R | E | A | L

The University of Illinois at Urbana-Champaign

Regional Economics Applications Laboratory

CALENDAR

Calendar

05/03/2019
REAL Seminar Series

This week: Claudia Montanía, Xiang Gao and Rafael Campos
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

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

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 - Mar
Released: 05/07/2019

Reports

Illinois Job Index - Mar
Released: 05/08/2019

Reports

MSA Job Report - Mar
Released: 05/08/2019

Reports

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

Reports

Illinois MSA Indices and Forecasts - Mar
Released: 05/08/2019

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: May 3rd

When:

Fridays, 3-4:00pm


Where:

51 Mumford Hall


More Information and Schedule:

On this page

Claudia Vanessa Montanía Portillo
Ph.D Student, University of Extremadura

Analyzing the growth of international trade:
looking for a more comprehensive shift-share


Xiang Gao
Ph.D. Student, Chinese Academy of Sciences

Relative Advantage Production Position in Global Value Chain


Rafael Faria de Abreu Campos
Ph.D. Student, Federal University of Minas Gerais

Environmental quality and the Human Development Index in Minas Gerais (Brazil)




International Network


EU-REAL REGIOlab REGIOlab




Monitoring the IL Economy



Illinois Economic Review Report - March

- The 12-month forecast shows that Illinois is likely to experience an employment increase of 46,700 jobs by February 2020. The greatest increase is likely to occur in Professional & business services (19,700 more jobs).

- The state of Illinois now has a net gain of 180,500 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: 05/07/2019)


Illinois Job Report - March

Employment Chart IL

- Illinois lost 12,600 jobs in February 2019. The sectors that gained jobs were Professional & business services (3,800 more jobs) and Government (100 more jobs). The sectors that lost jobs in Illinois were Construction (-5,300 less jobs), Trade, transportation and utilities (-4,400) and Leisure & hospitality (-4,200).

- In January, Illinois’s official unemployment rate was 4.3% while its shadow unemployment rate was 9.2%. To bring the two rates together, in other words bringing down shadow unemployment rate to 4.3%, another 352,200 jobs need to be created.

- The Nation added 20,000 jobs at a rate of 0.01% in February, compared with a revised 311,000-job gain in January 2019. There was growth in four sectors, namely Education & health (4,000 more jobs), Financial Activities (6,000 more jobs), Professional & business services (42,000 more jobs) and Manufacturing (4,000 more jobs).

- The RMW lost 8,800 jobs in February after an 51,000-job gain in January 2019.

- 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: 05/08/2019)


MSA Job Report - March

- Illinois Rural area lost 7,600 jobs at -1.0% this month, compared to a revised 800-job loss in January 2019. At the same time, Metro loss 5,000 jobs at -0.09% in February, compared to a revised 27,500-job gain in the previous month. Consequently, the 12,600-job loss in Illinois was driven by decreases in both metro and rural areas.

- In Chicago, Trade, Education and health had the greatest monthly job-gain among all sectors (3,100 more jobs) in February, while Leisure and hospitality had the greatest decline (5,500 less jobs). Since the job recovery resumed in January 2010 in Illinois, Chicago has shown an average growth rate of 11.65%, which is the highest among all the IL MSAs; Bloomington-Normal has experienced the lowest average growth rate, -3.67%.

- The 12-month forecasts show that Chicago is likely to experience a 1.87% job gain by February 2020 (79,500 more jobs). The greatest 12-month growth in Chicago is likely to happen for Trade, transportation and utilities (26,300 more jobs) but the greatest decline would be for Information (-4,000).

See the full report (Released: 05/08/2019)


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 - March

- According to the forecast for January 2020, Bloomington-Normal, 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: 05/08/2019)






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