Thursday, January 27, 2011

Biz Barometer

The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.5 percent in December on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reported. Over the last 12 months, the all items index increased 1.5 percent before seasonal adjustment.

Nationwide, the unemployment rate fell by 0.4 percentage points to 9.4 percent in December, and non-farm payroll employment increased by 103,000. Employment rose in leisure and hospitality and in health care but was little changed in other major industries.

In Pekin, sales tax receipts collected on sales in October (and received from the State in December) were up 4.6% compared to the same period in 2009.

Pekin’s unemployment rate was 10.9% in November, up 0.1 points from the previous month. Illinois’ unemployment rate held at 9.2% and the tri-county rate held at 9.3% for the second straight month.

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