Illinois Job Index: MSA Report

advertisement
Illinois Job Index:
MSA Report
Release
data
Issue
Feb 29/2016
Jan 1990 / January 2016
16.02
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.
Feb
2016
Total non-farm employment
January 2016
Number of
Jobs
Nation
Rest of Midwest (RMW)
Illinois
Illinois Metro
Illinois non-Metro (Rural)
Illinois Chicago (Upstate)
Illinois non-Chicago
143,318,000
20,119,600
5,967,700
5,249,500
718,200
4,085,700
1,882,000
Dec 2015 – Jan 2016
Growth
Rate
(%)
0.12
0.17
-0.11
0.46
-4.07
0.35
-1.09
Number of
Jobs
172,000
34,600
-6,500
23,900
-30,400
14,300
-20,800
Last 12 months
Growth
Rate
(%)
1.92
1.40
0.84
1.43
-3.31
1.57
-0.71
Number
of Jobs
2,695,000
278,400
49,600
74,200
-24,600
63,100
-13,500
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 lost 6,500 jobs in January 2016, compared with an 8,300 job loss in December 2015. Compared to January
2015, Illinois has added 49,600 jobs. The three-month moving average, a more stable measure of labor market,
showed a decrease of 8,500 jobs per month.
Illinois has a net loss of 17,500 jobs since the economic crisis developed in December 2007.
Since January 2010 when Illinois employment resumed after the national recession, Illinois has added 384,000 new
jobs.
Chicago-Downstate and Metro-Rural both had mixed performances.
Illinois Rural area lost 30,400 jobs at -4.07% this month, compared to a revised 5,800 job gain in December
2015. At the same time, Metro gained 23,900 jobs at 0.46% in January, compared to a revised 14,100 job loss
in the previous month.
Chicago added 14,300 jobs at 0.35% in January 2016, compared to a revised 9,900 job loss in December 2015.
Meanwhile, Downstate lost 20,800 jobs at -1.09%, compared to a revised 1,600 job gain in the previous month.
In terms of the 12-month aggregated account, Metro registered a positive 1.43% growth by adding 74,200 jobs
whereas Rural lost 24,600 jobs at -3.31%. Chicago added 63,100 jobs at 1.57% whereas Downstate lost 13,500
jobs at -0.71%.
Through January 2016, the cumulative job growth for Metro, Rural, Chicago and Downstate compared to
January 1990 stood at 13.93%, 8.74%, 14.42% and 10.86% respectively.
Illinois Metro lost 6,500 jobs at -0.11% in January 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 12.42%, which is the highest among all the IL MSAs; Bloomington-Normal has experienced the lowest
average growth rate, -2.99%.
In terms of growth performance, four MSAs posted net improvements from December to January, four
declined in terms of rank.
Decatur dropped to the last place in terms of monthly growth performance, while Metro-East remained at the
first place.
In the 12 months growth league table, Bloomington-Normal dropped to the last place while Metro-East
climbed to the first place.
Illinois Jobs Index: MSA REPORT
release 2/29/2016
www.real.illinois.edu
page 1
Total non-farm Employment growth Jan 1990 – January 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
January 2016 was -0.003%. 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 0.07%. The same rate for Chicago (Upstate) is 0.02% and for Downstate it is -0.05%.
Over the last 12-month period, the average growth rate for Metro was 0.12% and for Rural it was -0.27%.
Downstate registered a -4.07% 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 -0.02% 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(%)
-0.11
0.17
0.12
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
Jan 2016
Number of
Jobs
94,000
108,700
4,085,700
182,400
51,300
44,700
178,200
154,400
113,800
236,500
Dec 2015 – Jan 2016
Growth
compared
to Illinois
+
+
+
+
+
+
Last 12 months
Growth
Rate %
Number
Of Jobs
Growth
Rate %
-0.25
0.11
0.35
0.98
-0.80
-0.27
0.03
1.62
-0.43
2.82
-0.11
-200
100
14,300
1,800
-400
-100
100
2,500
-500
6,500
-6,500
-1.20
1.02
1.57
-0.96
0.01
1.65
-0.34
2.52
0.95
3.47
0.84
release 2/29/2016
www.real.illinois.edu
Number
of Jobs
-1,100
1,100
63,100
-1,800
10
700
-600
3,800
1,100
7,900
49,600
page 2
MSA League Tables*: Non-farm Employment Growth Rate
Monthly growth:
Rank
December 2015
January 2016
Rank
Change**
1
Metro-East(-0.02%)
Metro-East(2.82%)
1
(+0)
2
Peoria(-0.19%)
Rockford (1.62%)
2
(+8)
3
Springfield (-0.24%)
Davenport-Rock Island-Moline(0.98%)
3
(+6)
4
Chicago(-0.24%)
Chicago(0.35%)
4
(+0)
5
Kankakee(-0.31%)
Champaign-Urbana-Rantoul(0.11%)
5
(+1)
6
Champaign-Urbana-Rantoul(-0.39%)
Peoria(0.03%)
6
(-4)
7
Decatur(-0.48%)
Bloomington-Normal(-0.25%)
7
(+1)
8
Bloomington-Normal(-0.56%)
Kankakee(-0.27%)
8
(-3)
9
Davenport-Rock Island-Moline(-0.56%)
Springfield (-0.43%)
9
(-6)
10
Rockford (-0.74%)
Decatur(-0.8%)
10
(-3)
Growth over last 12-months:
Rank
December 2015
January 2016
Rank
Change**
1
Chicago (1.31%)
Metro-East (3.47%)
1
(+3)
2
Champaign-Urbana-Rantoul (1%)
Rockford (2.52%)
2
(+4)
3
Springfield (0.99%)
Kankakee (1.65%)
3
(+4)
4
Metro-East (0.76%)
Chicago (1.57%)
4
(-3)
5
Decatur (0.54%)
Champaign-Urbana-Rantoul (1.02%)
5
(-3)
6
Rockford (0.45%)
Springfield (0.95%)
6
(-3)
7
Kankakee (0.43%)
Decatur (0.01%)
7
(-2)
8
Bloomington-Normal (0.14%)
Peoria (-0.34%)
8
(+1)
9
Peoria (-0.6%)
Davenport-Rock Island-Moline (-0.96%)
9
(+1)
10
Davenport-Rock Island-Moline (-1.79%)
Bloomington-Normal (-1.2%)
10
(-2)
Talking Points


MSA League
Tables




Springfield (3rd to 9th) experienced the deepest fall in January 2016.
Peoria (2nd to 6th), Kankakee (5th to 8th) and Decatur (7th to 10th) also dropped in terms of rank from last
month.
The most remarkable upward move in January was recorded for Rockford (10th to 2nd).
In the 12-month growth league table, upward moves were recorded for Metro-East (4th to 1st), Rockford
(6th to 2nd), Kankakee (7th to 3rd), Peoria (9th to 8th) and Davenport-Rock Island-Moline (10th to 9th).
Downward moves were recorded for Chicago (1st to 4th), Champaign-Urbana-Rantoul (2nd to 5th),
Springfield (3rd to 6th), Decatur (5th to 7th) and Bloomington-Normal (8th to 10th).
In the 12 months growth league table, Bloomington-Normal dropped to the last place while Metro-East
climbed to 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 2/29/2016
www.real.illinois.edu
page 3
January 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
3.79
15.11
0.77
20.36
9.53
11.1
11.24
(2.7%)
(4%)
(16.1%)
(0.8%)
(21.7%) (10.1%) (11.8%)
(12%)
3.58
8.19
17.14
2.46
4.23
7.76
14.94
11.08
Champaign-Urbana
(3.3%)
(7.5%)
(15.8%)
(2.3%)
(3.9%)
(7.1%)
(13.7%) (10.2%)
143.16
341.95
824.73
76.26
273.43
743.29
626.77
403.05
Chicago
(3.5%)
(8.4%)
(20.2%)
(1.9%)
(6.7%)
(18.2%) (15.3%)
(9.9%)
9.66
23.47
37.7
2.21
7.27
25.37
26.25
17.51
Davenport-Rock
Island-Moline
(5.3%)
(12.9%) (20.7%)
(1.2%)
(4%)
(13.9%) (14.4%)
(9.6%)
3.11
10.07
10.89
0.6
1.81
3.06
8.76
5.17
Decatur
(6.1%)
(19.6%) (21.2%)
(1.2%)
(3.5%)
(6%)
(17.1%) (10.1%)
1.34
5.44
10.66
0.42
2.02
3.39
9.28
3.78
Kankakee
(3%)
(12.2%) (23.9%)
(0.9%)
(4.5%)
(7.6%)
(20.8%)
(8.5%)
7.92
24.04
34.13
2.21
7.4
22.6
32.18
18.6
Peoria
(4.4%)
(13.5%) (19.2%)
(1.2%)
(4.2%)
(12.7%) (18.1%) (10.4%)
4.62
32.28
29.25
1.42
5.59
18.13
23.73
13.89
Rockford
(3%)
(20.9%) (18.9%)
(0.9%)
(3.6%)
(11.7%) (15.4%)
(9%)
4.51
2.95
18.44
1.73
6.67
11.84
20.15
10.93
Springfield
(4%)
(2.6%)
(16.2%)
(1.5%)
(5.9%)
(10.4%) (17.7%)
(9.6%)
219.09
576.48
1202.2
99.54
379.37
918.75
909.74
586.89
IL
(3.7%)
(9.6%)
(20.1%)
(1.7%)
(6.3%)
(15.4%) (15.2%)
(9.8%)
* The Illinois Department of Employment Security does not collect sector employment data for Metro-East
Government
(GOV)
3.83
(4.1%)
3.19
(2.9%)
172.92
(4.2%)
7.62
(4.2%)
2.13
(4.1%)
1.7
(3.8%)
7.76
(4.4%)
8.92
(5.8%)
6.43
(5.7%)
253.71
(4.2%)
15.68
(16.7%)
36.1
(33.2%)
480.32
(11.8%)
25.65
(14.1%)
5.5
(10.7%)
6.53
(14.6%)
21.57
(12.1%)
16.71
(10.8%)
29.99
(26.4%)
832.82
(13.9%)
Total non-farm Employment growth rate Jan 1990 – January 2016
160.00
150.00
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)
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 2/29/2016
www.real.illinois.edu
page 4
Employment Forecast for MSAs
MSAs
January
2016*
January
2017 (p)*
94,000
BloomingtonNormal
ChampaignUrbana-Rantoul
Sector with
Highest
Growth Rate
(p)
Sector with
Lowest
Growth Rate
(p)
Number of
Jobs *
Growth Rate
%
Growth
94,300
300 ~ 400
0.26%~ 0.43%
+
GOV (2.11%)
MAN (-6.27%)
108,700
108,400
-300~200
-0.28%~0.14%
-
INF (3.99%)
CON (-6.88%)
Chicago
4,085,700
4,091,200
5,500~46,600
0.13%~1.14%
+
CON (8.02%)
INF (-2.47%)
Davenport-Rock
Island-Moline
182,400
181,500
-900~ -400
-0.49%~ -0.23%
-
EDU (1.10%)
CON (-3.05%)
Decatur
51,300
50,600
-600~-500
-1.23%~-0.98%
-
CON (2.90%)
INF (-5.80%)
Kankakee
44,700
45,200
500~1,000
1.23%~ 2.17%
+
INF (6.33%)
MAN (-2.91%)
Peoria
178,200
178,300
100~200
0.08%~ 0.12%
+
EDU (9.12%)
PRO (-14.86%)
Rockford
154,400
155,800
1,300~2,100
0.86%~1.39%
+
PRO (2.95%)
INF (-7.27%)
Springfield
112,800
113,500
800~1,400
0.68%~ 1.21%
+
PRO (15.39%)
CON (-7.02%)
*Total Non-Farm Jobs
Number of Jobs
(in thousands)
105000
Number of Jobs
(in thousands)
Total Non-farm Employment Forecast
Bloomington (BN)
Total Non-farm Employment Forecast
Champaign-Urbana-Rantoul (CU)
120000
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
1992
1994
1996
1998
2000
2002
2004
2006
2008
2010
2012
2014
Year
Year
Number of Jobs
(in thousands)
4200000
Number of Jobs
(in thousands)
195000
Total Non-farm Employment Forecast
Chicago (CHI)
4100000
Total Non-farm Employment Forecast
Davenport-Rock-Island-Moline (DRM)
190000
4000000
185000
3900000
180000
3800000
175000
3700000
170000
3600000
3500000
165000
3400000
160000
3300000
155000
3200000
150000
3100000
1990
1992
1994
1996
1998
2000
2002
2004
2006
2008
2010
2012
1990
2014
1992
1994
1996
1998
2000
2002
2004
2006
2008
2010
2012
2014
Illinois Jobs Index: MSA REPORT
2016
Year
Year
release 2/29/2016
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)
60000
48000
58000
46000
Total Non-farm Employment Forecast
Kankakee (KA)
44000
56000
42000
54000
40000
52000
38000
50000
36000
48000
34000
46000
32000
44000
1990
1992
1994
1996
1998
2000
2002
2004
2006
2008
2010
2012
30000
2014
1990
1992
1994
1996
1998
2000
2002
2004
2006
2008
2010
2012
2014
2016
Year
Year
Number of Jobs
(in thousands)
200000
Number of Jobs
(in thousands)
170000
Total Non-farm Employment Forecast
Peoria (PE)
Total Non-farm Employment Forecast
Rockford (RO)
165000
190000
160000
180000
155000
170000
150000
145000
160000
140000
150000
135000
140000
130000
130000
125000
120000
120000
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
2012
2014
Number of Jobs
(in thousands)
120000
2016
Year
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 2/29/2016
www.real.illinois.edu
page 6
Download