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April 19, 2014, 9:07 pm
970 WMAY News

U of I Economist: Illinois Economy ''Clearly'' Getting Better, But Not Quickly


A University of Illinois economist says the state’s economy is “clearly” getting better… but is not rebounding from the recession as quickly as during past recoveries. 

 

J. Fred Giertz (GIRTS) is responding to the latest U of I “Flash Index,” which averages growth rates in corporate profits, personal income and consumer spending.  The index is above 100 for the second straight month, signaling continuing economic growth after several years of decline. 

 

But Giertz notes that unemployment remains high and is not falling as quickly as it did after other recessions.

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