Biz Barometer
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Strong Month for the Pekin-Area Economy |
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Pekin’s sales tax disbursement received from the
state in May was 11.5% greater than the May 2011 payment. This generally represents tax collected on
sales in February.
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Pekin’s sales tax disbursements received from the
state in the last 3 months are 7.7% greater than the same period in 2011.
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East Peoria’s sales tax disbursement received from
the state for the last 12 months is 10.5% greater than the previous 12-month
period.
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For the 12 months ending in May, Pekin (+2.4%),
Morton (4.2%), and Washington (3.4%) also saw increases over the previous
year’s tax disbursements received from the state.
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The number of residential units sold in the 61554
zip code in the first three months of 2012 is up 17.8% over the same period
in 2011.
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The average sales price of a residential unit in
Pekin in the first three months of 2012 is up 6.7% over the same period in
2011.
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Pekin’s unemployment rate fell from 8.8% in March of
2012 to 8.0% in April of 2012.
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The number of people employed in Pekin (16,228) in
April of 2012 was 90 more than March of 2012.
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The number of people employed in Pekin (16,228) in
April of 2012 was 459 or 2.9% more than January of 2012.
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The number of people employed in the Peoria region
(187,650) in April of 2012 was 5,303 or 2.9% more than January of 2012.
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Nationally,
non-farm payroll employment rose by 115,000 in April, and the unemployment
rate was little changed at 8.1. Employment increased in professional and
business services, retail trade, and health care, but declined in transportation
and warehousing.
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The
Consumer Price Index for All Urban Consumers (CPI-U) was unchanged in April
on a seasonally adjusted basis. Over
the last 12 months, the all items index increased 2.3% before adjustments.
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Sources: Illinois Department of Employment Security;
Illinois Department of Revenue; Peoria Area Association of Realtors; Bureau
of Labor Statistics
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