R | E | A | L

The University of Illinois at Urbana-Champaign

Regional Economics Applications Laboratory

CALENDAR

Calendar

12/06/2018
REAL Seminar Series

This week: Joao Gabriel Pio and Xiaoai Jia
More Info


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




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 - Nov
Released: 11/24/2018

Reports

Illinois Job Index - Nov
Released: 11/24/2018

Reports

MSA Job Report - Nov
Released: 11/24/2018

Reports

Chicago Business Activity Index (CBAI) - Nov
Released: 11/18/2018

Reports

Illinois MSA Indices and Forecasts - Nov
Released: 11/24/2018

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: December 6th

When:

2:00-3:00pm


Where:

51 Mumford Hall


More Information and Schedule:

On this page

Joao Gabriel Pio
(PhD Student, University of Juiz de Fora)

Do R&D spillovers reduce CO2 emissions? A reinterpretation of
Environmental Kuznets Curve


Xiaoai Jia
(Associate Professor, Shandong Technology and Business University)

The Comparison and Selection of Reference Rate for FISIM Accounting:
Empirical Test Based on Chinese Data




International Network


EU-REAL REGIOlab REGIOlab




Monitoring the IL Economy



Illinois Economic Review Report - November

- The 12-month forecast shows that Illinois is likely to experience an employment increase of 23,700 jobs by October 2019. The greatest increase is likely to occur in Education & health (12,900 more jobs).

- The state of Illinois now has a net gain of 148,900 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: 11/24/2018)


Illinois Job Report - November

Employment Chart IL

- Illinois added 10,300 jobs in October 2018. The sectors that gained jobs were Trade, transportation and utilities (5,300 more jobs), Information (2,000 more jobs), Government (1,300 jobs) and Manufacturing (1,300 more jobs). The sectors that lost jobs in September in Illinois were Professional & business services (-2,000 less jobs) and Financial activities (-600).

- In October, Illinois’s official unemployment rate was 4.2% while its shadow unemployment rate was 9.09%. To bring the two rates together, in other words bringing down shadow unemployment rate to 4.2%, another 348,000 jobs need to be created.

- The Nation added 250,000 jobs at a rate of 0.17% in October, compared with a revised 118,000-job gain in September 2018. There was growth in three sectors, namely Leisure & hospitality (42,000 more jobs), Professional & business services (44,000 more jobs), and Trade, transportation and utilities (37,000 more jobs).

- The RMW added 22,200 jobs in October after a 200-job loss in September 2018.

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

See the full report (Released: 11/24/2018)


MSA Job Report - November

- Illinois Rural area lost 10,900 jobs at -1.43% this month, compared to a revised 9,300-job gain in September 2018. At the same time, Metro added 21,200 jobs at 0.39% in October, compared to a revised 7,600-job loss in the previous month. Consequently, the 10,300-job gain in Illinois was driven by increase in metro areas.

- The most remarkable upward move in October was recorded for Metro-East (9th to 2nd). In the 12-month growth league table, upward move was recorded for Decatur (6th to 4th), and Champaign-Urbana-Rantoul (7th to 5th), and Bloomington-Normal (9th to 8th).

- In Chicago, Trade, transportation and utilities had the greatest monthly job-gain among all sectors (6,000 more jobs) in Ocotober, while Other Services had the greatest decline (300 less jobs). Since the job recovery resumed in January 2010 in Illinois, Kankakee has shown an average growth rate of 14.53%, which is the highest among all the IL MSAs; Bloomington-Normal has experienced the lowest average growth rate, -2.42%.

- The 12-month forecasts show that Chicago is likely to experience a 0.52% job gain by October 2019 (21,800 more jobs). The greatest 12-month growth in Chicago is likely to happen for Manufacturing (10,500 more jobs) but the greatest decline would be for Professional & business services (-1,900).

See the full report (Released: 11/24/2018)


The Chicago Business Activity Index (CBAI) - November

- The Chicago Business Activity Index (CBAI) decreased to 100.9 in September from 103.1 in August. The decrease is mainly attributed to negative non-manufacturing job growth and a decline in nationwide economic activities measured by the Chicago Fed National Activity Index (CFNAI).

See the full report (Released: 11/18/2018)


MSA Business Index and Forecast - November

- According to the forecast for September 2018, Davenport-Rock Island-Moline, 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: 11/24/2018)






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