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Economic Outlook Projections

2023 - 4th Quarter (Actual)

Sales/business Volume Status Actual # of Businesses responding % of Businesses responding
Declining 0 0%
Steady  11 91%
Steady Growth 1 8%
Rapid Growth 0 0%

100% showing Steady to Rapid growth

Declining represents 0%

2024 - 1st Quarter (Projections)

Sales/business Volume Status Actual # of Businesses responding % of Businesses responding
Declining 1 8%
Steady 8 66%
Steady Growth 3 31%
Rapid Growth 0 0%

92% showing Steady to Rapid growth

Declining represents 8%

  • Those who have employees on layoff at this time – 0 or 0% 4th Q 2023 layoffs
  • Those who project layoffs in 4th Q 2023 and 1st Q 2024 – 1 or 1% projected layoffs
  • Those who are or project hiring through 1st Q 2024 – 9 or 75% DO project hiring 1st Q 2024

Responding employers are comprised of the following types of businesses:

Manufacturing 8 62%
Distribution 1 1%
Office/Service 2 15%
Healthcare 1 1%
Education 1 1%

Surveyed employers in aggregate employ 11,000+ at this time

(represents approx. 1/3 of current, total labor force)

  • Automation International
  • AutoZone
  • Blue Cross Blue Shield
  • Bunge Milling
  • CCMSI
  • Central States Distribution Service
  • Christie Clinic
  • Danville Metal Stamping
  • Dawson Logistics
  • DynaChem
  • Flex-N-Gate
  • Hyster-Yale
  • Master Guard
  • Mervis Industries
  • OSF Healthcare
  • Silgan Containers
  • TH Snyder
  • thyssenkrupp Crankshaft
  • thyssenkrupp Dynamic Components
  • Trigard
  • Viscofan
  • Watchfire Signs 

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