Thursday, November 29, 2012

Biz Barometer

Pekin’s sales tax disbursement received from the state in November was 15.3% more than November of 2011.

Pekin’s sales tax disbursements received from the state for the last 3 months were 5.9% greater than the same three months in 2011.

The other three large communities on the east side of the Illinois River showed mixed results in sales tax disbursements received in November, compared to November of 2011: Morton (-7.4%), East Peoria (+1.8%), and Washington (+5.1%)

For the 12-months ending in November, all four communities showed an increase in sales tax receipts from the state, compared to the 12-months ending in November of 2011: East Peoria (+13.3%), Pekin (+5.9%), Morton (+4.6%), and Washington (+3.1%)

The number of residential units sold in the 61554 zip code in the first 10 months of 2012 was 3.3% great than the same period in 2011.

The other large Tazewell County communities are showing large increases in residential unit sales for the first ten months of 2012, compared to 2011: East Peoria (+40.0%), Washington (+30.8%), and Morton (+26.6%)

The average sales price of residential units in the 61554 zip code for the first ten months of 2012 is $108,030. That is a 3.3% 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 ten months of 2011: Morton (+11.8%), East Peoria (+3.7%), and Washington (+2.7%).

The unemployment rate in Pekin in October fell to 8.2%, which is down slightly from 8.3% in September of 2012 and 9.6% in October of 2011.

The October unemployment rate in the Peoria region stood at 7.7%, down from October 2011’s rate of 8.3%.

The number of people employed in Pekin in October was 16,494, which is 107 (-0.6%)less than the employment level in October of 2011

Nationally, the unemployment rate remained unchanged at 7.9% at the end of October. Total non farm employment increase by 171,000, mostly in professional and business services, health care, and retail trade.

The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.1 percent in October on a seasonally adjusted basis. Over the last 12 months, the all items index increased 2.2 percent before seasonal adjustment.

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