Thursday, September 29, 2011

Biz Barometer

Pekin’s unemployment rate increased each of the last three months according to the Illinois Department of Employment Security.  The number of people working in Pekin decreased for the first time in six months. 

While the recent employment trend is negative, these numbers are better than a year ago.  Pekin’s unemployment rate of 9.9% in August was two full points lower than August of 2010.  The number of persons employed in Pekin in August was 16,339, which is 2.9% or 460 more than August of 2010.  Tazewell County, the Peoria Metro area, and the State of Illinois all reported similar trends.

Sales tax receipts continued to improve throughout Tazewell County.  Pekin’s sales tax receipts disbursed from the Illinois Department of Revenue during the past 12 months were up 2.2% over the 12-month rolling average from a year ago.  Other are communities fared better, with Morton posting a 7.6% increase and East Peoria and Washington each gaining growing by 4.3%.

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