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

Janet Jackson kicks off world tour

16-overlay2

The "Rhythm Nation" hitmaker took the stage in an all-white ensemble and was joined by a group of young girls — her "JTribe" — to perform classic hits and songs from her upcoming 11th album, "Unbreakable."

in Entertainment

Nicholas Hoult to take on J.D. Salinger in new biopic

nicholashoult

The British actor will portray the beloved American author in "Rebel in the Rye."

in Entertainment

‘Spectre’ could be Daniel Craig’s last ‘Bond’ movie

danielcraig

The British star, whose turn in "Spectre" marks his fourth time playing 007, has now admitted he has no current plans to appear in another Bond movie

in Music

Smokey Robinson gets tribute treatment in Cleveland

smokeyrobinson

Case Western Reserve University and the Rock and Roll Hall of Fame are going to spend a week studying and celebrating Smokey Robinson.

in Viral Videos

WATCH: Truck vs. Tree

17-overlay

Witness the power!