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

2 hours ago in Entertainment

Today in entertainment history: Feb. 9

simpsons

A look back at some of Hollywood's biggest headlines.

14 hours ago in Entertainment

Hugh Jackman had skin cancer – again

hughjackman

The "X-Men" star is recovering after his fifth skin cancer surgery in two years.

18 hours ago in Viral Videos

Elton John carpool karaoke

19-overlay

James Corden asks Elton John to help him navigate Los Angeles on a rainy day.

20 hours ago in Music

After dominating Super Bowl halftime, Beyoncé announces world tour

25-overlay-3

The 40-date concert series will mark her first solo headlining tour since her 2013 Mrs. Carter shows.

21 hours ago in Music

No surprise, Adele named world’s top selling artist of 2015

adele

The British superstar saw off competition from fellow singers Ed Sheeran and Taylor Swift to be honored as the global artist of the year.