R | E | A | L

The University of Illinois at Urbana-Champaign

Regional Economics Applications Laboratory

CALENDAR

Calendar

09/20/2019
REAL Seminar Series

Sandy Dall'erba and William Ridley, UIUC
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 - Jul
Released: 09/10/2019

Reports

Illinois Job Index - Jul
Released: 09/10/2019

Reports

MSA Job Report - Jul
Released: 09/10/2019

Reports

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

Reports

Illinois MSA Indices and Forecasts - Jul
Released: 09/10/2019

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
Technical Series - Download Here
Technical Series - Download Here
Illinois Job Report




REAL Seminar Series - Fall 2019

NEXT SEMINAR: Sep 20th

When:

Fridays, 3:50-4:50pm


Where:

51 Mumford Hall


More Information and Schedule:

On this page

Sandy Dall'erba

Professor, UIUC

"The U.S. Interstate Trade Will Overcome the Negative Impact of Climate Change on Agricultural Profit"


William Ridley

Assistant Professor, UIUC

"International Joint Ventures and Internal vs. External Technology Transfer: Evidence from China"



International Network


EU-REAL REGIOlab REGIOlab




Monitoring the IL Economy



Illinois Economic Review Report - Jul

- The 12-month forecast shows that Illinois is likely to experience an employment increase of 46,200 jobs by June 2020. The greatest increase is likely to occur in Education & health and Professional & business services (16,000 more jobs).

- The state of Illinois now has a net gain of 208,300 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: 09/10/2019)


Illinois Job Report - Jul

Employment Chart IL

- Illinois added 11,400 jobs in June 2019. The sectors that gained jobs were Information (700 more jobs), Leisure & hospitality (4,700 more jobs), Financial activities (1,200 more jobs). The sectors that lost jobs in June in Illinois were Construction (900 less jobs) and Other services (1,000 less jobs).

- In June, Illinois’s official unemployment rate was 4.2% while its shadow unemployment rate was 8.8%. To bring the two rates together, in other words bringing down shadow unemployment rate to 4.2%, another 330,200 jobs need to be created.

- The Nation added 224,000 jobs at a rate of 0.15% in June, compared with a revised 72,000-job gain in May 2019. There was a growth in three sectors, namely Construction (21,000 more jobs), Education & health (61,000 more jobs), and Professional & business services (51,000 more jobs).

- The RMW gained 21,700 jobs in June after a 6,800-job lost in May 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: 09/10/2019)


MSA Job Report - Jul

- Illinois Rural area lost 3,300 jobs at 0.44% this month, compared to a revised 5,200-job loss in May 2019. At the same time, Metro added 14,700 jobs at 0.27% in June, compared to a revised 7,500-job gain in the previous month. Consequently, the 11,400-job gain in Illinois was mainly driven by mixed performances in all areas.

- In Chicago, Leisure & hospitality had the greatest monthly job-gain among all sectors (5,600 more jobs) in June, while Other Services had the greatest decline (1,000 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 11.76%, which is the highest among all the IL MSAs; Bloomington-Normal has experienced the lowest average growth rate, -3.24%.

- The 12-month forecasts show that Chicago is likely to experience a 1.13% job gain by June 2020 (48,000 more jobs). The greatest 12-month growth in Chicago is likely to happen for Professional & business services (37,300 more jobs) but the greatest decline would be for Information (-1,300).

See the full report (Released: 09/10/2019)


The Chicago Business Activity Index (CBAI) - Sep

- The Chicago Business Activity Index (CBAI) increased to 96.6 in July from 91.9 in June. The increase is mainly attributed to positive manufacturing, construction job growth, and an improvement in expected retail sales.

See the full report (Released: 09/16/2019)


MSA Business Index and Forecast - Jul

- According to the forecast for May 2020, Peoria, 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: 09/10/2019)






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