archive-edu.com » EDU » U » UILLINOIS.EDU

Total: 1146

Choose link from "Titles, links and description words view":

Or switch to "Titles and links view".
  • Flash Index remains steady in October, shows no obvious negative impact of federal shutdown on economy | Institute of Government and Public Affairs
    Flash Index fell very slightly in October to 106 9 from its 107 0 reading in September This suggests that the Illinois economy is still expanding at a modest but steady rate This has been the case for the past several months The October results do not show any obvious negative impact of the federal shutdown on the Illinois economy said J Fred Giertz who compiles the index for the university s Institute of Government and Public Affairs The Flash Index cannot measure the direct effect of the shutdown on the economy but a steady reading indicates that the state economy apparently remained unscathed in October despite political turmoil at the federal level The shutdown did affect the release of the Illinois state unemployment rate which is still unavailable However the U S rate declined by only one tenth of a percent which indicates that the state rate likely remained steady as well Two components of the index individual and corporate income tax receipts were down slightly in real terms compared to the same month last year while sales tax receipts were up moderately The Flash Index is a weighted average of Illinois growth rates in corporate earnings consumer spending

    Original URL path: http://igpa.uillinois.edu/flash-index/2013/november-2013 (2016-02-17)
    Open archived version from archive


  • Strong increase in U of I Flash Index signals economic growth, but unemployment remains unchanged | Institute of Government and Public Affairs
    Seminar 2009 Seminar Study Centers Office of Public Leadership Regional Economics Applications Laboratory Strong increase in U of I Flash Index signals economic growth but unemployment remains unchanged The Flash Index registered a strong increase in September rising to 107 0 from its 106 5 level last month This is a new post recession high and the highest level since April 2007 when the index stood at 107 4 The reading is well above 100 the dividing line between growth and decline However a disconnect remains between the unemployment rate and other measures of economic activity such as the Flash Index and GDP The national unemployment rate has fallen over the past year but remains well above 7 percent which is high in comparison to past recoveries Unemployment in Illinois is even more dire than the national rate said economist J Fred Giertz who compiles the index for the university s Institute of Government and Public Affairs The state rate is 9 2 percent This is the same as one year ago and the second highest in the nation only Nevada s rate is higher The expanding Illinois economy has not experienced sufficient growth to reabsorb the unemployed while creating jobs for new workforce entrants All three components of the index individual income and sales tax receipts were up in real terms compared to the same month Corporate and individual tax receipts were up substantially while the increase in sales tax receipts was more moderate The Flash Index is a weighted average of Illinois growth rates in corporate earnings consumer spending and personal income Tax receipts from corporate income personal income and retail sales are adjusted for inflation before growth rates are calculated The growth rate for each component is then calculated for the 12 month period using data through

    Original URL path: http://igpa.uillinois.edu/flash-index/2013/october-2013 (2016-02-17)
    Open archived version from archive

  • U of I Flash Index holds steady; economic growth in Illinois crawling | Institute of Government and Public Affairs
    Laboratory U of I Flash Index holds steady economic growth in Illinois crawling IGPA s Flash Index for August shows that economic growth in Illinois is continuing but that the pace of that growth has slowed to a crawl The Flash Index remained at 106 5 in August the same level as the previous month The reading of 106 5 is the highest for the Flash Index since it stood at 106 7 in July 2007 which was before the 2007 2009 recession began It should be remembered that this does not mean the Illinois economy is not growing just that growth is not accelerating said economist J Fred Giertz who compiles the Flash Index each month for the university s Institute of Government and Public Affairs A Flash Index level of 100 marks the dividing line between economic growth and decline Recently released national data indicate that the national economy in the second quarter of 2013 grew at a faster pace than originally reported 2 5 percent vs 1 7 percent Giertz said This is consistent with the relatively strong performance of the Flash Index during this period But we also note again that the growth of the Illinois economy has made little impact on the unemployment rate which increased slightly in July to 9 2 percent As with July two components of the index individual income and sales tax receipts were up moderately in real terms in August compared to the same month a year earlier while corporate tax receipts were down by a small amount The Flash Index is a weighted average of Illinois growth rates in corporate earnings consumer spending and personal income Tax receipts from corporate income personal income and retail sales are adjusted for inflation before growth rates are calculated The growth rate for

    Original URL path: http://igpa.uillinois.edu/flash-index/2013/september-2013 (2016-02-17)
    Open archived version from archive

  • Another strong month for the Flash Index signals economic expansion, but unemployment continues to lag | Institute of Government and Public Affairs
    Another strong month for the Flash Index signals economic expansion but unemployment continues to lag The U of I Flash Index has registered a strong performance for the past four months in a row and continued this trend in July rising to 106 5 from its 106 3 level in June The index has increased steadily to its current level from 104 7 in April and is now at its highest level in six years Its most recent high was in July 2007 at 106 7 However unemployment continues to be a drag on the recovery Good news about the state s economic growth is tempered by the now familiar refrain that both the state and national unemployment rates remain very high for this stage of a recovery said economist J Fred Giertz who compiles the index for the university s Institute of Government and Public Affairs Illinois rate remains stubbornly in the 9 percent range four years after the end of the 2007 2009 recession The overall growth in the economy as indicated by the index s recent strong performance has not been sufficient to create enough new jobs to reabsorb the unemployed while accommodating new entrants into the workforce Although national economic growth was slow for the first half of 2013 many forecasters predict an acceleration of growth into 2014 with unemployment falling slowly Two components of the index individual income and sales tax receipts were up moderately in real terms compared to the same month while corporate tax receipts were down by a small amount The Flash Index is a weighted average of Illinois growth rates in corporate earnings consumer spending and personal income Tax receipts from corporate income personal income and retail sales are adjusted for inflation bef ore growth rates are calculated The growth rate

    Original URL path: http://igpa.uillinois.edu/flash-index/2013/july (2016-02-17)
    Open archived version from archive

  • Illinois economy ends first half of 2013 on a strong note | Institute of Government and Public Affairs
    a strong note The index again reached a higher level than before the 2007 2009 recession almost reaching the most recent high which occurred six years ago in June 2007 The Illinois unemployment rate was also looking better declining to 9 1 percent Although this is an improvement for the state it is still more than 1 5 percentage points above the national average While the economy continues its long slow recovery there appears to be considerable optimism that growth will continue and accelerate during the last half of 2013 and into 2014 said economist J Fred Giertz of the University s Institute of Government and Public Affairs According to Giertz the recovery from the recession is entering a new phase The Federal Reserve is considering an exit strategy from its unprecedented policy of low interest rates This should be good news as it indicates that the economy is growing stronger Giertz said However this also causes uncertainty in the financial markets that have benefitted from low interest rates All three components of the index individual income corporate and sales tax receipts were up in real terms compared to the same month The Flash Index is a weighted average of

    Original URL path: http://igpa.uillinois.edu/flash-index/2013/june (2016-02-17)
    Open archived version from archive

  • Flash Index up slightly in May; Unemployment continues to impede growth | Institute of Government and Public Affairs
    Seminar 2009 Seminar Study Centers Office of Public Leadership Regional Economics Applications Laboratory Flash Index up slightly in May Unemployment continues to impede growth After climbing by more than a full point in April the University of Illinois Flash Index held relatively steady in May rising just one tenth of a point to 105 9 The reading is the highest for the index since August 2007 when it stood at 106 The jump in the index to 105 8 in April from 104 7 the previous month was due to unusually large final tax payments however the state s unemployment rate remains high which is putting a drag on the state s recovery according to economist J Fred Giertz of the University s Institute of Government and Public Affairs The rate fell in April from 9 5 percent to 9 3 percent but it remains higher than one year ago and is still well above the 7 5 percent national jobless rate During the long and slow recovery from the 2007 9 recession growth in output has not been sufficient to bring down unemployment quickly because increases in productivity have limited the need for additional workers Giertz said Growth will need to accelerate to get back to pre recession levels Two components of the index individual and corporate income tax receipts were down in real terms compared to the same month last year while sales tax receipts were up by a small amount Giertz said The Flash Index is a weighted average of Illinois growth rates in corporate earnings consumer spending and personal income Tax receipts from corporate income personal income and retail sales are adjusted for inflation before growth rates are calculated The growth rate for each component is then calculated for the 12 month period using data through

    Original URL path: http://igpa.uillinois.edu/flash-index/2013/may (2016-02-17)
    Open archived version from archive

  • U of I Flash Index Rose Sharply in April, Reflects Stronger than Usual Tax Receipts for 2012 | Institute of Government and Public Affairs
    by the unusually large final payments for 2012 tax returns said J Fred Giertz who compiles the Flash Index for the Institute of Government and Public Affairs The Flash Index is calculated by looking at individual and corporate income tax receipts which together with the sales tax serve as an estimate of economic activity in the state Tax payments are expected to increase around Tax Day each year and the Flash takes this into account The index will only increase sharply if the tax payments for a given month are unusually large in a given year compared to the same month in past years In 2012 many taxpayers received higher than expected income for example through capital gains or bonuses When taxes were filed in April the taxpayers found that withholding and estimated payments failed to match their actual tax liabilities This necessitated unusually large final payments when 2012 tax returns were filed The April result does not necessarily reflect a surge in the Illinois economy Giertz said Instead it represents a kind of catch up of growth that occurred over 2012 While the increase in the index is welcome news it does not change the trend of very slow recovery from the recession that officially ended nearly four years ago The national economy grew at a 2 5 percent rate in the first quarter of 2013 Giertz said This is a positive sign compared to the sluggish results for the last quarter of 2012 However this growth was not sufficient enough to affect unemployment especially in Illinois where it is 9 5 percent almost two percentage points above the national rate As noted above two components of the index individual and corporate income tax receipts were up strongly in real terms compared to the same month last year which

    Original URL path: http://igpa.uillinois.edu/flash-index/2013/april (2016-02-17)
    Open archived version from archive

  • Immigration Ambivalence in Suburbia | Institute of Government and Public Affairs
    experienced a 332 percent increase in its largely Latino immigrant population since 1980 That s a near tripling of the population in less than 35 years Lake County provides a window into the landscape of communities that are experiencing rapid increases in immigrant populations wrote Maria Krysan Matthew Hall and Patrick Washington in a Chicago Area Study CAS Public Policy Brief released in April 2013 The policy brief zeros in on trends in attitudes toward the immigrant population held by native born residents in the Lake County region The overall message from our survey data is that there is deep ambivalence among native born Lake County residents about immigration the researchers wrote Immigrants and immigration are simultaneously admired resented and distrusted At the same time immigrants are part of the fabric of community life for the residents we talked to Some findings discussed in the policy brief include Residents living in the Lake County region have substantial contact with Latinos and or immigrants with 61 percent reporting interacting with co workers who are Latino every day or almost every day Despite fairly high levels of interaction with Latino immigrants native born residents have inconsistent attitudes and perceptions toward them the researchers report The study found that generally the respondents perceive the productivity and perseverance of Latino immigrants and only a minority of respondents endorse the belief that Latino immigrants are not willing or not at all willing to learn English However the study also revealed some resentment among the respondents A majority of respondents 55 and 61 respectively agreed that immigrants take American workers jobs and use too many government services Questions about immigration policy objectives revealed complexity in how natives think about immigration Many respondents supported policies that would negatively affect the immigrant population i e 54 percent supported

    Original URL path: http://igpa.uillinois.edu/content/immigration-ambivalence-suburbia (2016-02-17)
    Open archived version from archive