7am News, Sports and Obits
Latest WGIL news
Click to play or
Right click and "Save Target As" to download
Click for Galesburg, Illinois Forecast
Home - Cancellations - Community Events - Contact Us - Mornings - News - Obituaries - Pictures - Programs - Special Events Audio - Sports - Weather
Economic Recovery in Illinois Still Slow
The story of Illinois' economic recovery is going to be a long one, if the Flash Index is any indication.

The index, a weighted measure of corporate earnings, personal income, and retail sales, is at 91.3 for June.

That's up seven-tenths of one percent from the month before, but still well below the 100 that would indicate the break-even between growth and contraction.

Fred Geirtz, an economics professor with the University of Illinois' Institute of Government and Public Affairs, says people should be careful with their money and know how to protect based on their own circumstances.

"It all depends. If you have only $10,000 [to invest], be very careful if you put it in a money market fund," Giertz said. "If it's $10,000 in addition to some substantial other resources, then, I think it would probably be a good time to put it in the stock market. It depends where you are, and what that $10,000 means to you."

Geirtz adds that Amerians used to good times -- with about five percent unemployment -- have a long wait. Illinois' 10.8% rate is more than a percentage point above the national rate.
07 05 10 by Newsroom
News management powered by Xpression News

Click here for the WGIL News Archive

Click here for national news

The following provision applies to all visitors (which shall include persons and representatives of legal entities, whether such representatives are persons or digital engines of a kind that crawls, indexes, scrapes, copies, stores or transmits digital content). By accessing this Web site or digital service, you specifically acknowledge and agree that: (i) Associated Press text, photo, graphic, audio and/or video material shall not be published, broadcast, rewritten for broadcast or publication or redistributed directly or indirectly in any medium; (ii) No Associated Press materials nor any portion thereof may be stored in a computer except for personal and non-commercial use; (iii) The Associated Press will not be held liable for any delays, inaccuracies, errors or omissions therefrom or in the transmission or delivery of all or any part thereof or for any damages arising from any of the foregoing; (iv) The Associated Press is an intended third party beneficiary of these terms and conditions and it may exercise all rights and remedies available to it; and (v) The Associated Press reserves the right to audit possible unauthorized commercial use of AP materials or any portion thereof at any time.