Thursday, November 1, 2012

Biz Barometer

Pekin’s sales tax disbursement received from the state in October was 2.3% less than October of 2011.

Pekin’s sales tax disbursements received from the state for the last 3 months were 5.1% greater than the same three months in 2011.

The other three large communities on the east side of the Illinois River showed increases in sales tax disbursements received in October, compared to October of 2011: Morton (+4.6%), East Peoria (+34.0%), and Washington (+0.5%)

For the 12-months ending in October, all four communities showed an increase in sales tax receipts from the state, compared to the 12-monhts ending in October of 2011: East Peoria (+13.5%), Morton (+7.0%), Pekin (+5.1%) and Washington (+2.6%)

The number of residential units sold in the 61554 zip code in the first nine months of 2012 was 3.2% less than the same period in 2011.

The other large Tazewell County communities are showing large increases in residential unit sales for the first nine months of 2012, compared to 2011: East Peoria (+38.6%), Washington (+32.2%), and Morton (+24.1%)

The average sales price of residential units in the 61554 zip code for the first nine months of 2012 is $110,066. That is a 4.0% increase over the same period in 2011.

The average sales price of residential units in the other large Tazewell communities is also up compared to the first nine months of 2011: Morton (+12.6%), Washington (+2.8%), and East Peoria (+2.5%)

The unemployment rate in Pekin in August fell to 9.3%, which is down from 9.6% in July of 2012 and 9.9% in August of 2011.

The August unemployment rate in the Peoria fell to 8.0%, which is down from 8.2% in July of 2012 and 8.4% in August of 2011.

The number of people employed in Pekin in August was 16,256, which is 109 (-0.7%) less than the employment level in August of 2011

Nationally, the unemployment rate decreased to 7.8 percent in September, and total nonfarm payroll employment rose by 114,000. Employment increased in health care and in transportation and warehousing but changed little in most major industries.

The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.6 percent in September on a seasonally adjusted basis. Over the last 12 months, the all items index increased 2.0 percent before seasonal adjustment.

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