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BN looking good, by the numbers

Thu, 20 Dec 2012 16:51:14 CST
By: Lee Strubinger

Bloomington-Normal continues to lead the state in lowest unemployment numbers among similar sized cities, according to a McLean County business development institution. Speaking at the Economic Development Council's quarterly BN By the Numbers event, the EDC's Ken Springer says previous quarters had positive outcomes. He says both Bloomington and Normal had strong retail sales numbers.

"Specifically, the city of Bloomington had two really, really strong quarters. The thing that's surprised me the mostin doing these presentations during 2012 is the rebound in housing. Both new home sales and sales of existing homes are up from where they were last year."

Springer says home re-sales are up by 400 units over the year and 2012 saw a decrease in foreclosures. He says housing indicators are positive. Springer says unemployment is in a gradual decline. He says it's slower than typically associated with economic recovery.

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