Illinois Job Index: MSA Report

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Illinois Job Index:
MSA Report
Release
data
Issue
Jan 29/2015
Jan 1990 / December 2014
15.1
Note: IDES revised their estimates for the number of jobs at the beginning of 2014.
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
2015
Total non-farm employment
December
2014 Number
of Jobs
Nation
Rest of Midwest (RMW)
Illinois
Illinois Metro
Illinois non-Metro (Rural)
Illinois Chicago (Upstate)
Illinois non-Chicago
140,347,000
19,782,300
5,880,300
5,364,200
516,100
4,227,000
1,653,300
Nov 2014 – Dec 2014
Growth
Rate
(%)
0.18
0.12
0.29
0.09
2.39
0.14
0.69
Number
of Jobs
252,000
23,800
17,100
5,000
12,100
5,800
11,300
Last 12 months
Growth
Rate
(%)
2.15
1.43
0.89
0.71
2.73
0.94
0.74
Number
of Jobs
2,952,000
278,700
51,600
37,900
13,700
39,400
12,200
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 17,100 jobs in December 2014, compared with a job gain of 7,100 in November 2014. Compared to
December 2013, Illinois has added 51,600 jobs. The three-month moving average of jobs, a more stable measure of
the labor market, was up by 7,300 jobs per month.
Illinois has a net loss of 107,600 jobs since the economic crisis developed in December 2007.
Since January 2010 when Illinois employment resumed after the national recession, Illinois has added 295,400 new
jobs.
The major geographic divisions, Chicago-Downstate and Metro-Rural all had positive performances.
Illinois Rural area added 12,100 jobs at 2.39% this month, compared to a revised 6,700 job gain in November
2014. At the same time, Metro added 5,000 jobs at 0.09% this month, compared to a revised 400 job gain in
the previous month.
Chicago added 5,800 jobs at 0.14% in December 2014, compared to a revised 600 job gain last month.
Meanwhile, Downstate added 11,300 jobs at 0.69%, compared to a revised 6,500 job gain last month.
In terms of the 12-month aggregated account, Metro registered a positive 0.71 % growth by adding 37,900 jobs
whereas Rural gained 13,700 jobs at 2.73 %. Chicago added 39,400 jobs at 0.94% whereas Downstate added
12,200 jobs at 0.74%.
Through December 2014, the cumulative job growth for Metro, Rural, Chicago and Downstate compared to
January 1990 stood at 11.98%, 8.01%, 12.49% and 9.44% respectively.
Illinois Metro added 5,000 jobs at 0.09% in December 2014. Five out of ten MSAs posted positive growth.
Since the job recovery resumed in Jan 2010 in Illinois, Chicago Upstate has shown an average growth rate of
10.50%, which is the highest among all the IL MSAs; Bloomington-Normal has experienced the lowest average
growth rate, -4.81%.
In terms of growth performance, four MSAs posted a net improvement from November to December, five
declined in terms of rank, and one remained in the same place.
Peoria dropped to the last place in terms of monthly growth performance, while Champaign-Urbana-Rantoul
remained in the first place.
Over the last 12-month period, Champaign-Urbana-Rantoul remained in the first place while Peoria dropped to
the last place.
Illinois Jobs Index: MSA REPORT
release 1/29/2015
www.real.illinois.edu
page 1
Total non-farm Employment growth Jan 1990 – December 2014
130.00
125.00
120.00
115.00
110.00
105.00
100.00
95.00
90.00
US (1)
RMW (2)
IL (3)
IL_NonChicago (4)
Metro (5)
Rural (6)
85.00
1990 199119921993 199419951996 199719981999 2000200120022003 200420052006 200720082009 201020112012 20132014
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 2014 was -0.02%. This is better than the performance during the 2000-2001 downturns which
saw declines of -0.09%.
Since the economic crisis in December 2007, the average growth for Metro is -0.02% while for Rural it is
0.02%. 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 0.06% and for Rural it was 0.25%.
Downstate registered a 0.06% average job gain in 2014 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 and -0.03% decline in 2013.
Average Growth Rates for Illinois, RMW and the Nation
2010(%)
2011(%)
2012(%)
2013(%)
0.08
0.08
0.12
0.07
0.09
0.13
0.12
0.12
0.07
0.13
0.14
0.14
2014(%)
0.07
0.12
0.18
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 2014
Number of
Jobs
87,800
108,100
4,227,000
181,800
51,400
43,700
176,400
148,200
111,000
228,300
November 2014 – December 2014
Growth
compared
to Illinois
-
Last 12 months
Growth
Rate %
Number
Of Jobs
Growth
Rate %
Number
of Jobs
-0.22
0.26
0.14
0.06
0.26
-0.37
-0.73
-0.11
0.11
-0.06
0.29
-200
300
5,800
100
100
-200
-1,300
-200
100
-200
17,100
-0.99
1.44
0.94
-0.70
0.01
-0.46
-1.03
0.59
0.09
-0.22
0.89
-900
1,500
39,400
-1,300
10
-200
-1,800
900
100
-500
51,600
release 1/29/2015
www.real.illinois.edu
page 2
MSA League Tables*: Non-farm Employment Growth Rate
Monthly growth:
Rank
November 2014
December 2014
Rank
Change**
1
Rockford (0.25%)
Champaign-Urbana-Rantoul(0.26%)
1
(+7)
2
Decatur(0.21%)
Decatur(0.26%)
2
(+0)
3
Davenport-Rock Island-Moline(0.16%)
Metro-East(0.16%)
3
(+3)
4
Springfield (-0.03%)
Chicago(0.14%)
4
(+1)
5
Chicago(-0.03%)
Springfield (0.11%)
5
(-1)
6
Metro-East(-0.05%)
Davenport-Rock Island-Moline(0.06%)
6
(-3)
7
Kankakee(-0.26%)
Rockford (-0.11%)
7
(-6)
8
Champaign-Urbana-Rantoul(-0.31%)
Bloomington-Normal(-0.22%)
8
(+2)
9
Peoria(-0.34%)
Kankakee(-0.37%)
9
(-2)
10
Bloomington-Normal(-0.57%)
Peoria(-0.73%)
10
(-1)
Growth over last 12-months:
Rank
November 2014
December 2014
Rank
Change**
1
Champaign-Urbana-Rantoul (0.89%)
Champaign-Urbana-Rantoul (1.44%)
1
(+0)
2
Rockford (0.77%)
Chicago (0.94%)
2
(+1)
3
Chicago (0.76%)
Rockford (0.59%)
3
 (-1)
4
Kankakee (0.21%)
Springfield (0.09%)
4
(+1)
5
Springfield (-0.2%)
Metro-East (0.08%)
5
(+1)
6
Metro-East (-0.24%)
Decatur (0.01%)
6
(+1)
7
Decatur (-0.38%)
Kankakee (-0.46%)
7
 (-3)
8
Davenport-Rock Island-Moline (-0.48%)
Davenport-Rock Island-Moline (-0.7%)
8
(+0)
9
Peoria (-0.64%)
Bloomington-Normal (-0.99%)
9
(+1)
10
Bloomington-Normal (-1.11%)
Peoria (-1.03%)
10
 (-1)
Talking Points


MSA League
Tables




Rockford (1st to 7th) experienced the deepest fall this month.
Springfield (4th to 5th), Davenport-Rock Island-Moline (3rd to 6th), Kankakee (7th to 9th) and Peoria (9th to
10th) also dropped in terms of rank from last month.
The most remarkable upward move in December was recorded for Champaign-Urbana-Rantoul (8th to 1st).
In the 12 months growth league table, upward moves were recorded for Chicago (3rd to 2nd), Springfield
(5th to 4th), Metro-East (6th to 5th), Decatur (7h to 6th), and Bloomington-Normal (10th to 9th).
Downward moves were recorded for Rockford (2nd to 3rd), Kankakee (4th to 7th) and Peoria (9th to 10th).
In the 12 months growth league table, Peoria dropped to the last place and 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 1/29/2015
www.real.illinois.edu
page 3
December 2014 MSA Employment by Sectors (000s) *
Trade,
Construc- Manufac- transportat Information
turing
ion &
tion
(CON)
(MAN)
utilities
(INF)
(TTU)
Market Area
Financial
activities
(FIN)
Profession
al &
Education Leisure &
Other
business & health hospitality Services
services
(EDU)
(LEI)
(OTH)
(PRO)
BloomingtonNormal
2.12
4.31
13.73
0.71
12.34
16.63
10.11
10.78
(2.4%)
(4.9%)
(15.6%)
(0.8%)
(14%)
(18.9%) (11.5%) (12.3%)
3.17
7.94
16.42
2.64
4.54
8.61
14.58
11.25
Champaign-Urbana
(2.9%)
(7.4%)
(15.2%)
(2.4%)
(4.2%)
(8%)
(13.5%) (10.4%)
140.04
371.49
847.8
77.58
278.09
767.87
643.38
401.95
Chicago
(3.3%)
(8.8%)
(20.1%)
(1.8%)
(6.6%)
(18.2%) (15.2%)
(9.5%)
8.31
24.19
39.56
2.49
7.97
22.64
26.05
18.14
Davenport-Rock
Island-Moline
(4.6%)
(13.3%) (21.8%)
(1.4%)
(4.4%)
(12.4%) (14.3%)
(10%)
3.59
9.89
10.89
0.6
1.91
3.23
8.36
5.07
Decatur
(7%)
(19.2%) (21.2%)
(1.2%)
(3.7%)
(6.3%)
(16.3%)
(9.9%)
1.31
5.55
10.02
0.5
1.92
3.18
9.06
3.77
Kankakee
(3%)
(12.7%) (22.9%)
(1.1%)
(4.4%)
(7.3%)
(20.7%)
(8.6%)
7.46
26.61
31.89
2.2
7.33
20.56
34.71
16.96
Peoria
(4.2%)
(15.1%) (18.1%)
(1.2%)
(4.2%)
(11.7%) (19.7%)
(9.6%)
4.55
30.85
27.6
1.32
5.22
16.51
23.42
13.21
Rockford
(3.1%)
(20.8%) (18.6%)
(0.9%)
(3.5%)
(11.1%) (15.8%)
(8.9%)
4.71
17.7
1.42
7.54
10.44
20.2
10.26
Springfield
3 (2.7%)
(4.2%)
(15.9%)
(1.3%)
(6.8%)
(9.4%)
(18.2%)
(9.2%)
205.93
576.9
1165.09
96.93
367.88
913.07
894.14
553.87
IL
(3.5%)
(9.8%)
(19.9%)
(1.7%)
(6.3%)
(15.6%) (15.2%)
(9.4%)
* The Illinois Department of Employment Security does not collect sector employment data for Metro-East
3.48
(4%)
3.41
(3.2%)
179.09
(4.2%)
7.34
(4%)
2.33
(4.5%)
1.7
(3.9%)
7.99
(4.5%)
9.15
(6.2%)
6.26
(5.6%)
251.95
(4.3%)
Government
(GOV)
13.67
(15.6%)
35.67
(33%)
518.03
(12.3%)
25.14
(13.8%)
5.59
(10.9%)
6.71
(15.4%)
20.62
(11.7%)
16.33
(11%)
29.49
(26.6%)
832.78
(14.2%)
Total non-farm Employment growth rate Jan 1990 – December 2014
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)
140.00
130.00
St.Louis (11)
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
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 1/29/2015
www.real.illinois.edu
page 4
Employment Forecast for MSAs
MSAs
December
2014*
December
2015 (p)*
87,800
BloomingtonNormal
Champaign-UrbanaRantoul
Sector with
Highest
Growth
Rate
(p)
Sector with
Lowest
Growth Rate
(p)
INF (-10.18%)
Number of
Jobs *
Growth Rate
%
Growth
87,100
-700 ~ -600
-0.85%~ -0.74%
-
LEI (1.24%)
108,100
108,300
200~300
0.17%~ 0.25%
+
FIN (0.86%)
LEI (-3.31%)
Chicago
4,227,000
4,207,300
-19,700~-,1100
-0.47%~-0.03%
-
CON (1.23%)
INF (-2.57%)
Davenport-Rock
Island-Moline
181,800
180,900
-900~ -870
-0.51%~ -0.48%
-
EDU (1.23%)
PRO (-3.04%)
Decatur
51,400
51,000
-400~-200
-0.82%~-0.45%
-
PRO (1.36%)
INF (-5.74%)
Kankakee
43,700
44,000
300~500
0.77%~ 1.14%
+
PRO (2.52%)
CON (-2.08%)
Peoria
176,400
177,300
800~1,900
0.47 %~ 1.10%
+
TTU (3.11%)
PRO (-3.64%)
Rockford
148,200
149,400
1,300~1,800
0.87%~1.18%
+
LEI (2.04%)
FIN (-3.10%)
Springfield
111,000
110,900
-100~0
-0.09%~ 0.00%
-
EDU (1.11%)
CON (-3.67%)
*Total Non-Farm Jobs
Number of Jobs
(in thousands)
95000
Total Non-farm Employment Forecast
Bloomington (BN)
Number of Jobs
(in thousands)
90000
115000
85000
110000
80000
105000
75000
100000
70000
95000
65000
90000
60000
1990
Total Non-farm Employment Forecast
Champaign-Urbana-Rantoul (CU)
120000
1992
1994
1996
1998
2000
2002
2004
2006
2008
2010
2012
85000
2014
1990
Year
Number of Jobs
(in thousands)
4400000
1992
1994
1996
Number of Jobs
(in thousands)
195000
Total Non-farm Employment Forecast
Chicago (CHI)
1998
2000
2002
2004
2006
2008
2010
2012
2014
2010
2012
2014
Year
Total Non-farm Employment Forecast
Davenport-Rock-Island-Moline (DRM)
190000
4200000
185000
4000000
180000
175000
3800000
170000
3600000
165000
160000
3400000
155000
3200000
150000
1990
1992
1994
1996
1998
2000
2002
2004
2006
2008
2010
2012
2014
1990
1992
1994
1996
1998
Year
Illinois Jobs Index: MSA REPORT
2000
2002
2004
2006
2008
Year
release 1/29/2015
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
30000
2014
1990
1992
1994
1996
1998
2000
2002
2004
2006
2008
2010
2012
2014
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
1990
1992
1994
1996
1998
Year
Number of Jobs
(in thousands)
120000
2000
2002
2004
2006
2008
2010
2012
2014
Year
Total Non-farm Employment Forecast
Springfield (SP)
118000
116000
114000
112000
110000
108000
106000
104000
102000
100000
1990
1992
1994
1996
1998
2000
2002
2004
2006
2008
2010
2012
2014
Year
Illinois Jobs Index: MSA REPORT
release 1/29/2015
www.real.illinois.edu
page 6
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