posted on February 02, 2015
(Rock County, WI) The County's economy continued to demonstrate growth, as reported by today's release of the Q4 2014 Rock Ready Index. Highlights from the Q4 report include the following:
Unemployment Rates, as measured by annual averages, continued to decline. To date, these figures represent the lowest annual rates in six years. Meanwhile, job postings for each quarter during 2014 outpaced its 2013 and 2012 counterparts, respectively.
Average Sale Prices for residential homes throughout Rock County continued to move upward, particularly when comparing Q4 price points during the last seven years. Compared to the same time period in 2008, 2014 prices were 14% higher.
Sales Tax Collections for the County remained strong, as 2014's year end collections set a new record at $11.8 Million. The Q4 2014 collections were nearly 13% higher than last year's Q4 totals and almost 22% higher than Q4 2007.
Energy consumption, as measured by the number of electric meters and total kWh usage, remained strong. Increased business development activity, ranging from residential to industrial, continues to drive these consumption trends upward.
The Rock Ready Index (RRI) is a quarterly economic development dashboard compiled and distributed by the Rock County Development Alliance. The RRI covers four topical areas: Workforce (Job Postings and Unemployment Rates), Real Estate (Residential, Commercial or Industrial) Trends, Sales (Tax Collection) Activities and Energy Consumption (Meters & Usage). Each Index also includes a Project Profile section, which highlights project specific news during a given quarter.
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