Tag Archives: Economy

Rockford Register-Star: Jobless rate in Boone, Winnebago counties at 7.2 percent for December

The jobless rate in Boone and Winnebago counties in December was 7.2 percent, up from 6.9 percent in the same month in 2014, the Illinois Department of Employment Security said today. In November, the rate was 7.5 percent for the two counties. Statewide, the unemployment rate increased in 11 regions and stayed the same in three in December. The statewide rate was 5.9 percent.Boone and Winnebago counties had one of the highest unemployment rates in the . . .

State Journal-Register: New normal? Area home sales highest since 2007

The Springfield housing market appeared to return to normal in 2015 — or at least a post-recession normal. Sales of 3,787 homes last year were the highest since the housing crisis hit in 2007, according to figures released Wednesday by Capital Area Realtors. The median sale price of $118,900 was a record for the market. Foreclosure sales were at a five-year low of 326. Despite the improvement, sales remained well below the pre-recession levels of 4,000-plus homes per year . . .

Lincoln Courier: Illinois grain-farm income down 81 percent this year

A sharp drop in Illinois grain-farm income for 2015 could continue for several years as a result of low commodity prices, according to University of Illinois projections released Wednesday. The average $20,000 profit projected this year compared with $104,000 in 2014 would be at levels not seen since 1998 through 2002. The 81 percent drop follows eight years of mostly rising prices, yields and income, including as a result of increased use of corn for ethanol productions. Farmland . . .