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SCOPE report shows Peoria economy slipping

Tue, 27 Aug 2013 11:49:27 CDT
By: Jim Browne

SCOPE report shows Peoria economy slipping The economic index for the Peoria Metro area, which includes Marshall, Tazewell, Woodford and Stark Counties, took another dip in the second quarter. That's according to the latest SCOPE report. The report shows unemployment up one percent from a year ago, much of that in the manufacturing sector which shed nearly 3,000 jobs over the past year. Bernard Goitein, Director of the Center for Economic Research at Bradley University which compiles the report, says the manufacturing in Peoria is being replaced as a major economic engine by health care:

Goitein says Health care added over 700 jobs in the second quarter of this year. The overall summary index of the economy in Metro Peoria for the second quarter was 95.4, 1% lower than the first quarter, and down 2.4% from one year ago. Bernard Goitein says many of the manufacturing jobs lost in the first half of the year will probably re-bound as demand for products increases.

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