Illinois Job Index: MSA Report

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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
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