Peoria Sees Job Growth, But Still Lags Behind the Pack

While the Peoria Metropolitan Area is showing job growth, it still lags national averages. 

That’s according to Bradley University Professor Bernard Goitein, who helps develop the area’s quarterly composite index. He said the average seasonally adjusted US unemployment rate is 3.6%. Peoria’s is 5.3%.

But Goitein says both data sets show reduced unemployment rates from quarter one.

 Despite job growth, home sales are down from 2018.

Goitein says there were fewer homes available to sell, fewer homes sold, and that those homes were sold at lower prices than last year.

However, there are 13.1% more homes on the market than last quarter and they are 3% higher in price.