Biz Barometer
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Local
Economy Improves
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Pekin’s sales tax disbursement received from the state
in September was 4.7% greater than September of 2011.
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Pekin’s sales tax disbursements received from the state
for the last 3 months were 8.2% greater than the same three months in 2011.
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The other three large communities on the east side of
the Illinois River also showed increases in September compared to September of
2011: Morton (+3.6%), Washington (+1.1%),
and East Peoria (+1.1%).
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For the 12-months ending in September, all four
communities showed an increase in sales tax receipts from the state, compared
to the 12-months ending in September of 2011:
East Peoria (+10.8%), Pekin (+5.5%), Morton (+5.3%), and Washington (+3.0%).
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The number of residential units sold in the 61554 zip
code for the first eight months of 2012 was 3.0% less than the same period in
2011.
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The other large Tazewell communities are showing large
increases in residential unit sales for the first eight months of 2012,
compared to the first eight months of 2011:
Washington (+30.7%), Morton (+33.8%),
and East Peoria (+35.2%).
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The average sales price of residential units in the
61554 zip code for the first eight months of 2012 is $110,986. That is 8.4%
greater than the average sales price for the first eight months of 2011.
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The average sales price of residential units in the
other large Tazewell communities is also up compared to the first eight months
of 2011: East Peoria (+5.3%), Morton (+11.0%), and
Washington (+0.9%)
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Nationally, non-farm payroll
employment rose by 96,000 in August, while the unemployment edged down to 8.1%
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The Consumer
Price Index for All Urban Consumers (CPI-U) increased 0.6 percent in August
on a seasonally adjusted basis. Over the last 12 months, the all items index
increased 1.7 percent before seasonal adjustment.
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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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