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