R | E | A | L

The University of Illinois at Urbana-Champaign

Regional Economics Applications Laboratory

CALENDAR

Calendar

05/08/2020
REAL Seminar Series

Federico Ceballos, PhD student, UIUC, and Menger Tu, PhD student, School of Economics, Shanghai University, 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 - Apr
Released: 05/06/2020

Reports

Illinois Job Index - Apr
Released: 05/06/2020

Reports

MSA Job Report - Apr
Released: 05/06/2020

Reports

Chicago Business Activity Index (CBAI) - Apr
Released: 04/21/2020

Reports

Illinois MSA Indices and Forecasts - Apr
Released: 05/06/2020

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 - Spring 2020

NEXT SEMINAR: May 8th

When:

Fridays, 3:30-4:30pm


Where:

Via Zoom, join us here https://illinois.zoom.us/j/92744322836?pwd=ZUNzZlVmRm02ZHBreGhXejNkdHZTUT09


More Information and Schedule:

On this page

Federico Ceballos

PhD student, UIUC

"Crop Shifting Dynamics in Colombia’s Coffee Region: Can Discrete-Continuous Choice Models be Improved with Machine Learning?"


Meng'er Tu

PhD student, Shanghai University, China

"The role of dependency in knowledge production: Based on Chinese AI patenting activity"




International Network


EU-REAL REGIOlab REGIOlab




Monitoring the IL Economy



Illinois Economic Review Report - Apr

- The 12-month forecast shows that Illinois is likely to experience an employment decrease of 12,700 jobs by March 2021. The greatest increase is likely to occur in Education & health (8,100 more jobs).

- The state of Illinois now has a net gain of 105,800 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: 05/06/2020)


Illinois Job Report - Apr

Employment Chart IL

- Illinois lost 34,100 jobs in March 2020. The only sector that gained jobs was Government (1,000 more jobs). The sectors that lost jobs in March in Illinois were Leisure & hospitality (15,000 less jobs), Professional & business services (7,500 less jobs), and Information (600 less jobs).

- In March, Illinois’s official unemployment rate was 4.6% while its shadow unemployment rate was 11.2%. To bring the two rates together, in other words bringing down shadow unemployment rate to 4.6%, another 487,300 jobs need to be created.

- The Nation lost 701,000 jobs at a rate of 0.46% in March, compared with a revised 275,000-job gain in February 2020. There was a growth in two sectors, namely Information (2,000 more jobs) and Government (12,000 more jobs).

- The RMW lost 117,600 jobs in March after a 14,700-job gain in February 2020.

- The 12-month-ahead job recovery forecasts show that the future recovery rates in Illinois will increase only for Financial activities and Leisure & hospitality, all the other sectors are likely to experience a recovery rate decrease.

See the full report (Released: 05/06/2020)


MSA Job Report - Apr

- Illinois Rural area gained 13,200 jobs at 1.81% this month, compared to a revised 8,100-job loss in February 2020. At the same time, Metro lost 47,300 jobs at 0.88% in March, compared to a revised 3,300-job lost in the previous month. Consequently, the 34,100-job loss in Illinois was mainly driven by mixed performances in all areas.

- In Chicago, Other services had the greatest monthly job-gain among all sectors (1,100 more jobs) in March, while Professional & business services had the greatest decline (13,400 less jobs). Since the job recovery resumed in January 2010 in Illinois, Chicago has shown an average growth rate over the 2010-2020 period of 10.14%, which is the highest among all the IL MSAs; Decatur has experienced the lowest average growth rate, -3.37%.

- The 12-month forecasts show that Chicago is likely to experience a -1.26% job gain by March 2021 (52,900 less jobs). The greatest 12-month growth in Chicago is likely to happen for Education & health (10,400 more jobs) but the greatest decline would be for Manufacturing (9,000 less jobs).

See the full report (Released: 05/06/2020)


The Chicago Business Activity Index (CBAI) - Apr

- 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: 04/21/2020)


MSA Business Index and Forecast - Apr

-  According to the forecast for February 2021, Bloomington-Normal, Champaign-Urbana, Rockford, Springfield, 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: 05/06/2020)






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