Illinois Job Index: MSA Report Release data Issue Nov 29/2015 Jan 1990 / October 2015 15.11 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. Nov 2015 Total non-farm employment October 2015 Number of Jobs Nation Rest of Midwest (RMW) Illinois Illinois Metro Illinois non-Metro (Rural) Illinois Chicago (Upstate) Illinois non-Chicago 142,654,000 20,015,200 5,927,200 5,192,900 734,300 4,041,700 1,885,500 Sep 2015 – Oct 2015 Growth Rate (%) 0.19 0.30 0.24 0.36 -0.63 0.44 -0.19 Number of Jobs 271,000 59,400 14,100 18,800 -4,700 17,800 -3,700 Last 12 months Growth Rate (%) 2.01 1.61 0.68 0.85 -0.48 1.14 -0.28 Number of Jobs 2,814,000 317,800 40,300 43,900 -3,600 45,600 -53,300 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 14,100 jobs in October 2015, compared with a 3,000 job loss in September 2015. Compared to October 2014, Illinois has added 40,300 jobs. The three-month moving average, a more stable measure of labor market, showed an increase of 2,000 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 shed 4,700 jobs at -0.63% this month, compared to a revised 10,400 job loss in September 2015. At the same time, Metro added 18,800 jobs at 0.36% in October, compared to a revised 7,400 job gain in the previous month. Chicago added 17,800 jobs at 0.44% in October 2015, compared to a revised 4,300 job gain last month. Meanwhile, Downstate lost 3,700 jobs at -0.19%, compared to a revised 7,300 job gain last month. In terms of the 12-month aggregated account, Metro registered a positive 0.85 % growth by adding 43,900 jobs whereas Rural lost 3,600 jobs at -0.48%. Chicago added 45,600 jobs at 1.14% whereas Downstate lost 53,300 jobs at -0.28%. Through October 2015, the cumulative job growth for Metro, Rural, Chicago and Downstate compared to January 1990 stood at 12.70%, 11.18%, 13.19% and 11.06% respectively. Illinois Metro added 18,800 jobs at 0.36% in October 2015. Seven 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 11.29%, which is the highest among all the IL MSAs; Decatur has experienced the lowest average growth rate, -2.77%. In terms of growth performance, five MSAs posted net improvements from September to October, five declined in terms of rank. Davenport-Rock Island-Moline dropped to the last place in terms of monthly growth performance, while Kankakee remained in the first place. In the 12 months growth league table, Davenport-Rock Island-Moline remained in the last place while Chicago climbed to the first place. Illinois Jobs Index: MSA REPORT release 11/29/2015 www.real.illinois.edu page 1 Total non-farm Employment growth Jan 1990 – October 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 October 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 0.00% while for Rural it is 0.05%. The same rate for Chicago (Upstate) is 0.01% and for Downstate it is -0.05%. Over the last 12-month period, the average growth rate for Metro was 0.07% and for Rural it was -0.03%. Downstate registered a -0.10% 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 Oct 2015 Number of Jobs 94,900 108,600 4,041,700 180,100 50,600 45,100 177,500 151,100 113,000 230,300 Sep 2015 – Oct 2015 Growth compared to Illinois + + + + - Last 12 months Growth Rate % Number Of Jobs Growth Rate % -0.18 -0.14 0.44 -0.53 0.56 0.82 0.07 0.46 0.63 0.05 0.24 -200 -200 17,800 -1,000 300 400 100 700 700 100 14,100 0.76 1.00 1.14 -2.13 -0.39 -0.05 -1.00 -0.42 1.07 0.79 0.68 release 11/29/2015 www.real.illinois.edu Number of Jobs 700 1,100 45,600 -3,900 -200 -20 -1,800 -600 1,200 1,800 40,300 page 2 MSA League Tables*: Non-farm Employment Growth Rate Monthly growth: Rank September 2015 October 2015 Rank Change** 1 Kankakee(1.88%) Kankakee(0.82%) 1 (+0) 2 Champaign-Urbana-Rantoul(0.31%) Springfield (0.63%) 2 (+6) 3 Peoria(0.28%) Decatur(0.56%) 3 (+6) 4 Metro-East(0.24%) Rockford (0.46%) 4 (+6) 5 Bloomington-Normal(0.05%) Chicago(0.44%) 5 (+1) 6 Chicago(-0.02%) Peoria(0.07%) 6 (-3) 7 Davenport-Rock Island-Moline(-0.11%) Metro-East(0.05%) 7 (-3) 8 Springfield (-0.17%) Champaign-Urbana-Rantoul(-0.14%) 8 (-6) 9 Decatur(-0.27%) Bloomington-Normal(-0.18%) 9 (-4) 10 Rockford (-0.36%) Davenport-Rock Island-Moline(-0.53%) 10 (-3) Growth over last 12-months: Rank September 2015 October 2015 Rank Change** 1 Champaign-Urbana-Rantoul (1.73%) Chicago (1.14%) 1 (+1) 2 Chicago (0.84%) Springfield (1.07%) 2 (+3) 3 Bloomington-Normal (0.71%) Champaign-Urbana-Rantoul (1%) 3 (-2) 4 Metro-East (0.62%) Metro-East (0.79%) 4 (+0) 5 Springfield (0.06%) Bloomington-Normal (0.76%) 5 (-2) 6 Rockford (-0.15%) Kankakee (-0.05%) 6 (+1) 7 Kankakee (-0.7%) Decatur (-0.39%) 7 (+1) 8 Decatur (-0.73%) Rockford (-0.42%) 8 (-2) 9 Peoria (-0.82%) Peoria (-1%) 9 (+0) 10 Davenport-Rock Island-Moline (-2.25%) Davenport-Rock Island-Moline (-2.13%) 10 (+0) Talking Points MSA League Tables Champaign-Urbana-Rantoul (2nd to 8th) experienced the deepest fall in October 2015. Peoria (3rd to 6th), Metro-East (4th to 7th), Bloomington-Normal (5th to 9th) and Davenport-Rock IslandMoline (7th to 10th) also dropped in terms of rank from last month. The most remarkable upward moves in October were recorded for Springfield (8th to 2nd), Decatur (9th to 3rd) and Rockford (10th to 4th). In the 12-month growth league table, upward moves were recorded for Chicago (2nd to 1st), Springfield (5th to 2nd), Decatur (8th to 7th) and Kankakee (7th to 6th). Downward moves were recorded for Champaign-Urbana-Rantoul (1st to 3rd), Bloomington-Normal (3rd to 5th) and Rockford (6th to 8th). In the 12 months growth league table, Davenport-Rock Island-Moline remained in the last place while Chicago 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 11/29/2015 www.real.illinois.edu page 3 October 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 2.46 4.76 16.13 0.71 12.03 17.53 10.81 11.38 (2.6%) (5%) (17%) (0.7%) (12.7%) (18.5%) (11.4%) (12%) 3.23 7.98 16.9 2.52 4.32 8.24 14.66 11.48 Champaign-Urbana (3%) (7.4%) (15.6%) (2.3%) (4%) (7.6%) (13.5%) (10.6%) 134.63 334.99 812.07 74.71 267.49 752.36 624.67 386.04 Chicago (3.3%) (8.3%) (20.1%) (1.8%) (6.6%) (18.6%) (15.5%) (9.6%) 8.88 23.13 39.72 2.32 7.89 21.77 25.32 18.31 Davenport-Rock Island-Moline (4.9%) (12.8%) (22.1%) (1.3%) (4.4%) (12.1%) (14.1%) (10.2%) 3.33 10.18 10.65 0.6 1.91 3.48 8.21 4.81 Decatur (6.6%) (20.1%) (21%) (1.2%) (3.8%) (6.9%) (16.2%) (9.5%) 1.17 5.83 10.53 0.39 1.88 3.86 8.53 4.22 Kankakee (2.6%) (12.9%) (23.3%) (0.9%) (4.2%) (8.6%) (18.9%) (9.3%) 7.61 25.33 32.37 2.21 7.58 18.83 34.68 20.11 Peoria (4.3%) (14.3%) (18.2%) (1.2%) (4.3%) (10.6%) (19.5%) (11.3%) 4.45 31.69 28.96 1.43 5.6 16.39 23.7 13.54 Rockford (2.9%) (21%) (19.2%) (0.9%) (3.7%) (10.8%) (15.7%) (9%) 4.52 2.92 17.98 1.55 6.91 10.44 20.99 11.26 Springfield (4%) (2.6%) (15.9%) (1.4%) (6.1%) (9.2%) (18.6%) (10%) 211.61 569.3 1184.87 98.24 367.87 938.7 908.35 565.65 IL (3.6%) (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 3.78 (4%) 3.38 (3.1%) 174.56 (4.3%) 7.35 (4.1%) 2.23 (4.4%) 1.7 (3.8%) 7.86 (4.4%) 8.72 (5.8%) 6.6 (5.8%) 254.06 (4.3%) Government (GOV) 15.44 (16.3%) 35.81 (33%) 478.68 (11.8%) 25.46 (14.1%) 5.38 (10.6%) 6.85 (15.2%) 21.09 (11.9%) 16.62 (11%) 29.77 (26.3%) 830.83 (14%) Total non-farm Employment growth rate Jan 1990 – October 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 11/29/2015 www.real.illinois.edu page 4 Employment Forecast for MSAs MSAs BloomingtonNormal ChampaignUrbana-Rantoul October 2015* October 2016 (p)* 94,900 Sector with Highest Growth Rate (p) Sector with Lowest Growth Rate (p) Number of Jobs * Growth Rate % Growth 95,200 300 ~ 400 0.27%~ 0.42% + GOV (3.69%) INF (-14.49%) 108,600 109,000 400~500 0.39%~0.46% + EDU (2.39%) CON (-2.11%) Chicago 4,041,700 4,095,000 53,200~57,600 1.32%~1.42% + CON (4.00%) MAN (-0.72%) Davenport-Rock Island-Moline 180,100 179,500 -600~ 400 -0.33%~ 0.24% - EDU (0.77%) INF (-4.69%) Decatur 50,600 49,900 -700~-500 -1.45%~-0.95% - PRO (-0.02%) INF (-6.56%) Kankakee 45,100 44,700 -400~-100 -0.94%~ -0.27% - INF (4.19%) LEI (-2.61%) Peoria 177,500 178,300 800~900 0.47%~ 0.48% + PRO (2.18%) CON (-1.30%) Rockford 151,100 150,000 -1,100~-700 -0.70%~-0.45% - EDU (1.63%) CON (-7.79%) Springfield 113,000 112,700 -300~-100 -0.27%~ -0.08% - FIN (1.91%) INF (-4.81%) *Total Non-Farm Jobs Number of Jobs (in thousands) 105000 Total Non-farm Employment Forecast Bloomington (BN) Number of Jobs (in thousands) 120000 Total Non-farm Employment Forecast Champaign-Urbana-Rantoul (CU) 100000 115000 95000 110000 90000 85000 105000 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) 4200000 1990 1992 1994 1996 Number of Jobs (in thousands) 195000 Total Non-farm Employment Forecast Chicago (CHI) 4100000 1998 2000 2002 2004 2006 2008 2010 2012 2014 2016 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 2012 2014 Illinois Jobs Index: MSA REPORT release 11/29/2015 2016 Year Year 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 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 11/29/2015 www.real.illinois.edu page 6