Biz Barometer, August Newsletter

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Pekin’s unemployment rate jumped to 12.7% in June according to information provided by the Illinois Department of Employment Security.  This comes after 3 consecutive months of improved unemployment rates.  However, the number of people actually employed increased again in June (for the fourth consecutive month).  Pekin’s June numbers mirror the trends for the Peoria MSA and State of Illinois. 

Pekin’s sales tax receipts in June were 2.1% greater than the June 2009 receipts according to information from the Illinois Department of Revenue.  However, sales tax receipts in Pekin for the first six months of 2010 are 1.0% less than the first six months of 2009. 

The Peoria Area Association of Realtors reports that home sales in the Pekin area for the first six months of 2010 are 28.5% greater than the same period in 2009.  The 2010 average sales price is also 10.7% greater than the average price for the first six months of 2009.

The Consumer Price Index for All Urban Consumers (CPI-U) declined 0.1% in June on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reported July 16, 2010. Over the last 12 months, the index increased 1.1% before seasonal adjustment. 

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