R | E | A | L

The University of Illinois at Urbana-Champaign

Regional Economics Applications Laboratory

CALENDAR

Calendar

11/01/2019
REAL Seminar Series

Alexandre Porsse, Prof., Universidade Federal do Paraná, Brazil, and Orsa Kekezi, Ph.D. Student in Jönköping International Business School
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



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 - Aug
Released: 10/15/2019

Reports

Illinois Job Index - Aug
Released: 10/15/2019

Reports

MSA Job Report - Aug
Released: 10/15/2019

Reports

Chicago Business Activity Index (CBAI) - Sep
Released: 09/16/2019

Reports

Illinois MSA Indices and Forecasts - Aug
Released: 10/15/2019

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.


16th EU REAL meeting
3rd REAL-China Meeting
REAL-Mexico
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

Alexandre Porsse

Professor, Dept. of Economics, Universidade Federal do Paraná, Brazil

"Testing for Convergence Clubs in Agricultural Land Prices: evidences based on geographically weighted regressions for Parana, Brazil"


Orsa Kekezi

Ph.D. Student, Jönköping International Business School

"Returns to Regional Mobility after Job Loss: The importance of job match"




International Network


EU-REAL REGIOlab REGIOlab




Monitoring the IL Economy



Illinois Economic Review Report - Aug

- The 12-month forecast shows that Illinois is likely to experience an employment increase of 5,500 jobs by July 2020. The greatest increase is likely to occur in Leisure & hospitality and (13,500 more jobs).

- The state of Illinois now has a net gain of 204,100 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: 10/15/2019)


Illinois Job Report - Aug

Employment Chart IL

- Illinois lost 400 jobs in July 2019. The sectors that gained jobs were Education & health (3,900 more jobs), Leisure & hospitality (700 more jobs), Government (600 more jobs). The sectors that lost jobs in July in Illinois were Other Services (1,600 less jobs), Information (300 less jobs), and Professional & business services (1,900 less jobs).

- In July, Illinois’s official unemployment rate was 4.2% while its shadow unemployment rate was 8.7%. To bring the two rates together, in other words bringing down shadow unemployment rate to 4.2%, another 319,300 jobs need to be created.

- The Nation added 159,000 jobs at a rate of 0.11% in July, compared with a revised 178,000-job gain in June 2019. There was a growth in three sectors, namely Education & health (71,000 more jobs), Financial activities (20,000 more jobs), and Government (28,000 more jobs).

- The RMW gained 3,600 jobs in July after a 18,300-job lost in June 2019.

- The 12-month-ahead job recovery forecasts show that the future recovery rates in Illinois will increase for every sector except Construction, Information and Trade, transportation & utilities.

See the full report (Released: 10/15/2019)


MSA Job Report - Aug

- Illinois Rural area lost 4,800 jobs at 0.65% this month, compared to a revised 6,800-job loss in June 2019. At the same time, Metro added 4,400 jobs at 0.08% in July, compared to a revised 14,400-job gain in the previous month. Consequently, the 400-job loss in Illinois was mainly driven by mixed performances in all areas.

- In Chicago, Leisure & hospitality had the greatest monthly job-gain among all sectors (3,500 more jobs) in July, while Professional & business services had the greatest decline (4,800 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 11.63%, which is the highest among all the IL MSAs; Bloomington-Normal has experienced the lowest average growth rate, -3.45%.

- The 12-month forecasts show that Chicago is likely to experience a 2.02% job gain by July 2020 (31,000 more jobs). The greatest 12-month growth in Chicago is likely to happen for Leisure & hospitality (23,900 more jobs) but the greatest decline would be for Information (100 more jobs).

See the full report (Released: 10/15/2019)


The Chicago Business Activity Index (CBAI) - Oct

- The Chicago Business Activity Index (CBAI) decreased to 94.5 in August from 97.7 in July. The decrease is mainly attributed to negative non-manufacturing, construction job growth, and a decline in expected retail sales..

See the full report (Released: 10/17/2019)


MSA Business Index and Forecast - Aug

- According to the forecast for June 2020, Bloomington-Normal, 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: 10/15/2019)






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