Biz Barometer
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Economy Continues to Gain Momentum |
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Pekin’s unemployment rate fell from 8.0% in April of
2012 to 7.7% in May of 2012. That’s the
fourth straight month of decline, and the lowest unemployment rate in Pekin
in 40 months (December of 2008)
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The number of people employed in Pekin (16,289) in
May of 2012 was 60 more than April of 2012 and the fourth consecutive month
of job growth.
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The number of people employed in the Peoria region
(188,362) in May of 2012 was 6,015 more than January of 2012 and also marks
the fourth straight month of job growth.
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Nationally,
the nonfarm payroll employment changed little in May (+69,000), and the U.S. unemployment
rate was essentially unchanged at 8.2 percent. Employment increased in health care,
transportation and warehousing, and wholesale trade but declined in
construction.
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Pekin’s sales tax disbursement received from the
state in June was 5.8% greater than June of 2011.
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Pekin’s sales tax disbursements received from the
state for the last 3 months were 6.5% greater than the same three months in
2011.
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East Peoria continues to lead the communities on
the East side of the Illinois River, with a 13.1% increase in sales tax
disbursements received from the State in June, compared to the June of
2011. Morton (5.3%) and Washington (5.5%)
also saw healthy gains for the same comparison period.
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The number of residential units sold in the 61554
zip code for the first 5 months of 2012 is 6.1% greater than the first 5
months of 2011.
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The average sales price of residential units in
the 61554 zip code for the first 5 months of 2012 is $108,040. That is 4.7% greater than the average sales
price for the first five months of 2011.
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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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