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Record Number of Applications Submitted for Event that Supports Next-Generation Innovation and Entrepreneurship, a Key Component of Plan for Economic Growth and Jobs

The Federal Reserve Bank of Chicago released June 2014 figures for its Midwest Economy Index (MEI), a weighted average of 129 indicators designed to measure nonfarm business activity in the Midwest (IL, IN, MI, WI, IA).

This morning, the US Bureau of Labor Statistics (BLS) released preliminary June 2014 unemployment rates for all Metropolitan Statistical Areas (MSAs). The unemployment rate measures the percentage of the local workforce that reports itself as being out of work, information that the government collects by surveying households.

This morning, Standard & Poor’s (S&P) released May 2014 values for its Case-Shiller Home Price Index, which tracks the prices of existing single-family homes in 20 U.S. metro areas.

Last month, the Federal Communications Commission (FCC) released new data that show statewide increases in broadband connections in 2013. World Business Chicago examined these numbers in its latest contribution to the Illinois Innovation Index published today.

Today, the Illinois Department of Employment Security (IDES) released preliminary June 2014 unemployment rates for municipalities across the state.

Seasonally adjusted real average hourly earnings were unchanged from May to June; the result of a 0.2 percent increase in average hourly earnings that was offset by a 0.3 percent increase in inflation (as measured by the Consumer Price Index for All Urban Consumers).

Latest monthly tourism statistics including hotel and air passenger trends for Chicago. 

The Chicago Metro Area Consumer Price Index for All Urban Consumers (CPI-U) increased from 229.61 last month to 230.48, meaning goods and services that cost $100.00 in the 1982-84 base period cost an additional $130.48 in June 2014.

This morning, the Illinois Association of Realtors (IAR) reported that residential sales in the city of Chicago rose 1.2 percent year-over-year with 2,761 sales in June 2014 compared to 2,729 in June 2013.

World Business Chicago’s 2013 annual report showcases a year of growth and transformation for WBC and a notable year for business and economic development throughout the region.

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