Friday, Oct 24, 2014
Quincy, IL News - QuincyJournal.com
Trending on the Journal

Recent Comments

tts - QPD Blotter for 10/23/14 - Quincy, IL News - QuincyJournal.com
Sounds to me like an insurance scam!
GoSalukis - GREDF supports Quincy School Building Referendum - Quincy, IL News - QuincyJournal.com
The real question is: Who in the world is looking to GREDF for voting guidance? Yawn.
mwhunter45 - REBEL MEDIA: So I have a sign in my yard - Quincy, IL News - QuincyJournal.com
I understand that teacher's do not have opulent salaries but the statement about throwing good money after bad is biased. From what I have heard, the schools are structurally sound. Also, the state should not have tell us what repairs have to be made as they should have been completed as necessary. Doesn't the school district have paid staff to understand the state laws for maintenance…
pjohnf - Rauner makes Quincy stop on downstate swing - Quincy, IL News - QuincyJournal.com
Rauner doesn't have to tell voters in Cook County to vote. they'll be voting early and often anyway, heck even dead ones vote in Cook county and republicans vote for democrats when using faulty voting machines.
TheyRclueless - QPD Blotter for 10/23/14 - Quincy, IL News - QuincyJournal.com
Stolen was a purse, wallet, credit card, iPad, 18-inch TV, GPS, cash, diamond earrings with matching necklace, and sunglasses. Doesn't everyone keep those items on an unlocked car behind your house?

Most Popular

School Board to outline plans for savings, old buildings if referendum passes

Illinois Early Voting starts: Cook County ballot box tries to cast GOP votes for Democrats

Bill Clinton to address workers at pro-Quinn rally

Upcoming Adams County blood drives

Quincy School Board pledges to reinvest savings from new buildings

Quincy man accused of theft from elderly woman

Several honored during C-SC Homecoming

Avenue of Lights annouces Advantage Program

Report: Illinois' consumer spending rebounded fast

2 months, 2 weeks ago by Associated Press

Consumers spent more in 2010 than they had before the downturn

Illinois consumers spent more in 2010, just a year after the worst of the Great Recession, than they had in the years before the economic downturn, according to new data released Thursday by the U.S. Bureau of Economic Analysis. And the growth of consumer spending in the state has outpaced the country since that 2009 low.

The new state-level data also included information on where consumers spend the most money - housing and utilities and health care top the list.

On average, consumer spending in Illinois increased 11.3 percent between 2009 and 2012. It rose from $32,607 per person in 2009 to $36,292 in 2012, the most recent year included in the data. Nationally, per capita spending increased 10.7 percent.

In 2010, Illinois residents spent $33,690 annually on consumer goods, topping even the boom years in the early 2000s. That data wasn't adjusted for inflation.

University of Illinois economist Fred Giertz said the numbers provide one measure of the degree to which the state has rebounded.

"It tells us that the economy is growing again and things are getting better, but it's the same old story. It's probably not growing as fast as it would have" without the recession, he said.

But Giertz also said he wasn't surprised that consumer spending in the state has outpaced the national average since Illinois residents have larger incomes. According to U.S. Census data, the median income in 2012 in Illinois was $51,738. The national median was $51,017.

Illinois has been slower to bounce back from the recession than the country as a whole by many measures, among them unemployment. Though the rate fell in recent months, unemployment runs about a percentage point higher than the national rate. Unemployment was at 7.1 percent in Illinois in June while the national jobless rate was 6.1 percent.

Consumer spending in Illinois and the Great Lakes region has grown by identical 11.3 percent rates since 2009. The region is made up of Illinois, Indiana, Michigan, Ohio and Wisconsin.

The new data also broke down consumer spending by category. Illinois residents spend more on the combination of housing and utilities than anything else - $6,143 per person in 2012, or 16.9 percent of their annual consumer spending. Health care is a close second at $6,028, or 16.6 percent.

Link: http://hosted.ap.org/dynamic/stories/I/IL_CONSUMER_SPENDING_ILLINOIS_ILOL-?SITE=ILBLO&SECTION=HOME&TEMPLATE=DEFAULT

 


From the Newsroom

Bob Gough on Twitter

Bob Gough 1 hour, 25 minutes ago

Every time a liberal spouts "B-B-B-Bush!!!" after an Obama error, an angel loses its wings.
Bob Gough on Twitter

Bob Gough 1 hour, 31 minutes ago

@ToDisparage @SharylAttkisson Perhaps I didn't like it when the previous administration did it either.
Bob Gough on Twitter

Bob Gough 12 hours, 42 minutes ago

@daverichard I cut him today.
Bob Gough on Twitter

Bob Gough 12 hours, 56 minutes ago

RT @SharylAttkisson: WHAT'S THE BIG SECRET?Why did Pres. Obama use executive privilege to withhold my Fast & Furious Freedom of Info docs? …