Fourth Quarter 2015 Economic Indicators

 

Here is the economic indicators report for the fourth quarter of 2015.

 

Sales Tax Receipts

 

DuPage County sales tax receipts were $359 million in the third quarter of 2015, compared to $339 million in the third quarter of 2014. This is an increase of 5.7%. Sales tax receipts are reported on quarter in arrears, compared year-over-year to accommodate seasonal changes.

 

Unemployment Rate

 

The unemployment rate rose to 4.5% in the fourth quarter of 2015, compared to 3.9% in the third quarter of 2015. DuPage County has the lowest unemployment rate in the region, and also lower than both the State of Illinois at 5.9% and the U.S. at 4.8%.

 

Vacancy Rates

 

The office vacancy rate dropped to 16.1% in the fourth quarter of 2015 compared to 16.2% in the previous quarter and 17% at the same time last year. The industrial vacancy rate also declined in the fourth quarter of 2015 to 5% from 5.4% in the previous quarter. The industrial vacancy rate in DuPage County continues to experience an almost continuous five-year decline. Click here to view the full report.