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Peoria economy continues to grow

Tue, 15 May 2012 12:06:33 CDT
By: Jim Browne

Peoria economy continues to grow The economy in Peoria continues it's slow climb from the recession, that's what the SCOPE, or Statistical Composite survey of the Peoria area Economy shows. There were nearly 2-and-a-half percent more jobs in the Peoria Metro area the first quarter of this year compared to one year ago, and unemployment fell to 8.2%, just below the state average. Bernard Goitein with Bradley University's Center for Business and Economic Research, which compiles the study, says the real estate market's experiencing a resurgence too:


Goitein says single family home building permits were up nearly 25% from a year ago, reducing the housing inventory, and lending strength to home prices. A new list by NewGeorgraphy.com calls Peoria the 11th best city for job growth in the nation among midsized cities, just behind Grand Rapids Michigan.


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