R | E | A | L

The University of Illinois at Urbana-Champaign

Regional Economics Applications Laboratory

CALENDAR

Calendar

05/03/2019
REAL Seminar Series

This week: Claudia Montanía, Xiang Gao and Rafael Campos
More Info


Calendar

05/15/2019
16th EU-REAL Workshop

Abstract submission deadline for the 16th EU-REAL Workshop in Pescara, Italy
More Info


Calendar

05/31/2019
8th SHAIO

Abstract submission deadline for the 8th Spanish Input-Output Analysis Conference in Santiago de Compostela, Spain
More Info


Calendar

07/01/2019
65th NARSC

Abstract submission deadline for the 65th Annual North American Meetings of the Regional Science Association International in Pittsburg, PA
More Info




NEWS

News

3rd REAL-China Meeting at Nankai University
02/23/2019

News

Dr. Raquel Langarita received her PhD at the Universidad de Zaragoza
01/03/2019

News

Dr. Mark Brown at UIUC
11/16/2018

News

8th Asian Seminar in Regional Science
09/07/2018

News

Fall 2018 REAL Members - Research Info
08/13/2018

News

REAL's 25th Anniversary
Wed, Nov 12th, 2014
Washington D.C.




PUBLICATIONS

Publications

Does proximity to school still matter once access to your preferred school district has already been secured?
Huang, Y. and Dall'Erba S.
REAL 19-T-2

Publications

The U.S. Interstate Trade Will Overcome the Negative Impact of Climate Change on Agricultural Profit
Chen, Z. and Dall'Erba S.
REAL 19-T-1

Publications

Transport infrastructure and the geography of foreign direct investments in Turkey
Ozcan, I.
REAL 18-T-7

Publications

The Impact of High-Speed Railway on Urban Growth: A Multi-Scale Spatiotemporal Approach
Ozcan, I.
REAL 18-T-6

Publications

Economic Crisis and Youth Unemployment in Europe: the Role of Regional Specialization Through a Spatial Quantile Approach
Carrascal, A. and Gutierrez, D.
REAL 18-T-5

Publications

The Impact of High-Speed Railway on Urban Growth: A Multi-Scale Spatiotemporal Approach
Pan, H., Chen, P., Dall'erba, S. and Zhang, Y.
REAL 18-T-4



REPORTS

Reports

Illinois Economic Review - May
Released: 06/26/2019

Reports

Illinois Job Index - May
Released: 06/26/2019

Reports

MSA Job Report - May
Released: 06/26/2019

Reports

Chicago Business Activity Index (CBAI) - Jul
Released: 07/17/2019

Reports

Illinois MSA Indices and Forecasts - May
Released: 06/26/2019

Welcome to R|E|A|L

The Regional Economics Applications Laboratory focuses on the development and use of analytical models for urban and regional forecasting and economic development.






REAL Seminar Series - Spring 2019

NEXT SEMINAR: May 3rd

When:

Fridays, 3-4:00pm


Where:

51 Mumford Hall


More Information and Schedule:

On this page

Claudia Vanessa Montanía Portillo
Ph.D Student, University of Extremadura

Analyzing the growth of international trade:
looking for a more comprehensive shift-share


Xiang Gao
Ph.D. Student, Chinese Academy of Sciences

Relative Advantage Production Position in Global Value Chain


Rafael Faria de Abreu Campos
Ph.D. Student, Federal University of Minas Gerais

Environmental quality and the Human Development Index in Minas Gerais (Brazil)




International Network


EU-REAL REGIOlab REGIOlab




Monitoring the IL Economy



Illinois Economic Review Report - May

- The 12-month forecast shows that Illinois is likely to experience an employment increase of 44,100 jobs by April 2020. The greatest increase is likely to occur in Education & health (18,800 more jobs).

- The state of Illinois now has a net gain of 197,100 jobs since the beginning of the recession in December 2007. Given Illinois economic performance of late, recovery to the prior peak (adjusted for changes in labor force participation and population growth) recorded in 2000 within five years would seem feasible.

See the full report (Released: 06/26/2019)


Illinois Job Report - May

Employment Chart IL

- Illinois gained 20,900 jobs in April 2019. The sectors that gained jobs were Construction (7,500 more jobs), Leisure & hospitality (7,300 more jobs), Professional & business services (7,100). The sectors that lost jobs in April in Illinois were Information (-900 less jobs), Manufacturing (1,500 less jobs), and Trade, transportation & utilities (800 les jobs).

- In April, Illinois’s official unemployment rate was 4.4% while its shadow unemployment rate was 9.1%. To bring the two rates together, in other words bringing down shadow unemployment rate to 4.4%, another 346,000 jobs need to be created.

- The Nation added 224,000 jobs at a rate of 0.15% in April, compared with a revised 153,000-job gain in March 2019. There was a growth in four sectors, namely Construction (30,000 more jobs), Education & health (73,000 more jobs), Professional & business services (62,000 more jobs).

- The RMW added 13,400 jobs in April after a 7,300-job gain in March 2019.

- The 12-month-ahead job recovery forecasts show that the future recovery rates in Illinois will increase for every sector except Information and Trade, transportation & utilities.

See the full report (Released: 06/26/2019)


MSA Job Report - May

- Illinois Rural area added 9,200 jobs at 1.23% this month, compared to a revised 3,000-job gain in March 2019. At the same time, Metro added 11,700 jobs at 0.22% in April, compared to a revised 9,100-job loss in the previous month. Consequently, the 20,900-job gain in Illinois was mainly driven by a job increase in all areas.

- In Chicago, Professional & business services had the greatest monthly job-gain among all sectors (11,600 more jobs) in April, while Manufacturing had the greatest decline (1,100 less jobs). Since the job recovery resumed in January 2010 in Illinois, Chicago has shown an average growth rate over the 2010-2019 period of 11.46%, which is the highest among all the IL MSAs; Bloomington-Normal has experienced the lowest average growth rate, -4.06%.

- The 12-month forecasts show that Chicago is likely to experience a 0.06% job gain by April 2020 (2,500 more jobs). The greatest 12-month growth in Chicago is likely to happen for Leisure & hospitality (9,200 more jobs) but the greatest decline would be for Manufacturing (-10,800).

See the full report (Released: 06/26/2019)


The Chicago Business Activity Index (CBAI) - Jul

- The Chicago Business Activity Index (CBAI) decreased to 89.2 in May from 95.2 in April. The decrease is mainly attributed to negative nonmanufacturing and construction job growth and a sharp decline in retail sales.

See the full report (Released: 07/17/2019)


MSA Business Index and Forecast - May

- According to the forecast for March 2020, Bloomington-Normal, Champaign-Urbana, Davenport-Rock Island-Moline, Peoria and Rockford are likely to perform better over this period than Chicago. All the other MSAs will fare less well than Chicago.

See the full report (Released: 06/26/2019)






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