Recession-proof? Some in Springfield wonder
An economic snapshot
November unemployment:
Springfield area: 4.4 percent
Illinois: 5.2 percent
Nation: 4.8 percent
Existing home sales
Springfield area: Up 6.2 percent in November; 2007 year-to-date sales down 2.8 percent
Illinois: Down 20.4 percent in November; 2007 year-to-date sales down 16.3 percent
Nation: Up 0.4 percent in November; 2007 year-to-date down 20 percent
Median home sale price, November 2007 compared to November 2006
Springfield: $94,900, down 4 percent
Illinois: $193,000, down 3 percent
Nation: $210,200, down 3.3 percent
Average annual state government employment in Springfield, 1997-2007
1997: 21,800
1998: 21,700
1999: 20,800
2000: 19,700
2001: 20,000
2002: 20,000
2003: 17,300
2004: 17,200
2005: 17,200
2006: 17,200
2007: 17,400 (preliminary through November)
Sources: Capital Area Association of Realtors, Illinois Association of Realtors, Illinois Department of Employment Security