R | E | A | L

The University of Illinois at Urbana-Champaign

Regional Economics Applications Laboratory

CALENDAR

Calendar

11/22/2019
REAL Seminar Series

Laura Calvi, PhD candidate, Federal University of Paraná, Brazil, and Bingbing Zhang, Assistant Professor, University of Finance and Economics, China
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


Calendar

07/01/2019
65th NARSC

Abstract submission deadline for the 65th Annual North American Meetings of the Regional Science Association International in Pittsburg, PA
More Info




NEWS

News

Claudia Montanía successfully defended her Ph.D. dissertation at University of Extremadura
12/30/2019

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



PUBLICATIONS

Publications

Does proximity to school still matter once access to your preferred school district has already been secured?
Huang, Y. and Dall'Erba S.
REAL 19-T-2

Publications

The U.S. Interstate Trade Will Overcome the Negative Impact of Climate Change on Agricultural Profit
Chen, Z. and Dall'Erba S.
REAL 19-T-1

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 - Jan
Released: 02/24/2020

Reports

Illinois Job Index - Jan
Released: 02/24/2020

Reports

MSA Job Report - Jan
Released: 02/24/2020

Reports

Chicago Business Activity Index (CBAI) - Feb
Released: 02/24/2020

Reports

Illinois MSA Indices and Forecasts - Jan
Released: 02/24/2020

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-Mexico
REAL-Mexico
16th EU REAL meeting
3rd REAL-China Meeting
Illinois Job Report




REAL Seminar Series - Fall 2019

NEXT SEMINAR: Nov 1st

When:

Fridays, 3:50-4:50pm


Where:

51 Mumford Hall


More Information and Schedule:

On this page

Laura Calvi

PhD candidate, Federal University of Paraná, Brazil

"The larger the city, the higher the wages? The effects of agglomeration economies on wage gaps in southern Brazil"


Bingbing Zhang

Assistant Professor, University of Finance and Economics, China

"The Virtual Water Flow in China and Its Driving Forces"




International Network


EU-REAL REGIOlab REGIOlab




Monitoring the IL Economy



Illinois Economic Review Report - Jan

- The 12-month forecast shows that Illinois is likely to experience an employment increase of 7,900 jobs by December 2020. The greatest increase is likely to occur in Education & health (15,700 more jobs).

- The state of Illinois now has a net gain of 211,400 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: 02/24/2020)


Illinois Job Report - Jan

Employment Chart IL

- Illinois gain 8,000 jobs in December 2019. The top-three sectors that gained jobs were o Leisure & hospitality (3,200 more jobs), Education & health (4,300 more jobs) and Information (400 more jobs). The sectors that lost jobs in December in Illinois were Manufacturing (900 less jobs), Trade, transportation & utilities (1,700 less jobs), and Financial activities (200 less jobs).

- In December, Illinois’s official unemployment rate was 3.7% while its shadow unemployment rate was 8.4%. To bring the two rates together, in other words bringing down shadow unemployment rate to 3.7%, another 300,800 jobs need to be created.

- The Nation added 145,000 jobs at a rate of 0.10% in December, compared with a revised 256,000-job gain in November 2019. There was a growth in three sectors, namely Construction (20,000 more jobs), Leisure & hospitality (40,000 more jobs), and Education & health (36,000 more jobs).

- The RMW gained 13,100 jobs in December after a 36,300-job loss in November 2019.

- The 12-month-ahead job recovery forecasts show that the future recovery rates in Illinois will decrease for every sector except Financial activities, Leisure & hospitality and Other services.

See the full report (Released: 02/24/2020)


MSA Job Report - Jan

- Illinois Rural area gained 6,800 jobs at 0.91% this month, compared to a revised 5,700-job gain in November 2019. At the same time, Metro gained 1,200 jobs at 0.02% in December, compared to a revised 19,100-job loss in the previous month. Consequently, the 8,000-job gain in Illinois was mainly driven by positive performances in all areas.

- In Chicago, Education & health had the greatest monthly job-gain among all sectors (2,400 more jobs) in December, while Trade, transportation & utilities had the greatest decline (2,500 less jobs). Since the job recovery resumed in January 2010 in Illinois, Chicago has shown an average growth rate over the 2010-2019 period of 10.93%, which is the highest among all the IL MSAs; Bloomington-Normal has experienced the lowest average growth rate, -3.41%.

- The 12-month forecasts show that Chicago is likely to experience a 0.76% job loss by December 2020 (32,400 less jobs). The greatest 12-month growth in Chicago is likely to happen for Education & health (11,500 more jobs) but the greatest decline would be for Construction (7,000 less jobs).

See the full report (Released: 02/24/2020)


The Chicago Business Activity Index (CBAI) - Feb

- The Chicago Business Activity Index (CBAI) decreased to 93.1 in December from 94.6 in November. The decrease is mainly attributed to negative manufacturing and construction job growth.

See the full report (Released: 02/24/2020)


MSA Business Index and Forecast - Jan

-  According to the forecast for November 2020, Bloomington-Normal, Champaign-Urbana, Decatur, Rockford and Kankakee are likely to perform better over this period than Chicago. All the other MSAs will fare less well than Chicago.

See the full report (Released: 02/24/2020)






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