Illinois Job Index: MSA Report Release data Issue Nov 29/2014 Jan 1990 / October 2014 14.11 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. Nov 2014 Total non-farm employment October 2014 Number of Jobs Nation Rest of Midwest (RMW) Illinois Illinois Metro Illinois non-Metro (Rural) Illinois Chicago (Upstate) Illinois non-Chicago 139,724,000 19,689,100 5,856,100 5,359,400 496,700 4,221,000 1,635,100 Sep 2014 – Oct 2014 Growth Rate (%) 0.17 0.16 -0.04 0.13 -1.78 0.12 -0.44 Number of Jobs 243,000 32,000 -2,200 6,800 -9,000 5,100 -7,300 Last 12 months Growth Rate (%) 1.96 1.13 0.67 0.65 0.95 0.83 0.26 Number of Jobs 2,687,000 219,700 39,200 34,500 4,700 34,900 4,300 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 lost 2,200 jobs in October 2014, compared with a job gain of 14,000 in September 2014. Compared to October 2013, Illinois has added 39,200 jobs. The three-month moving average of jobs, a more stable measure of the labor market, was up by 10,800 jobs per month. Illinois has a net loss of 131,800 jobs since the economic crisis developed in December 2007. Since January 2010 when Illinois employment resumed after the national recession, Illinois has added 271,900 new jobs. The major geographic divisions, Chicago-Downstate and Metro-Rural had mixed performances. Illinois Rural area shed 9,000 jobs at -1.78% this month, compared to a revised 8,700 job gain in September 2014. At the same time, Metro added 6,800 jobs at 0.13% this month, compared to a revised 5,300 job gain in the previous month. Chicago added 5,100 jobs at 0.12% in October 2014, compared to a revised 5,100 job gain last month. Meanwhile, Downstate shed 7,300 jobs at -0.44%, compared to a revised 8,900 job gain last month. In terms of the 12-month aggregated account, Metro registered a positive 0.65 % growth by adding 34,500 jobs whereas Rural gained 4,700 jobs at 0.95 %. Chicago added 34,900 jobs at 0.83% whereas Downstate added 4,300 jobs at 0.26%. Through October 2014, the cumulative job growth for Metro, Rural, Chicago and Downstate compared to January 1990 stood at 11.88%, 3.96%, 12.33% and 8.24% respectively. Illinois Metro added 6,800 jobs at 0.13% in October of 2014. Seven 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 10.61% which is the highest among all the IL MSAs; Bloomington-Normal has experienced the lowest average growth rate, -3.54%. In terms of growth performance, seven MSAs posted a net improvement from September to October and three declined in terms of rank. Metro-East dropped to the last place in terms of monthly growth performance, while Rockford climbed up to the first place. Over the last 12-month period, Champaign-Urbana-Rantoul remained in the first place while Davenport-Rock Island-Moline dropped to the last place. Illinois Jobs Index: MSA REPORT release 11/29/2014 www.real.illinois.edu page 1 Total non-farm Employment growth Jan 1990 – October 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 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 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 2014 was -0.03%. 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 -0.03% while for Rural it is -0.02%. The same rate for Chicago (Upstate) is -0.02% and for Downstate it is -0.05%. Over the last 12-month period, the average growth rate for Metro was 0.05% and for Rural it was 0.10%. Downstate registered a -0.03% average job decline 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(%) 0.05 0.09 0.17 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 2014 Number of Jobs 88,500 108,000 4,221,000 181,600 51,100 44,100 177,700 147,900 111,000 228,500 September 2014 – October 2014 Growth compared to Illinois + + + + + + + - Last 12 months Growth Rate % Number Of Jobs Growth Rate % Number of Jobs -0.02 0.37 0.12 -0.08 0.03 0.23 0.46 0.56 0.12 -0.18 -0.04 -20 400 5,100 -100 20 100 800 800 100 -400 -2,200 -0.52 1.80 0.83 -0.99 -0.38 0.68 -0.32 0.55 0.08 -0.20 0.67 -500 1,900 34,900 -1,800 -200 300 -600 800 100 -500 39,200 release 11/29/2014 www.real.illinois.edu page 2 MSA League Tables*: Non-farm Employment Growth Rate Monthly growth: Rank September 2014 October 2014 Rank Change** 1 Kankakee(1.64%) Rockford (0.56%) 1 (+6) 2 Springfield (0.75%) Peoria (0.46%) 2 (+1) 3 Peoria(0.7%) Champaign-Urbana-Rantoul (0.37%) 3 (+1) 4 Champaign-Urbana-Rantoul(0.42%) Kankakee (0.23%) 4 (-3) 5 Metro-East(0.36%) Chicago (0.12%) 5 (+1) 6 Chicago(0.18%) Springfield (0.12%) 6 (-4) 7 Rockford (-0.02%) Decatur (0.03%) 7 (+1) 8 Decatur(-0.11%) Bloomington-Normal (-0.02%) 8 (+1) 9 Bloomington-Normal(-0.14%) Davenport-Rock Island-Moline (-0.08%) 9 (+1) 10 Davenport-Rock Island-Moline(-0.37%) Metro-East (-0.16%) 10 (-5) Growth over last 12-months: Rank September 2014 October 2014 Rank Change** 1 Champaign-Urbana-Rantoul (2.2%) Champaign-Urbana-Rantoul (1.8%) 1 (+0) 2 Springfield (1.87%) Chicago (0.83%) 2 (+2) 3 Kankakee (1.34%) Kankakee (0.68%) 3 (+0) 4 Chicago (1.06%) Rockford (0.55%) 4 (+2) 5 Decatur (0.17%) Springfield (0.08%) 5 (-3) 6 Rockford (0.16%) Metro-East (-0.2%) 6 (+1) 7 Metro-East (-0.25%) Peoria (-0.32%) 7 (+2) 8 Davenport-Rock Island-Moline (-0.47%) Decatur (-0.38%) 8 (-3) 9 Peoria (-0.6%) Bloomington-Normal (-0.52%) 9 (+1) 10 Bloomington-Normal (-0.75%) Davenport-Rock Island-Moline (-0.99%) 10 (-2) Talking Points MSA League Tables Metro-East (5th to 10th) experienced the deepest fall this month. Springfield (2nd to 6th) and Kankakee (1st to 4th) also dropped in terms of rank from last month. The most remarkable upward move in October was recorded for Rockford (7th to 1st). In the 12 months growth league table, upward moves were recorded for Chicago (4th to 2nd), Rockford (6th to 4th), Metro-East (7th to 6th), Peoria (9th to 7th) and Bloomington-Normal (10th to 9th). Downward moves were recorded for Springfield (2nd to 5th), Decatur (5th to 8th) and Davenport-Rock Island-Moline (8th to 10th). In the 12 months growth league table, Davenport-Rock Island-Moline 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 11/29/2014 www.real.illinois.edu page 3 October 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 2.09 4.32 13.74 0.71 12.3 16.99 10.19 10.78 (2.4%) (4.9%) (15.5%) (0.8%) (13.9%) (19.2%) (11.5%) (12.2%) 3.23 7.91 16.63 2.58 4.51 8.78 14.53 11.16 Champaign-Urbana (3%) (7.3%) (15.4%) (2.4%) (4.2%) (8.1%) (13.4%) (10.3%) 140.3 370.14 850.05 77.71 278.75 766.62 639.38 398.9 Chicago (3.3%) (8.8%) (20.1%) (1.8%) (6.6%) (18.2%) (15.1%) (9.5%) 8.23 23.81 39.83 2.42 7.97 22.93 25.93 17.96 Davenport-Rock Island-Moline (4.5%) (13.1%) (21.9%) (1.3%) (4.4%) (12.6%) (14.3%) (9.9%) 3.57 9.84 10.83 0.6 1.91 3.23 8.31 5.05 Decatur (7%) (19.3%) (21.2%) (1.2%) (3.7%) (6.3%) (16.3%) (9.9%) 1.34 5.62 10.04 0.5 2.01 3.1 9.09 3.91 Kankakee (3%) (12.8%) (22.8%) (1.1%) (4.6%) (7%) (20.6%) (8.9%) 7.63 26.6 32.2 2.21 7.31 21.69 34.06 17.42 Peoria (4.3%) (15%) (18.1%) (1.2%) (4.1%) (12.2%) (19.2%) (9.8%) 4.6 30.9 27.32 1.24 5.27 16.48 23.41 13.29 Rockford (3.1%) (20.9%) (18.5%) (0.8%) (3.6%) (11.1%) (15.8%) (9%) 4.65 2.98 17.62 1.44 7.51 10.3 20.03 10.22 Springfield (4.2%) (2.7%) (15.9%) (1.3%) (6.8%) (9.3%) (18.1%) (9.2%) 205.61 574.18 1169.44 96.66 367.44 910.92 889.88 551.99 IL (3.5%) (9.8%) (19.9%) (1.6%) (6.3%) (15.5%) (15.2%) (9.4%) * The Illinois Department of Employment Security does not collect sector employment data for Metro-East 3.47 (3.9%) 3.41 (3.2%) 179.61 (4.3%) 7.33 (4%) 2.33 (4.6%) 1.7 (3.9%) 8.04 (4.5%) 9.15 (6.2%) 6.52 (5.9%) 252.9 (4.3%) Government (GOV) 13.91 (15.7%) 35.26 (32.6%) 518.7 (12.3%) 25.28 (13.9%) 5.5 (10.8%) 6.78 (15.4%) 20.96 (11.8%) 16.24 (11%) 29.59 (26.7%) 832.65 (14.2%) Total non-farm Employment growth rate Jan 1990 – October 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 11/29/2014 www.real.illinois.edu page 4 Employment Forecast for MSAs MSAs October 2014* October 2015 (p)* 88,500 BloomingtonNormal Champaign-UrbanaRantoul Sector with Highest Growth Rate (p) Sector with Lowest Growth Rate (p) INF (-10.14%) Number of Jobs * Growth Rate % Growth 88,000 -600 ~ -400 -0.62%~ -0.44% - LEI (1.66%) 108,000 108,300 200~300 0.21%~ 0.25% + EDU (2.64%) CON (-4.28%) Chicago 4,221,000 4,235,500 14,500~23,300 0.34%~0.55% + CON (3.74%) MAN (-2.01%) Davenport-Rock Island-Moline 181,600 180,600 -1,000~ 100 -0.57%~ 0.06% - PRO (1.19%) INF (-3.97%) Decatur 51,100 50,700 -400~-300 -0.72%~-0.65% - PRO (4.82%) INF (-6.08%) Kankakee 44,100 44,100 100~200 0.13%~ 0.43% + OTH (1.67%) CON (-1.26%) Peoria 177,700 180,400 2,700~4,400 1.52 %~ 2.49% + PRO (7.35%) INF (-3.48%) Rockford 147,900 148,500 600~900 0.41%~0.59% + PRO (2.30%) INF (-4.41%) Springfield 111,000 111,000 40~300 0.04%~ 0.30% + INF (1.48%) MAN (-1.11%) *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 2000 2002 2004 2006 2008 Year Illinois Jobs Index: MSA REPORT Year release 11/29/2014 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 2000 2002 2004 2006 2008 2010 2012 2014 Year Number of Jobs (in thousands) 120000 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 11/29/2014 www.real.illinois.edu page 6