Illinois Job Index: MSA Report Release data Issue Apr 29/2016 Jan 1990 / March 2016 16.04 Note: IDES revised their estimates for the number of jobs at the beginning of 2016. www.real.illinois.edu As a companion to the Sep 2014 Illinois Job Index that reports an positive rating, this MSA Report provides a localized picture on Illinois job growth and allows for comparisons between local economies, Illinois, the Nation and the Rest of the Midwest. Apr 2016 Total non-farm employment March 2016 Number of Jobs Nation Rest of Midwest (RMW) Illinois Illinois Metro Illinois non-Metro (Rural) Illinois Chicago (Upstate) Illinois non-Chicago 143,774,000 20,181,200 6,009,000 5,273,609 735,400 4,108,800 1,900,200 Feb 2016 – Mar 2016 Growth Rate (%) 0.15 0.13 0.25 0.15 0.90 0.20 0.34 Number of Jobs 215,000 26,400 14,700 8,200 6,500 8,300 6,400 Last 12 months Growth Rate (%) 1.99 1.62 1.35 1.71 -1.16 1.91 0.15 Number of Jobs 2,802,000 321,100 79,900 88,600 -8,700 77,000 2,900 The monthly Illinois Job Index and MSA Report are provided as tools for elected officials, policy leaders and the public. Understanding the Illinois economy and business climate is enhanced by comparing and measuring Illinois employment growth rates against those of the Rest of the Midwest (RMW: Indiana, Iowa, Michigan, Missouri, Ohio and Wisconsin) and the Nation. Data and analysis are provided by the Illinois Economic Observatory / Regional Economics Applications Laboratory, University of Illinois. The MSA data (unless noted) were seasonally adjusted to be consistent with state totals. Talking Points State, Downstate & Metro MSA page (2-4) Illinois added 14,700 jobs in March 2016, compared with a revised 18,600 job gain in February 2016. Compared to March 2015, Illinois has added 79,900 jobs. The three-month moving average, a more stable measure of labor market, showed an increase of 11,600 jobs per month. The state of Illinois now has 23,800 more jobs than in December 2007 when the recent recession started. Since January 2010 when Illinois employment resumed after the national recession, Illinois has added 425,300 new jobs. Chicago-Downstate had positive performances, while Metro-Rural had mixed performances. Illinois Rural area added 6,500 jobs at 0.90% this month, compared to a revised 3,900 job gain in February 2016. At the same time, Metro gained 8,200 jobs at 0.15% in March, compared to a revised 14,700 job gain in the previous month. Chicago added 8,300 jobs at 0.20% in March 2016, compared to a revised 13,600 job gain in February 2016. Meanwhile, Downstate added 6,400 jobs at 0.34%, compared to a revised 5,000 job gain in the previous month. In terms of the 12-month aggregated account, Metro registered a positive 1.71% growth by adding 88,600 jobs whereas Rural lost 8,700 jobs at -1.16%. Chicago added 77,000 jobs at 1.91% whereas Downstate lost 2,900 jobs at 0.15%. Through March 2016, the cumulative job growth for Metro, Rural, Chicago and Downstate compared to January 1990 stood at 14.45%, 11.35%, 15.07% and 11.93% respectively. Illinois Metro added 8,200 jobs at 0.15% in March 2016. Six out of ten MSAs posted positive growth. Since the job recovery resumed in January 2010 in Illinois, Chicago Upstate has shown an average growth rate of 12.85%, which is the highest among all the IL MSAs; Bloomington-Normal has experienced the lowest average growth rate, -3.70%. In terms of growth performance, five MSAs posted net improvements from February to March, four declined in terms of rank. Metro-East dropped to the last place in terms of monthly growth performance, while Champaign-Urbana climbed to the first place. In the 12 months growth league table, Bloomington-Normal remained at the last place while Metro-East remained in the first place. Illinois Jobs Index: MSA REPORT release 4/29/2016 www.real.illinois.edu page 1 Total non-farm Employment growth Jan 1990 – March 2016 155.00 145.00 US (1) RMW (2) IL (3) IL_NonChicago (4) Metro (5) Rural (6) 135.00 125.00 115.00 105.00 95.00 85.00 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Talking Points State, Downstate & Metro Illinois RMW Nation While the average growth for Illinois between 1990 and 2008 was 0.04%, the average from December 2007 to March 2016 was 0.004%. This is better than the performance during the 2000-2001 downturns which saw a decline of -0.09%. Since the economic crisis in December 2007, the average growth for Metro is 0.01% while for Rural it is 0.04%. The same rate for Chicago (Upstate) is 0.02% and for Downstate it is -0.04%. Over the last 12-month period, the average growth rate for Metro was 0.14% and for Rural it was -0.09%. Downstate registered a -0.05% average job loss in 2016, compared to an average gain of 0.04% in 2007, -0.11% decline in 2008, -0.35% decline in 2009, 0.13% growth in 2010, 0.01% growth in 2011, 0.11% growth in 2012, -0.03% decline in 2013, 0.08% job growth in 2014 and -0.01% job loss in 2015. Average Growth Rates for Illinois, RMW and the Nation 2012(%) 2013(%) 2014(%) 2015(%) 0.12 0.07 0.09 0.00 0.12 0.12 0.12 0.12 0.14 0.14 0.19 0.16 2016(%) 0.19 0.16 0.15 By MSA Market Area Bloomington-Normal (B-N) Champaign-Urbana (C-U-R) Chicago Davenport-Rock Island-Moline (D-R-M) Decatur Kankakee Peoria Rockford Springfield Metro-East Illinois Illinois Jobs Index: MSA REPORT Mar 2016 Number of Jobs 93,500 109,800 4,108,800 182,500 51,000 45,400 178,400 154,400 114,300 235,400 Feb 2015 – Mar 2016 Growth compared to Illinois + - Last 12 months Growth Rate % Number Of Jobs Growth Rate % -0.09 0.35 0.20 0.14 0.13 -0.14 -0.10 0.19 0.13 -0.40 0.25 -100 400 8,300 300 100 -100 -200 300 200 -1,000 14,700 -2.30 1.98 1.91 -0.64 -0.16 1.56 -0.09 2.49 1.78 2.87 1.35 release 4/29/2016 www.real.illinois.edu Number of Jobs -2,200 2,100 77,000 -1,200 -100 700 -200 3,800 2,000 6,600 79,900 page 2 MSA League Tables*: Non-farm Employment Growth Rate Monthly growth: Rank February 2016 March 2016 Rank Change** 1 Kankakee(1.45%) Champaign-Urbana-Rantoul(0.35%) 1 (+1) 2 Champaign-Urbana-Rantoul(0.87%) Chicago(0.2%) 2 (+1) 3 Chicago(0.38%) Rockford (0.19%) 3 (+7) 4 Springfield (0.23%) Davenport-Rock Island-Moline(0.14%) 4 (+5) 5 Peoria(0.09%) Springfield (0.13%) 5 (-1) 6 Metro-East(-0.06%) Decatur(0.13%) 6 (+2) 7 Bloomington-Normal(-0.36%) Bloomington-Normal(-0.09%) 7 (+0) 8 Decatur(-0.37%) Peoria(-0.1%) 8 (-3) 9 Davenport-Rock Island-Moline(-0.39%) Kankakee(-0.14%) 9 (-8) 10 Rockford (-0.46%) Metro-East(-0.4%) 10 (-4) Growth over last 12-months: Rank February 2016 March 2016 Rank Change** 1 Metro-East (3.54%) Metro-East (2.87%) 1 (+0) 2 Rockford (2.11%) Rockford (2.49%) 2 (+0) 3 Kankakee (1.82%) Champaign-Urbana-Rantoul (1.98%) 3 (+1) 4 Champaign-Urbana-Rantoul (1.8%) Chicago (1.91%) 4 (+1) 5 Chicago (1.8%) Springfield (1.78%) 5 (+1) 6 Springfield (1.33%) Kankakee (1.56%) 6 (-3) 7 Peoria (-0.34%) Peoria (-0.09%) 7 (+0) 8 Decatur (-0.56%) Decatur (-0.16%) 8 (+0) 9 Davenport-Rock Island-Moline (-1.17%) Davenport-Rock Island-Moline (-0.64%) 9 (+0) 10 Bloomington-Normal (-1.88%) Bloomington-Normal (-2.3%) 10 (+0) Talking Points MSA League Tables Kankakee (1st to 9th) experienced the deepest fall in March 2016. Springfield (4th to 5th), Peoria (5th to 8th) and Metro-East (6th to 10th) also dropped in terms of rank from last month. The most remarkable upward move in March was recorded for Rockford (10th to 3rd). In the 12-month growth league table, upward moves were recorded for Champaign-Urbana-Rantoul (4th to 3rd), Chicago (5th to 4th) and Springfield (6th to 5th). Downward move was recorded for Kankakee (3rd to 6th). In the 12 months growth league table, Bloomington-Normal stayed in the last place while Metro-East remained in the first place. *MSA League Tables are based on revised employment data. For instances of equal growth rate for multiple MSAs ranks are decided based on change of growth rate from previous month. **Changes indicate change in rank position compared to previous month and correspond to the MSA at the right column. Rise is indicated by a ‘’ and decline by a ‘’ and for an unchanged position a ‘’ is used. Figures in parenthesis indicate relative rank change from previous month Illinois Jobs Index: MSA REPORT release 4/29/2016 www.real.illinois.edu page 3 March 2016 MSA Employment by Sectors (000s) * Market Area Trade, Construc- Manufac- transportat Information turing ion & tion (CON) (MAN) utilities (INF) (TTU) Financial activities (FIN) Profession al & Education Leisure & Other business & health hospitality Services services (EDU) (LEI) (OTH) (PRO) BloomingtonNormal 2.53 14.95 0.78 20.47 9.25 11.1 11.39 3.71 (4%) (2.7%) (16%) (0.8%) (21.9%) (9.9%) (11.9%) (12.2%) 3.62 8.04 17.26 2.58 4.38 7.8 14.98 11.3 Champaign-Urbana (3.3%) (7.3%) (15.7%) (2.3%) (4%) (7.1%) (13.6%) (10.3%) 143.51 340.95 830.1 76.19 277.26 750.78 626.52 409.67 Chicago (3.5%) (8.3%) (20.2%) (1.9%) (6.7%) (18.3%) (15.2%) (10%) 9.69 23.21 37.54 2.21 7.32 24.16 27.14 17.41 Davenport-Rock Island-Moline (5.3%) (12.7%) (20.6%) (1.2%) (4%) (13.2%) (14.9%) (9.5%) 3.08 10.01 10.82 0.6 1.81 3 8.75 5.22 Decatur (6%) (19.6%) (21.2%) (1.2%) (3.6%) (5.9%) (17.2%) (10.2%) 1.29 5.41 10.64 0.43 2.03 3.43 9.64 3.9 Kankakee (2.8%) (11.9%) (23.4%) (1%) (4.5%) (7.5%) (21.2%) (8.6%) 7.87 23.77 34.16 2.21 7.38 22.93 32.39 18.66 Peoria (4.4%) (13.3%) (19.1%) (1.2%) (4.1%) (12.8%) (18.2%) (10.5%) 4.62 32.16 29.62 1.38 5.56 17.29 23.88 14.05 Rockford (3%) (20.8%) (19.2%) (0.9%) (3.6%) (11.2%) (15.5%) (9.1%) 4.5 3.04 18.42 1.71 6.71 12.08 20.36 11.02 Springfield (3.9%) (2.7%) (16.1%) (1.5%) (5.9%) (10.6%) (17.8%) (9.6%) 221.24 575.03 1207.18 98.6 381.6 925.07 911.68 593.71 IL (3.7%) (9.6%) (20.1%) (1.6%) (6.4%) (15.4%) (15.2%) (9.9%) * The Illinois Department of Employment Security does not collect sector employment data for Metro-East 3.84 (4.1%) 3.19 (2.9%) 173.35 (4.2%) 7.56 (4.1%) 2.11 (4.1%) 1.71 (3.8%) 7.8 (4.4%) 8.92 (5.8%) 6.39 (5.6%) 254.39 (4.2%) Government (GOV) 15.48 (16.6%) 36.52 (33.3%) 481.2 (11.7%) 26.29 (14.4%) 5.57 (10.9%) 6.78 (14.9%) 21.36 (12%) 16.78 (10.9%) 30.16 (26.4%) 833.37 (13.9%) Total non-farm Employment growth rate Jan 1990 – March 2016 160.00 IL(1) Bloomington-Normal (2) Champaign-Urbana-Rantoul (3) Chicago (4) Davenport-Rock Island-Moline (5) Decatur (6) Kankakee (7) Peoria (8) Rockford (9) Springfield (10) St.Louis (11) 150.00 140.00 130.00 120.00 110.00 100.00 90.00 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 MSA DESCRIPTION: Bloomington-Normal (B-N): McLean Co.Champaign-Urbana (C-U-R): Champaign Co., Ford Co. & Piatt Co. Chicago: Cook Co. IL, DeKalb Co. IL, DuPage Co. IL, Grundy Co. IL, Kane Co. IL, Kendall Co. IL, Lake Co. IL, McHenry Co. IL, Will Co. IL & Kenosha Co. WI Davenport-Moline-Rock Island (D-R-M): Henry Co. IL, Mercer Co. IL, Rock Island Co. IL & Scott Co. IA Decatur: Macon Co.Kankakee: Kankakee Co. Metro-East: Bond Co., Calhoun Co., Clinton Co., Jersey Co., Macoupin Co., Madison Co., Monroe Co. & St. Clair Co. Peoria-Pekin (Peoria): Marshall Co., Peoria Co., Stark Co., Tazewell Co. & Woodford Co.Rockford: Boone Co. & Winnebago Co. Springfield: Menard Co. &SangamonCo.The MSA data (unless noted) were seasonally adjusted to be consistent with state totals. Illinois Jobs Index: MSA REPORT release 4/29/2016 www.real.illinois.edu page 4 Employment Forecast for MSAs MSAs BloomingtonNormal ChampaignUrbana-Rantoul Sector with Lowest Growth Rate (p) Number of Jobs * Growth Rate % Growth Sector with Highest Growth Rate (p) 93,800 300 ~ 400 0.35%~ 0.41% + GOV (3.13%) INF (-7.53%) 109,800 109,900 100~300 + EDU (2.56%) MAN (-3.24%) March 2016* March2017 (p)* 93,500 0.07%~0.29% Chicago 4,108,800 4,162,900 54,100~104,100 1.32%~2.53% + CON (8.05%) INF (-1.26%) Davenport-Rock Island-Moline 182,500 182,800 300~ 900 0.16%~ 0.49% + EDU (1.34%) INF (-3.17%) Decatur 51,000 49,900 -1,100~-900 - CON (0.45%) INF (-6.86%) Kankakee 45,400 45,800 400~600 0.97%~ 1.28% + INF (3.52%) PRO (-1.45%) Peoria 178,400 178,500 100~140 0.03%~ 0.08% + EDU (8.42%) PRO (-15.63%) Rockford 154,400 155,500 1,100~1,200 0.71%~0.80% + LEI (2.57%) INF (-8.10%) Springfield 114,300 113,700 -600~100 -0.54%~ 0.11% + FIN (1.86%) INF (-7.22%) -2.31%~-1.72% *Total Non-Farm Jobs Number of Jobs (in thousands) 105000 Total Non-farm Employment Forecast Bloomington (BN) Number of Jobs (in thousands) 120000 Total Non-farm Employment Forecast Champaign-Urbana-Rantoul (CU) 100000 115000 95000 110000 90000 105000 85000 80000 100000 75000 95000 70000 90000 65000 60000 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014 85000 2016 1990 Year Number of Jobs (in thousands) 4400000 1992 1994 1996 Number of Jobs (in thousands) 195000 Total Non-farm Employment Forecast Chicago (CHI) 1998 2000 2002 2004 2006 2008 2010 2012 2014 2016 2012 2014 2016 Year Total Non-farm Employment Forecast Davenport-Rock-Island-Moline (DRM) 190000 4200000 185000 4000000 180000 3800000 175000 170000 3600000 165000 3400000 160000 3200000 155000 150000 3000000 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014 1990 2016 1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 Year Year Illinois Jobs Index: MSA REPORT release 4/29/2016 www.real.illinois.edu page 5 Number of Jobs (in thousands) 62000 Number of Jobs (in thousands) 50000 Total Non-farm Employment Forecast Decatur (DE) Total Non-farm Employment Forecast Kankakee (KA) 48000 60000 46000 58000 44000 56000 42000 54000 40000 52000 38000 50000 36000 48000 34000 46000 32000 44000 30000 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014 2016 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014 2016 Year Year Number of Jobs (in thousands) 170000 Total Non-farm Employment Forecast Rockford (RO) Number of Jobs (in thousands) 200000 Total Non-farm Employment Forecast Peoria (PE) 165000 190000 160000 180000 155000 150000 170000 145000 160000 140000 150000 135000 140000 130000 130000 125000 120000 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014 120000 2016 Year Number of Jobs (in thousands) 120000 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014 2016 Year Total Non-farm Employment Forecast Springfield (SP) 118000 116000 114000 112000 110000 108000 106000 104000 102000 100000 98000 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014 2016 Year Illinois Jobs Index: MSA REPORT release 4/29/2016 www.real.illinois.edu page 6