The U.S. economy grew at a slightly faster rate in the summer than previously reported, mainly because businesses restocked their goods at a stronger pace than first thought.
U.S. home resales fell more than expected in October, with large declines in regions which have experienced the biggest price gains, but the underlying trend suggested housing remained on firmer footing. The National Association of Realtors said on Monday existing home sales declined 3.4 percent to an annual rate of5.36 million units. September’s sales pace was unrevised at 5.55 million units and was the second highest since 2007.
Illinois homes sales were down 2.8 percent last month over October 2014
Median prices rose 6.3 percent between October 2015 and October 2014
Illinois Association of Realtors cite tightened inventory for the sales decline
Illinois employment rate decreased by 0.1 percent in October
The unemployment rate dipped slightly to 5 percent, according to the report from the agency’s Bureau of Labor Statistics.
Growth came in at a 1.5 percent annual rate, a sharp slowdown from the 3.9 percent gain in the previous quarter. Companies cut back on the amount of goods on shelves, but consumers continued to spend.
According to the latest jobless figures from the Illinois Department of Employment Security, Kankakee County’s September unemployment rate fell by a full percentage point when comparing September 2015 to September 2014.
Jefferson County unemployment came in at 6.2 percent for September, down from 6.4 percent in August.
The Illinois Department of Employment Security reports the jobless rate dropped in September in all of the metro areas the agency tracks. But the department’s director says that job growth remains weak. The department said Thursday that unemployment fell in all 14 metro areas. It was the 19th straight month of across-the board improvement.The lowest rate was 4.3 percent in . . .
The jobless rate in Winnebago and Boone counties in September was 6.2 percent, down from 7.1 percent a year ago as well as the 6.5 percent logged in August, the Illinois Department of Employment Security reported today.September was the 19th month in a row that unemployment rates fell in every metro area in the state.Decatur, with a 6.4 percent jobless rate in September, was the only metropolitan area in Illinois with a higher rate than the Rockford . . .