Biz Barometer
Pekin’s sales tax disbursement received from the
state in December was 19.9% more than December of 2011. December disbursements typically represent
sales taxes collected by merchants in October.
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Pekin’s sales tax disbursements received from the
state for the last 3 months were 10.6% 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 showed mixed results in sales tax disbursements
received in December, compared to December of 2011: Morton (+2.8%), East Peoria (-20.5%), and
Washington (-0.8%)
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For the 12-months ending in December, all four
communities showed an increase in sales tax receipts from the state, compared
to the same 12-months a year ago: East
Peoria (+7.7%), Pekin (+7.3%), Morton (+4.1%), and Washington (+2.5%)
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The number of residential units sold in the 61554
zip code in the first 11 months of 2012 was 5.0% great than the same period
in 2011.
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The other large Tazewell County communities are
showing large increases in residential unit sales for the first eleven months
of 2012, compared to 2011: East Peoria
(+30.0%), Washington (+27.0%), and Morton (+26.2%)
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The average sales price of residential units in the
61554 zip code for the first eleven months of 2012 is $108,833. That is a 2.6% increase over the same
period in 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 eleven months of
2011: Morton (+10.2%), East Peoria (+5.9%),
and Washington (+3.2%).
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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.
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The October unemployment rate in the Peoria region
stood at 7.7%, down from October 2011’s rate of 8.3%.
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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
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Nationally, the unemployment rate edged down to 7.7% in
November. The total nonfarm payroll
employment rose by 146,000. Employment
increased in retail
trade, professional and business services, and health
care.
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The Consumer Price Index for All Urban Consumers (CPI-U)
declined 0.3 percent in November on a seasonally adjusted basis. Over the
last 12 months, the all items index increased 1.8 percent before seasonal
adjustments.
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