Wednesday, February 23, 2011

Biz Barometer

Biz Barometer

The unemployment rate fell by 0.4 percentage points to 9.0 percent in January, while non-farm payroll employment changed little, according to the U.S. Bureau of Labor Statistics.  Employment rose in manufacturing and in retail trade but was down in construction, transportation and warehousing.  Employment in most other major industries changed little over the month.

Pekin’s unemployment rate fell by 0.9 percentage points to 10.0 in December.  The Illinois Department of Employment Security also reported the unemployment rate in Illinois and the Peoria MSA stood at 8.8% in December.

The numbers provided by the Illinois Department of Revenue show that sales tax receipts in Pekin were up 4.6% in January, compared to the January 2010 receipts.  The taxes are disbursed by the State of Illinois to municipalities in January for taxes collected in November.

The numbers of homes sold in Pekin in 2010 were essentially the same as the 2009 sales.  However, the average sales price increased by 3.7% according to information provided by the Peoria Area Association of REALTORS®.

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