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Expert Says Recession is Ending
Illinois' economic comeback is not fast. The Flash Index, a monthly report aggregating corporate income, personal income, and retail sales, went down from March to April, from 91.8 to 91.0. The University of Illinois' Institute of Government and Public Affairs puts together the report. A number above 100 indicates economic growth; below 100 indicates contraction.

Economics professor Fred Giertz says the unemployment rate and Flash Index look back, not forward, which is one reason why we are hearing reports of strong stock market performance. The stock market tends to anticipate results.

He says as companies cut back on staff, they often get used to producing with fewer people and do not see the need to hire back people when demand grows.

Illinois' unemployment rate for March was 11.5 percent. The national rate was 9.7 percent.

(Illinois Radio Network)
05 04 10 by Newsroom
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