R | E | A | L

The University of Illinois at Urbana-Champaign

Regional Economics Applications Laboratory

CALENDAR

Calendar

04/19/2019
REAL Seminar Series

This week: Lucía Bolea and Federico Ceballos
More Info


Calendar

04/13/2019
12th AERUS Conference

12th Annual Midwest Graduate Student Summit on Applied Economics, Regional and Urban Studies at UIUC
More Info


Calendar

05/15/2019
16th EU-REAL Workshop

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


Calendar

05/31/2019
8th SHAIO

Abstract submission deadline for the 8th Spanish Input-Output Analysis Conference in Santiago de Compostela, Spain
More Info




NEWS

News

3rd REAL-China Meeting at Nankai University
02/23/2019

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

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 - Feb
Released: 03/28/2019

Reports

Illinois Job Index - Feb
Released: 03/28/2019

Reports

MSA Job Report - Feb
Released: 03/28/2019

Reports

Chicago Business Activity Index (CBAI) - Apr
Released: 04/16/2019

Reports

Illinois MSA Indices and Forecasts - Jan
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: April 19th

When:

Fridays, 3-4:00pm


Where:

51 Mumford Hall


More Information and Schedule:

On this page

Lucía Bolea
PhD student, University of Zaragoza, Spain

Global determinants of carbon dioxide emissions: are all countries equal?


Federico Ceballos
PhD Student, ACE

The effect of climate variability on Colombian coffee yields




International Network


EU-REAL REGIOlab REGIOlab




Monitoring the IL Economy



Illinois Economic Review Report - February

- The 12-month forecast shows that Illinois is likely to experience an employment increase of 61,800 jobs by January 2020. The greatest increase is likely to occur in Trade, transportation and utilities (28,700 more jobs).

- The state of Illinois now has a net gain of 191,100 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: 03/28/2019)


Illinois Job Report - February

Employment Chart IL

- Illinois added 26,700 jobs in January 2019. The sectors that gained jobs were Trade, transportation and utilities (9,400 more jobs), Leisure & hospitality (4,500 more jobs), and Construction (5,500 jobs). The sectors that lost jobs in Illinois were Other services (-600 less jobs), Information (-400) and Financial Activities (-1,500).

- In January, Illinois’s official unemployment rate was 4.3% while its shadow unemployment rate was 9.19%. To bring the two rates together, in other words bringing down shadow unemployment rate to 4.3%, another 354,400 jobs need to be created.

- The Nation added 311,000 jobs at a rate of 0.21% in January, compared with a revised 227,000-job gain in December 2018. There was growth in three sectors, namely Education & health (64,000 more jobs), Leisure & hospitality (89,000 more jobs), and Trade, transportation and utilities (54,000 more jobs).

- The RMW added 51,000 jobs in January after an 37,900-job gain in December 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: 03/28/2019)


MSA Job Report - February

- Illinois Rural area lost 3,200 jobs at -0.42% this month, compared to a revised 12,000-job gain in December 2018. At the same time, Metro added 29,900 jobs at 0.55% in January, compared to a revised 4,600-job loss in the previous month. Consequently, the 26,700-job gain in Illinois was mainly driven by increase metro area.

- The most remarkable upward move in January was recorded for Springfield (8th to 4th).

- In Chicago, Trade, transportation and utilities had the greatest monthly job-gain among all sectors (9,200 more jobs) in January, while Other Services had the greatest decline (1,100 less jobs). Since the job recovery resumed in January 2010 in Illinois, Chicago has shown an average growth rate of 11.86%, which is the highest among all the IL MSAs; Bloomington-Normal has experienced the lowest average growth rate, -4.71%.

- The 12-month forecasts show that Chicago is likely to experience a 1.66% job gain by January 2020 (70,300 more jobs). The greatest 12-month growth in Chicago is likely to happen for Trade, transportation and utilities (42,600 more jobs) but the greatest decline would be for Information (-4,600).

See the full report (Released: 03/28/2019)


The Chicago Business Activity Index (CBAI) - April

- The Chicago Business Activity Index (CBAI) increased to 98.1 in February from 95.2 in January. The increase is mainly attributed to positive manufacturing job growth and an improvement in retail sales.

See the full report (Released: 04/16/2019)


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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