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