Illinois’s economy continues to grow, but the rate of growth is showing more signs of slowing down.
That’s according to the University of Illinois Flash Index, which measures economic activity by looking at various factors, including corporate earnings, consumer spending, and personal income.
U of I economists say the data remains a mixed bag, with first-quarter GDP falling to just one-point-one percent and layoffs increasing in the tech sector. But at the same time, unemployment keeps falling, and is near post-World War II lows.
The Flash Index fell from 103.1 in March to 102.9 in April. Any number above 100 signals growth, but smaller numbers mean slower growth.
