago. All the other MSAs will compare favorably to Chicago.

See the full report (Released: 12/24/2018)






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