State Stix

In May, the state's general funds end-of-month balance was $23.84 million; the average daily available balance was $64.27 million, and the combined funds end-of-month balance was $88.29 million. . . . The final statewide seasonally adjusted unemployment rate in May was 12.0 percent. Final seasonally adjusted unemployment rates in March in the state's Standard Metropolitan Statistical Areas were: Bloomington-Normal, 8.7 percent; Champaign-Urbana-Rantoul, 6.6 percent; Chicago, 11.3 percent; Davenport-Rock Island-Moline (Illinois sector), 17.5 percent; Decatur, 16.5 percent; Kankakee, 18.7 percent; Peoria, 17.4 percent; Rockford, 16.7 percent; Springfield, 10.0 percent; East St. Louis (Illinois sector), 13.2 percent. . . . The May comptroller's report analyzes the effects of unemployment and high interest rates on the sources of personal income. Wages, salaries and profits accounted for 63.5 percent of personal income earned by Illinoisans in 1982, a 6.6 percent drop from 1979 when 70.1 percent of the state's personal income came from these sources. In contrast, the share of personal income derived from unemployment benefits, social security and welfare benefits rose from 11.0 percent in 1979 to 13.6 percent in 1982. An even greater gain was shown in the share of personal income derived from rents, dividends and interest payments, which rose in Illinois from 16.4 percent in 1979 to 20.6 percent in 1982.

July 1983 | Illinois Issues | 29