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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