News

Flash Index Maintains Its Pace

Flash Index Maintains Its Pace

Illinois’ economy is in the slow lane, says the author of the University of Illinois Flash Index.

The measure of economic growth – or contraction – is a weighted average of personal income, corporate earnings, and consumer spending, with 100 the break-even mark between growth and contraction.

The Flash Index for June is at 106, down from 106.2 in May. It’s been stuck between 106 and 107.2 for the past year, says economics professor Fred Giertz.

“I think it’s partially an aftermath of the winter,” says Giertz. He also points to the second revision of the GDP, showing an unexpected decline in the nation’s economy in the first quarter.

As for which gubernatorial candidate would make Illinois’ economy better, “it is hard to argue that what is going on in the state has some bad effect … but people have to decide for themselves which of the candidates will bring us back. And, clearly, it’s not an easy task; if it were, we would already be improving.”

 

Recent Headlines

in Music

Ed Sheeran surprises newlyweds at wedding reception

Ed Sheeran performs at the 57th annual Grammy Awards on Sunday, Feb. 8, 2015, in Los Angeles.

Ed Sheeran surprised a pair of newlyweds at their wedding reception by singing Thinking Out Loud for their first dance.

in Music

Taylor Swift named among world’s greatest leaders in new Fortune poll

Singer Taylor Swift attends the SNL 40th Anniversary Special at Rockefeller Plaza on Sunday, Feb. 15, 2015, in New York.

Taylor Swift ranks two spots behind Pope Francis in a new Fortune.com poll of the World's Greatest Leaders.

in Entertainment

‘Downton Abbey’ to end after season six

This photo released by PBS and Carnival Film and Television Limited shows, from left, Lesley Nicol as Mrs. Patmore, and Sophie McShera as Daisy, in a scene from season four of the Masterpiece TV series, "Downton Abbey." As it returns for its much-awaited fourth season, it remains a series about elegance, tradition and gentility, and the pressures of preserving them. The show premieres Sunday, January 5, 2014 at 9 pm ET on PBS.

Producers confirm that the next season of "Downton Abbey" will be the last.

in Music

Chris Daughtry heading back to TV

Chris Daughtry arrives at the American Music Awards at the Nokia Theatre L.A. Live on Sunday, Nov. 24, 2013, in Los Angeles.

Former American Idol contestant Chris Daughtry is heading back to the small screen for the new TV series "Studio City."

in Music

Ed Sheeran splits from girlfriend

Ed Sheeran poses for photographers upon arrival at the Victoria's Secret fashion show in London, Tuesday, Dec. 2, 2014.

Ed Sheeran is single again after splitting from girlfriend Athina Andrelos.