Peoria Public Radio Staff
Thu August 1, 2013
State economic index shows improvement
“It has been falling. But this is not a usual recovery. Usually, a recovery takes place, and four years after the recession, we’re back to what we might consider a normal or acceptable unemployment rate, maybe five or six percent. So, we’re still a long ways away from that.”
The Flash Index rose to 106-point-5 in July, up two tenths of a point from June, to reach its highest point since 2007. The Index is based on state income, sales and corporate tax receipts. Any reading above 100 represents economic growth.