Illinois Job Index: MSA Report Release data Issue Jan 29/2016 Jan 1990 / December 2015 16.01 Note: IDES revised their estimates for the number of jobs at the beginning of 2015. 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. Jan 2016 Total non-farm employment December 2015 Number of Jobs Nation Rest of Midwest (RMW) Illinois Illinois Metro Illinois non-Metro (Rural) Illinois Chicago (Upstate) Illinois non-Chicago 143,242,000 20,071,100 5,904,000 5,176,000 728,100 4,026,600 1,877,400 Nov 2015 – Dec 2015 Growth Rate (%) 0.20 0.14 -0.28 -0.13 -1.30 -0.10 -0.64 Number of Jobs 292,000 27,100 -16,300 -6,800 -9,600 -4,200 -12,100 Last 12 months Growth Rate (%) 1.88 1.50 -0.05 0.38 -3.01 0.54 -1.29 Number of Jobs 2,650,000 296,900 -3,000 19,600 -22,600 21,600 -24,600 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 l6,300 jobs in December 2015, compared with a 6,500 job loss in November 2015. Compared to December 2014, Illinois has lost 3,000 jobs. The three-month moving average, a more stable measure of labor market, showed a decrease of 3,000 jobs per month. Illinois has a net loss of 83,900 jobs since the economic crisis developed in December 2007. Since January 2010 when Illinois employment resumed after the national recession, Illinois has added 319,100 new jobs. Chicago-Downstate and Metro-Rural both had negative performances. Illinois Rural area lost 9,600 jobs at -1.30% this month, compared to a revised 2,100 job gain in November 2015. At the same time, Metro lost 6,800 jobs at -0.13% in December, compared to a revised 8,600 job loss in the previous month. Chicago lost 4,200 jobs at -0.10% in December 2015, compared to a revised 8,700 job loss in November. Meanwhile, Downstate lost 12,100 jobs at -0.64%, compared to a revised 2,200 job gain in the previous month. In terms of the 12-month aggregated account, Metro registered a positive 0.38% growth by adding 19,600 jobs whereas Rural lost 22,600 jobs at -3.01%. Chicago added 21,600 jobs at 0.54% whereas Downstate lost 24,600 jobs at -1.29%. Through December 2015, the cumulative job growth for Metro, Rural, Chicago and Downstate compared to January 1990 stood at 12.33%, 10.24%, 12.77% and 10.59% respectively. Illinois Metro lost 6,800 jobs at -0.13% in December 2015. Three 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 10.46%, which is the highest among all the IL MSAs; Decatur has experienced the lowest average growth rate, -4.16%. In terms of growth performance, four MSAs posted net improvements from November to December, three declined in terms of rank. Bloomington-Normal dropped to the last place in terms of monthly growth performance, while Kankakee climbed to the first place. In the 12 months growth league table, Davenport-Rock Island-Moline remained in the last place while Champaign-Urbana-Rantoul remained in the first place. Illinois Jobs Index: MSA REPORT release 1/29/2016 www.real.illinois.edu page 1 Total non-farm Employment growth Jan 1990 – December 2015 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 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 December 2015 was -0.01%. 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 0.06%. The same rate for Chicago (Upstate) is 0.00% and for Downstate it is -0.05%. Over the last 12-month period, the average growth rate for Metro was 0.03% and for Rural it was -0.25%. Downstate registered a -0.11% average job loss in 2015 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 and 0.08% job growth in 2014. Average Growth Rates for Illinois, RMW and the Nation 2011(%) 2012(%) 2013(%) 2014(%) 0.08 0.12 0.07 0.09 0.13 0.12 0.12 0.12 0.13 0.14 0.14 0.19 2015(%) 0.00 0.12 0.16 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 Dec 2015 Number of Jobs 94,300 108,600 4,026,600 179,200 50,100 44,900 178,200 151,100 112,800 230,100 Nov 2015 – Dec 2015 Growth compared to Illinois + + + + + + Last 12 months Growth Rate % Number Of Jobs Growth Rate % -0.68 -0.28 -0.10 -0.56 -0.68 0.14 0.11 -0.22 -0.34 0.10 -0.28 -600 -300 -4,200 -1,000 -300 100 200 -300 -400 200 -16,300 0.16 0.88 0.54 -2.44 -1.79 -0.01 0.18 -0.18 0.47 0.76 -0.05 release 1/29/2016 www.real.illinois.edu Number of Jobs 100 1,000 21,600 -4,500 -900 0 300 -300 500 1,700 -3,000 page 2 MSA League Tables*: Non-farm Employment Growth Rate Monthly growth: Rank November 2015 December 2015 Rank Change** 1 Champaign-Urbana-Rantoul(0.3%) Kankakee(0.14%) 1 (+9) 2 Springfield (0.25%) Peoria(0.11%) 2 (+1) 3 Peoria(0.16%) Metro-East(0.1%) 3 (+3) 4 Bloomington-Normal(0.12%) Chicago(-0.1%) 4 (+3) 5 Rockford (0.06%) Rockford (-0.22%) 5 (+0) 6 Metro-East(-0.03%) Champaign-Urbana-Rantoul(-0.28%) 6 (-5) 7 Chicago(-0.05%) Springfield (-0.34%) 7 (-5) 8 Davenport-Rock Island-Moline(-0.17%) Davenport-Rock Island-Moline(-0.56%) 8 (+0) 9 Decatur(-0.38%) Decatur(-0.68%) 9 (+0) 10 Kankakee(-0.73%) Bloomington-Normal(-0.68%) 10 (-6) Growth over last 12-months: Rank November 2015 December 2015 Rank Change** 1 Champaign-Urbana-Rantoul (1.54%) Champaign-Urbana-Rantoul (0.88%) 1 (+0) 2 Springfield (1.27%) Metro-East (0.76%) 2 (+3) 3 Chicago (1.02%) Chicago (0.54%) 3 (+0) 4 Bloomington-Normal (0.97%) Springfield (0.47%) 4 (-2) 5 Metro-East (0.78%) Peoria (0.18%) 5 (+2) 6 Rockford (-0.18%) Bloomington-Normal (0.16%) 6 (-2) 7 Peoria (-0.29%) Kankakee (-0.01%) 7 (+1) 8 Kankakee (-0.51%) Rockford (-0.18%) 8 (-2) 9 Decatur (-1.19%) Decatur (-1.79%) 9 (+0) 10 Davenport-Rock Island-Moline (-1.75%) Davenport-Rock Island-Moline (-2.44%) 10 (+0) Talking Points MSA League Tables Bloomington-Normal (4th to 10th) experienced the deepest fall in December 2015. Champaign-Urbana-Rantoul (1st to 6th) and Springfield (2nd to 7th) also dropped in terms of rank from last month. The most remarkable upward move in December was recorded for Kankakee (9th to 1st). In the 12-month growth league table, upward moves were recorded for Metro-East (5th to 2nd), Peoria (7th to 5th) and Kankakee (8th to 7th). Downward moves were recorded for Springfield (2nd to 4th), Bloomington-Normal (4th to 6th) and Rockford (6th to 8th). In the 12 months growth league table, Davenport-Rock Island-Moline remained in the last place while Champaign-Urbana-Rantoul 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 1/29/2016 www.real.illinois.edu page 3 December 2015 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 2.29 4.81 15.88 0.7 12.04 17.44 10.88 11.45 (2.4%) (5.1%) (16.8%) (0.7%) (12.8%) (18.5%) (11.5%) (12.1%) 3.13 7.98 16.81 4.34 8.26 14.91 11.56 Champaign-Urbana 2.19 (2%) (2.9%) (7.3%) (15.5%) (4%) (7.6%) (13.7%) (10.6%) 136.5 331.84 805.74 74.3 269.14 747.02 620.68 385.1 Chicago (3.4%) (8.2%) (20%) (1.8%) (6.7%) (18.6%) (15.4%) (9.6%) 8.85 24.29 38.36 2.3 7.82 20.75 25.48 18.24 Davenport-Rock Island-Moline (4.9%) (13.6%) (21.4%) (1.3%) (4.4%) (11.6%) (14.2%) (10.2%) 3.38 10.17 10.16 0.6 1.91 3.51 8.06 4.78 Decatur (6.7%) (20.3%) (20.3%) (1.2%) (3.8%) (7%) (16.1%) (9.5%) 1.14 5.73 10.5 0.4 1.92 3.85 8.69 4.18 Kankakee (2.5%) (12.8%) (23.4%) (0.9%) (4.3%) (8.6%) (19.3%) (9.3%) 7.6 25.69 31.85 2.21 7.58 18.5 34.88 20.84 Peoria (4.3%) (14.4%) (17.9%) (1.2%) (4.3%) (10.4%) (19.6%) (11.7%) 4.39 32.04 28.39 1.41 5.64 16.71 23.74 13.35 Rockford (2.9%) (21.2%) (18.8%) (0.9%) (3.7%) (11.1%) (15.7%) (8.8%) 4.67 3.02 17.74 1.54 6.99 10.39 20.85 11.06 Springfield (4.1%) (2.7%) (15.7%) (1.4%) (6.2%) (9.2%) (18.5%) (9.8%) 210.56 567.1 1174.93 96.51 368.8 928.01 901.45 563.9 IL (3.6%) (9.6%) (19.9%) (1.6%) (6.2%) (15.7%) (15.3%) (9.6%) * The Illinois Department of Employment Security does not collect sector employment data for Metro-East 3.82 (4.1%) 3.39 (3.1%) 175.09 (4.3%) 7.36 (4.1%) 2.2 (4.4%) 1.7 (3.8%) 7.86 (4.4%) 8.74 (5.8%) 6.65 (5.9%) 253.7 (4.3%) Government (GOV) 14.96 (15.9%) 35.94 (33.1%) 478.69 (11.9%) 25.46 (14.2%) 5.37 (10.7%) 6.81 (15.2%) 21.11 (11.8%) 16.69 (11%) 29.73 (26.4%) 830.63 (14.1%) Total non-farm Employment growth rate Jan 1990 – December 2015 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 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 1/29/2016 www.real.illinois.edu page 4 Employment Forecast for MSAs MSAs December 2015* December 2016 (p)* 94,300 BloomingtonNormal ChampaignUrbana-Rantoul Sector with Highest Growth Rate (p) Sector with Lowest Growth Rate (p) Number of Jobs * Growth Rate % Growth 94,800 500 ~ 600 0.50%~ 0.67% + GOV (5.51%) INF (-12.79%) 108,600 109,000 400~500 0.35%~0.43% + INF (7.37%) MAN (-1.50%) Chicago 4,026,000 4,006,100 -19,800~24,700 -0.49%~0.61% - TTU (4.93%) PRO (-6.89%) Davenport-Rock Island-Moline 179,200 179,100 -100~ 200 -0.08%~ 0.09% - EDU (3.60%) INF (-3.66%) Decatur 50,300 49,400 -900~-800 -1.61%~-1.76% - PRO (2.11%) INF (-6.56%) Kankakee 44,800 45,500 700~1,200 1.45%~ 2.69% + PRO (4.93%) MAN (-1.53%) Peoria 178,200 178,300 100~500 0.04%~ 0.27% + PRO (4.02%) LEI (-3.92%) Rockford 151,200 151,230 60~700 0.04%~0.43% + EDU (2.30%) CON (-7.14%) Springfield 112,800 112,500 -300~-230 -0.23%~ -0.20% - EDU (2.44%) INF (-11.21%) *Total Non-Farm Jobs Number of Jobs (in thousands) 105000 Total Non-farm Employment Forecast Bloomington (BN) Number of Jobs (in thousands) 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 Year Number of Jobs (in thousands) 4100000 1990 1992 1994 1996 Number of Jobs (in thousands) 195000 Total Non-farm Employment Forecast Chicago (CHI) 4000000 190000 3900000 185000 3800000 180000 3700000 175000 3600000 170000 3500000 165000 3400000 160000 3300000 155000 1998 2000 2002 2004 2006 2008 2010 2012 2014 2016 Year Total Non-farm Employment Forecast Davenport-Rock-Island-Moline (DRM) 150000 3200000 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 2016 Year Year Illinois Jobs Index: MSA REPORT release 1/29/2016 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 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014 30000 2016 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 160000 145000 140000 150000 135000 140000 130000 130000 125000 120000 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014 120000 2016 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014 Year Number of Jobs (in thousands) 120000 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 1/29/2016 www.real.illinois.edu page 6