The economic comeback is not moving very quickly, according to the University of Illinois Flash Index, a monthly reading of the state’s economic performance. On a scale on which 100 marks the cut-off between growth and contraction, the index has plateaued at a range of 104.6 to 104.9 since December. The March index, says study author Fred Giertz, is 104.7.
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“We have to grow faster to work down the unemployment,” says Giertz. “The problem is that, with increased efficiency, and a backlog of people who are not in the labor market … it takes a lot of growth – fairly strong growth – to make any headway there, and we are not doing that right now.” The index considers consumer spending, corporate earnings, and personal income