R | E | A | L

The University of Illinois at Urbana-Champaign

Regional Economics Applications Laboratory

CALENDAR

Calendar

09/06/2019
REAL Seminar Series

Jaewon Lim, U. Nevada at Las Vegas: Director of the Western Regional Science Association
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

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 - Jun
Released: 07/20/2019

Reports

Illinois Job Index - Jun
Released: 07/20/2019

Reports

MSA Job Report - Jun
Released: 07/20/2019

Reports

Chicago Business Activity Index (CBAI) - Aug
Released: 08/20/2019

Reports

Illinois MSA Indices and Forecasts - Jun
Released: 07/20/2019

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 - Fall 2019

NEXT SEMINAR: Sep 6th

When:

Fridays, 3:30-4:30pm


Where:

51 Mumford Hall


More Information and Schedule:

On this page

Jaewon Lim, U. Nevada at Las Vegas

Director of the Western Regional Science Association




International Network


EU-REAL REGIOlab REGIOlab




Monitoring the IL Economy



Illinois Economic Review Report - Jun

- The 12-month forecast shows that Illinois is likely to experience an employment increase of 12,500 jobs by May 2020. The greatest increase is likely to occur in Education & health (15,000 more jobs).

- The state of Illinois now has a net gain of 192,200 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: 07/20/2019)


Illinois Job Report - Jun

Employment Chart IL

- Illinois lost 2,400 jobs in May 2019. The sectors that gained jobs were Education & Health (2,100 more jobs), Other services (400 more jobs), Manufacturing (500 more jobs). The sectors that lost jobs in May in Illinois were Construction (-2,000 less jobs), Information (600 less jobs), and Financial activities (1,300 les jobs).

- In May, Illinois’s official unemployment rate was 4.4% while its shadow unemployment rate was 9.0%. To bring the two rates together, in other words bringing down shadow unemployment rate to 4.4%, another 342,000 jobs need to be created.

- The Nation added 75,000 jobs at a rate of 0.05% in May, compared with a revised 224,000-job gain in April 2019. There was a growth in three sectors, namely Leisure & hospitality (26,000 more jobs), Professional & business services (33,000 more jobs), Education & health (27,000 more jobs).

- The RMW lost 10,800 jobs in May after a 10,900-job gain in April 2019.

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

See the full report (Released: 07/20/2019)


MSA Job Report - Jun

- Illinois Rural area lost 9,100 jobs at 1.21% this month, compared to a revised 3,100-job gain in April 2019. At the same time, Metro added 6,700 jobs at 0.12% in May, compared to a revised 15,300-job lost in the previous month. Consequently, the 2,400-job lost in Illinois was mainly driven by mixed performances in all areas.

- In Chicago, Professional & business services had the greatest monthly job-gain among all sectors (1,400 more jobs) in May, while Construction had the greatest decline (2,600 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 11.53%, which is the highest among all the IL MSAs; Bloomington-Normal has experienced the lowest average growth rate, -3.32%.

- The 12-month forecasts show that Chicago is likely to experience a 0.47% job gain by May 2020 (19,800 more jobs). The greatest 12-month growth in Chicago is likely to happen for Leisure & hospitality (14,000 more jobs) but the greatest decline would be for Information (-4,400).

See the full report (Released: 07/20/2019)


The Chicago Business Activity Index (CBAI) - Aug

- The Chicago Business Activity Index (CBAI) increased to 92.1 in June from 89.2 in May. The increase is mainly attributed to positive manufacturing, nonmanufacturing and construction job growth.

See the full report (Released: 08/20/2019)


MSA Business Index and Forecast - Jun

- According to the forecast for April 2020, Bloomington-Normal, Champaign-Urbana Rockford and Springfield 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: 07/20/2019)






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