Tuesday, November 26, 2013

Biz Barometer

Pekin’s sales tax disbursements received from the state in November were 10.7% less than November of 2012.  November disbursements typically represent sales taxes collected by merchants in August.

Pekin’s sales tax disbursements received from the state for the last 3 months were 4.1% less than the same three months a year ago.

The other three large communities on the east side of the Illinois River received more sales tax disbursements in November, compared to November of 2012:  Morton (1.8%), Washington (2.0%) and East Peoria (18.6%%).  .

For the 12 months ending in November, Pekin (+7.7%), East Peoria (+5.5%), and Washington (+2.2%) all received more sales tax disbursements than the 12 months ending in November of 2012.  Morton’s sales tax disbursements received from the state were about equal with the same period from the previous year.    

The Consumer Price Index for All Urban Consumers (CPI-U) decreased 0.1 percent in October on a seasonally adjusted basis.  Over the last 12 months, the all items index increased 1.0 percent before seasonal adjustment.

Nationally, total nonfarm payroll employment rose by 204,000 in October, and the unemployment rate was little changed at 7.3 percent

(Source:  Peoria Area Association of Labor, Illinois Department of Revenue, Bureau of Labor Statistics, Illinois) Department of Employment Security)

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