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East North Central
Nov 1, 2002 12:00 PM The Rust Belt reflects much of what's good and bad with the current economy — the industrial market is in the dumps; residential construction is hanging tough; and office construction is spotty and dependent on the local employment picture. With so much of the region's industrial might tied to the auto market, when Motor City sneezes, the rest of the region catches a cold.
Skeptics wonder how long Detroit's automakers can rely on the fumes of zero-percent financing to continue to drive new car sales. Office vacancy rates are ugly in many metropolitan areas; Chicago and Detroit have downtown vacancy rates of over 20 percent, according to Grubb-Ellis.
Still, some new construction projects are pumping some life into the region's economy. Ford Motor Co.'s supplier campus being built near its South Side Chicago assembly plant will have 800 employees by 2003.
ELECTRICAL WHOLESALERS' SALES(in millions of dollars)
EW Estimates
Final 1998
Final 1999
Final 2000
Final 2001
Forecast 2002
Forecast 2003
East North Central 11,891.6 12,613.3 12,720.1 12,080.6 11,944.9 12,485.3
Illinois
4,507.1
4,899.1
4,940.6
4,692.2
4,639.5
4,849.4
Indiana
1,026.1
1,049.1
1,058.0
1,004.8
9,935.5
1,038.5
Michigan
2,325.4
2,365.3
2,385.3
2,265.4
2,239.9
2,341.3
Ohio
2,590.4
2,743.3
2,766.5
2,627.5
2,597.9
2,715.5
Wisconsin
1,442.5
1,556.4
1,569.6
1,490.7
1,474.0
1,540.7
EMPLOYMENT STATISTICS
Actual EC
in thousands
M
F/S/RT
G
East North Central 132,047 4,012.4 11,547.0 3,127.1
Illinois 38,055 888.6 3,277.0 840.6
Bloomington-Normal MSA
373
7.2
60.8
13.0
Champaign-Urbana MSA
340
12.0
45.5
33.8
Chicago PMSA
29,244
594.2
2,381.5
503.8
Davenport-Moline-Rock Island MSA
1,266
29.9
98.2
27.2
Decatur MSA
320
11.8
28.0
6.6
Kankakee PMSA
183
6.4
24.0
7.4
Peoria-Pekin MSA
712
33.0
93.5
20.3
Rockford MSA
727
45.3
89.4
19.9
Springfield MSA
1,028
4.2
64.0
32.9
Indiana 16,465 624.1 1,446.7 393.5
Bloomington MSA
229
5.9
30.6
18.8
Elkhart-Goshen MSA
422
58.7
39.1
8.5
Evansville-Henderson MSA
832
30.9
82.7
15.9
Fort Wayne MSA
1,153
64.8
130.7
26.8
Gary PMSA
2,056
38.7
136.9
36.4
Indianapolis MSA
6,598
120.7
489.4
109.2
Kokomo MSA
524
17.6
20.1
7.1
Lafayette MSA
398
22.2
39.0
23.4
Muncie MSA
322
8.8
30.1
10.0
South Bend MSA
1,168
20.7
76.9
14.0
Terre Haute MSA
333
11.3
37.2
9.9
Michigan 31,706 919.9 2,372.5 682.0
Ann Arbor PMSA
1,595
51.0
133.5
75.8
Benton Harbor MSA
290
18.8
36.1
9.1
Detroit PMSA
14,230
428.8
1,171.6
242.9
Flint PMSA
890
28.3
88.3
25.0
Grand Rapids-Muskegon-Holland MSA
4,529
153.2
284.5
57.5
Jackson MSA
870
11.2
33.8
10.4
Kalamazoo-Battle Creek MSA
1,424
47.9
111.1
33.1
Lansing-East Lansing MSA
1,450
25.1
119.4
63.0
Saginaw-Bay City-Midland MSA
816
34.1
95.8
22.4
Ohio 29,779 1,006.2 2,978.7 794.4
Akron PMSA
1,560
59.6
171.7
45.3
Canton-Massillion MSA
983
43.6
100.5
20.8
Cincinnati PMSA
4,723
131.4
503.1
104.2
Cleveland-Lorain-Elyria PMSA
7,259
201.8
643.1
149.1
Columbus MSA
5,787
88.7
523.5
147.9
Dayton-Springfield MSA
2,149
85.9
256.7
74.3
Hamilton-Middletown PMSA
825
20.9
65.2
20.4
Lima MSA
346
17.8
39.4
10.9
Mansfield MSA
286
22.0
38.0
11.8
Steubenville-Weirton MSA
154
12.1
25.8
6.8
Toledo MSA
1,745
57.7
169.5
44.6
Youngstown-Warren MSA
1,009
45.0
129.1
31.5
Wisconsin 16,422 573.6 1,472.1 416.6
Appleton-Oshkosh-Neenah MSA
1,206
56.3
94.5
23.6
Eau Claire MSA
347
11.4
43.5
11.3
Green Bay MSA
1,300
28.4
73.6
18.0
Janesville-Beliot MSA
594
17.4
33.4
9.0
Kenosha PMSA
320
11.5
26.6
8.8
La Crosse MSA
320
9.9
NA
10.6
Madison MSA
1,369
30.2
157.3
72.0
Milwaukee-Waukesha PMSA
5,037
159.3
488.7
96.0
Racine PMSA
361
21.2
40.6
10.8
Sheboygan MSA
999
25.1
24.8
6.9
Wausau MSA
401
18.3
32.7
7.7
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