Illinois Job Index: MSA Report Release data Issue Dec 29/2015 Jan 1990 / November 2015 15.12 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. Dec 2015 Total non-farm employment November 2015 Number of Jobs Nation Rest of Midwest (RMW) Illinois Illinois Metro Illinois non-Metro (Rural) Illinois Chicago (Upstate) Illinois non-Chicago 142,900,000 20,032,600 5,927,200 5,189,100 738,100 4,037,100 1,890,100 Oct 2015 – Nov 2015 Growth Rate (%) 0.15 0.11 0.01 -0.03 0.27 -0.05 0.12 Number of Jobs 211,000 21,100 400 -1,600 2,000 -1,800 2,200 Last 12 months Growth Rate (%) 1.88 1.48 0.61 0.81 -0.80 1.02 -0.27 Number of Jobs 2,637,000 292,400 35,700 41,700 -6,000 40,800 -5,100 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 400 jobs in November 2015, compared with a 13,700 job gain in October 2015. Compared to November 2014, Illinois has added 35,700 jobs. The three-month moving average, a more stable measure of labor market, showed an increase of 3,700 jobs per month. Illinois has a net loss of 60,700 jobs since the economic crisis developed in December 2007. Since January 2010 when Illinois employment resumed after the national recession, Illinois has added 342,300 new jobs. Chicago-Downstate and Metro-Rural both had mixed performances. Illinois Rural area added 2,000 jobs at 0.27% this month, compared to a revised 2,500 job loss in October 2015. At the same time, Metro lost 1,600 jobs at -0.03% in November, compared to a revised 16,200 job gain in the previous month. Chicago lost 1,800 jobs at -0.05% in November 2015, compared to a revised 14,700 job gain last month. Meanwhile, Downstate added 2,200 jobs at 0.12%, compared to a revised 1,000 job loss last month. In terms of the 12-month aggregated account, Metro registered a positive 0.81% growth by adding 41,700 jobs whereas Rural lost 6,000 jobs at -0.80%. Chicago added 40,800 jobs at 1.02% whereas Downstate lost 5,100 jobs at -0.27%. Through November 2015, the cumulative job growth for Metro, Rural, Chicago and Downstate compared to January 1990 stood at 12.61%, 11.76%, 13.06% and 11.34% respectively. Illinois Metro lost 1,600 jobs at -0.03% in November 2015. Five 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 10.97%, which is the highest among all the IL MSAs; Decatur has experienced the lowest average growth rate, -3.60%. In terms of growth performance, five MSAs posted net improvements from October to November, four declined in terms of rank. Kankakee dropped to the last place in terms of monthly growth performance, while Champaign-UrbanaRantoul 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 climbed to the first place. Illinois Jobs Index: MSA REPORT release 12/29/2015 www.real.illinois.edu page 1 Total non-farm Employment growth Jan 1990 – November 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 November 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 0.04%. The same rate for Chicago (Upstate) is 0.01% and for Downstate it is -0.04%. Over the last 12-month period, the average growth rate for Metro was 0.07% and for Rural it was -0.06%. Downstate registered a -0.07% 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(%) 0.03 0.12 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 Nov 2015 Number of Jobs 95,000 109,100 4,037,100 180,200 50,300 44,800 178,100 151,200 113,100 230,200 Oct 2015 – Nov 2015 Growth compared to Illinois + + + + + - Last 12 months Growth Rate % Number Of Jobs Growth Rate % 0.12 0.30 -0.05 -0.17 -0.38 -0.73 0.16 0.06 0.25 -0.03 0.01 100 300 -1,800 -300 -200 -300 300 100 300 -100 400 0.97 1.54 1.02 -1.75 -1.19 -0.51 -0.29 -0.18 1.27 0.78 0.61 release 12/29/2015 www.real.illinois.edu Number of Jobs 900 1,700 40,800 -3,200 -600 -200 -500 -300 1,400 1,800 35,700 page 2 MSA League Tables*: Non-farm Employment Growth Rate Monthly growth: Rank October 2015 November 2015 Rank Change** 1 Kankakee(0.82%) Champaign-Urbana-Rantoul(0.3%) 1 (+7) 2 Springfield (0.63%) Springfield (0.25%) 2 (+0) 3 Decatur(0.56%) Peoria(0.16%) 3 (+3) 4 Rockford (0.46%) Bloomington-Normal(0.12%) 4 (+5) 5 Chicago(0.44%) Rockford (0.06%) 5 (-1) 6 Peoria(0.07%) Metro-East(-0.03%) 6 (+1) 7 Metro-East(0.05%) Chicago(-0.05%) 7 (-2) 8 Champaign-Urbana-Rantoul(-0.14%) Davenport-Rock Island-Moline(-0.17%) 8 (+2) 9 Bloomington-Normal(-0.18%) Decatur(-0.38%) 9 (-6) 10 Davenport-Rock Island-Moline(-0.53%) Kankakee(-0.73%) 10 (-9) Growth over last 12-months: Rank October 2015 November 2015 Rank Change** 1 Chicago (1.14%) Champaign-Urbana-Rantoul (1.54%) 1 (+2) 2 Springfield (1.07%) Springfield (1.27%) 2 (+0) 3 Champaign-Urbana-Rantoul (1%) Chicago (1.02%) 3 (-2) 4 Metro-East (0.79%) Bloomington-Normal (0.97%) 4 (+1) 5 Bloomington-Normal (0.76%) Metro-East (0.78%) 5 (-1) 6 Kankakee (-0.05%) Rockford (-0.18%) 6 (+2) 7 Decatur (-0.39%) Peoria (-0.29%) 7 (+2) 8 Rockford (-0.42%) Kankakee (-0.51%) 8 (-2) 9 Peoria (-1%) Decatur (-1.19%) 9 (-2) 10 Davenport-Rock Island-Moline (-2.13%) Davenport-Rock Island-Moline (-1.75%) 10 (+0) Talking Points MSA League Tables Kankakee (1st to 10th) experienced the deepest fall in November 2015. Rockford (4th to 5th), Chicago (5th to 7th) and Decatur (3rd to 9th) also dropped in terms of rank from last month. The most remarkable upward move in November was recorded for Champaign-Urbana-Rantoul (8th to 1st). In the 12-month growth league table, upward moves were recorded for Champaign-Urbana-Rantoul (3rd to 1st), Bloomington-Normal (5th to 4th), Rockford (8th to 6th) and Peoria (9th to 7th). Downward moves were recorded for Chicago (1st to 3rd), Metro-East (4th to 5th), Kankakee (6th to 8th) and Decatur (7th to 9th). In the 12 months growth league table, Davenport-Rock Island-Moline remained in the last place while Champaign-Urbana-Rantoul 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 12/29/2015 www.real.illinois.edu page 3 November 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 2.25 4.81 15.92 0.7 12.11 17.67 10.94 11.38 (2.4%) (5.1%) (16.8%) (0.7%) (12.7%) (18.6%) (11.5%) (12%) 3.28 7.99 16.95 2.43 4.33 8.29 14.78 11.81 Champaign-Urbana (3%) (7.3%) (15.5%) (2.2%) (4%) (7.6%) (13.5%) (10.8%) 136.07 332.27 810 75.25 269.05 749.36 622.9 383.45 Chicago (3.4%) (8.2%) (20.1%) (1.9%) (6.7%) (18.6%) (15.4%) (9.5%) 8.89 23.63 39.15 2.3 7.88 21.87 25.55 17.89 Davenport-Rock Island-Moline (4.9%) (13.1%) (21.7%) (1.3%) (4.4%) (12.1%) (14.2%) (9.9%) 3.38 10.14 10.44 0.6 1.91 3.48 8.22 4.87 Decatur (6.7%) (20.1%) (20.7%) (1.2%) (3.8%) (6.9%) (16.3%) (9.7%) 1.12 5.82 10.5 0.4 1.9 3.79 8.55 4.22 Kankakee (2.5%) (13%) (23.4%) (0.9%) (4.2%) (8.5%) (19.1%) (9.4%) 7.6 25.42 31.5 2.21 7.58 18.95 34.8 21.19 Peoria (4.3%) (14.3%) (17.7%) (1.2%) (4.3%) (10.6%) (19.5%) (11.9%) 4.43 31.79 28.6 1.42 5.61 16.36 23.74 13.54 Rockford (2.9%) (21%) (18.9%) (0.9%) (3.7%) (10.8%) (15.7%) (9%) 4.55 2.93 17.99 1.55 6.99 10.41 20.92 11.19 Springfield (4%) (2.6%) (15.9%) (1.4%) (6.2%) (9.2%) (18.5%) (9.9%) 209.67 567.07 1183.66 98.06 368.6 936.06 907.52 565.24 IL (3.5%) (9.6%) (20%) (1.7%) (6.2%) (15.8%) (15.3%) (9.5%) * The Illinois Department of Employment Security does not collect sector employment data for Metro-East Government (GOV) 3.82 (4%) 3.39 (3.1%) 176.26 (4.4%) 7.37 (4.1%) 2.21 (4.4%) 1.7 (3.8%) 7.84 (4.4%) 8.74 (5.8%) 6.62 (5.9%) 255.67 (4.3%) 15.41 (16.2%) 35.89 (32.9%) 479.29 (11.9%) 25.6 (14.2%) 5.26 (10.4%) 6.89 (15.4%) 21.01 (11.8%) 16.74 (11.1%) 29.8 (26.4%) 830.72 (14%) Total non-farm Employment growth rate Jan 1990 – November 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 12/29/2015 www.real.illinois.edu page 4 Employment Forecast for MSAs MSAs November 2015* November 2016 (p)* 95,000 BloomingtonNormal ChampaignUrbana-Rantoul Sector with Highest Growth Rate (p) Sector with Lowest Growth Rate (p) Number of Jobs * Growth Rate % Growth 95,200 160 ~ 210 0.17%~ 0.22% + GOV (3.85%) INF (-14.02%) 109,100 109,700 600~650 0.51%~0.59% + EDU (3.09%) LEI (-1.33%) MAN (-1.37%) Chicago 4,037,700 4,097,700 60,600~65,000 1.50%~1.61% + CON (4.21%) Davenport-Rock Island-Moline 180,200 180,200 0~ 1,200 0.00%~ 0.64% - LEI (1.65%) INF (-4.19%) Decatur 50,300 49,500 -800~-500 -1.61%~-1.08% - PRO (1.41%) INF (-7.01%) Kankakee 44,800 44,700 -100~100 -0.28%~ 0.17% - CON (2.58%) LEI (-1.92%) Peoria 178,100 178,300 200~600 0.12%~ 0.32% + TTU (2.21%) LEI (-5.50%) Rockford 151,200 151,000 -200~400 -0.11%~0.26% - EDU (2.78%) CON (-6.67%) Springfield 113,100 112,800 -300~-100 -0.25%~ -0.10% - EDU (2.33%) INF (-10.69%) *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 85000 105000 80000 100000 75000 95000 70000 90000 65000 85000 60000 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 2012 2014 2016 Year Number of Jobs (in thousands) 4200000 Number of Jobs (in thousands) 195000 Total Non-farm Employment Forecast Chicago (CHI) 4100000 Year Total Non-farm Employment Forecast Davenport-Rock-Island-Moline (DRM) 190000 4000000 185000 3900000 180000 3800000 3700000 175000 3600000 170000 3500000 165000 3400000 160000 3300000 155000 3200000 150000 3100000 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 12/29/2015 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 2014 30000 2016 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014 2016 Year Number of Jobs (in thousands) 200000 Year 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 120000 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 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 12/29/2015 www.real.illinois.edu page 6