R | E | A | L

The University of Illinois at Urbana-Champaign

Regional Economics Applications Laboratory

CALENDAR

Calendar

02/15/2019
REAL Seminar Series

This week: Ramon Goulart Cunha and Felipe Morales
More Info


Calendar

02/18/2019
12th Annual Midwest Graduate Student Summit on Applied Economics, Regional and Urban Studies

Abstract submission deadline for the 12th AERUS Conference in Urbana, IL
More Info


Calendar

02/28/2019
59th European Regional Science Association Congress

Abstract submission deadline for the 59th ERSA in Lion, France
More Info


Calendar

05/15/2019
16th EU-REAL Workshop

Abstract submission deadline for the 16th EU-REAL Workshop in Pescara, Italy
More Info




NEWS

News

Dr. Raquel Langarita received her PhD at the Universidad de Zaragoza
01/03/2019

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

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: 01/29/2019

Reports

Illinois Job Index - Dec
Released: 01/29/2019

Reports

MSA Job Report - Dec
Released: 01/29/2019

Reports

Chicago Business Activity Index (CBAI) - Jan
Released: 02/15/2019

Reports

Illinois MSA Indices and Forecasts - Dec
Released: 02/09/2019

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 - Spring 2019

NEXT SEMINAR: February 15th

When:

Fridays, 3-4pm


Where:

51 Mumford Hall


More Information and Schedule:

On this page

Ramon Goulart Cunha
(PhD Student, Federal University of Juiz de Fora)

Insertion and competitiveness of Brazilian exports
in Latin American markets


Felipe Morales
(M.S. Student, Universidad Adolfo Ibanez)

Measuring the cost of Congestion within and between cities:
The case of Chile




International Network


EU-REAL REGIOlab REGIOlab




Monitoring the IL Economy



Illinois Economic Review Report - January

- The 12-month forecast shows that Illinois is likely to experience an employment increase of 44,700 jobs by December 2019. The greatest increase is likely to occur in Education & health (16,000 more jobs).

- The state of Illinois now has a net gain of 167,000 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: 01/29/2019)


Illinois Job Report - January

Employment Chart IL

- Illinois added 13,600 jobs in December 2018. The sectors that gained jobs were Trade, transportation and utilities (2,800 more jobs), Leisure & hospitality (4,600 more jobs), Government (6,300 jobs). The sectors that lost jobs in November in Illinois were Information (-1,000 less jobs), Financial Activities (-700) and Construction (-600).

- In December, Illinois’s official unemployment rate was 4.3% while its shadow unemployment rate was 8.99%. To bring the two rates together, in other words bringing down shadow unemployment rate to 4.3%, another 341,600 jobs need to be created.

- The Nation added 222,000 jobs at a rate of 0.15% in December, compared with a revised 196,000-job gain in November 2018. There was growth in three sectors, namely Education & health (67,000 more jobs), Professional & business services (29,000 more jobs), and Trade, transportation and utilities (55,000 more jobs).

- The RMW added 40,700 jobs in December after a 28,400-job gain in November 2018.

- 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: 01/29/2019)


MSA Job Report - January

- Illinois Rural area added 10,300 jobs at 1.37% this month, compared to a revised 5,400-job gain in November 2018. At the same time, Metro added 3,300 jobs at 0.06% in December, compared to a revised 2,600-job gain in the previous month. Consequently, the 13,600-job gain in Illinois was mainly driven by increase metro area.

-  The most remarkable upward move in December was recorded for Kankakee (10th to 1st).

- In Chicago, Government had the greatest monthly job-gain among all sectors (3,000 more jobs) in December, while Construction had the greatest decline (1,400 less jobs). Since the job recovery resumed in January 2010 in Illinois, Kankakee has shown an average growth rate of 14.34%, which is the highest among all the IL MSAs; Bloomington-Normal has experienced the lowest average growth rate, -2.45%.

- The 12-month forecasts show that Chicago is likely to experience a 1.03% job gain by December 2019 (43,600 more jobs). The greatest 12-month growth in Chicago is likely to happen for Education & health (15,000 more jobs) but the greatest decline would be for Construction (-2,700).

See the full report (Released: 01/29/2019)


The Chicago Business Activity Index (CBAI) - February

- The Chicago Business Activity Index (CBAI) decreased to 96.8 in December from 99.3 in November. The decrease is mainly attributed to negative construction job growth.

See the full report (Released: 02/15/2019)


MSA Business Index and Forecast - January

- According to the forecast for November 2018, Champaign-Urbana, Rockford and Kankakee are likely to perform better over this period than Chicago. All the other MSAs will compare worse to Chicago.

See the full report (Released: 02/09/2019)






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