Illinois Job Index: MSA Report Release data Issue Aug 29/2014 Jan 1990 / July 2014 14.08 Note: IDES revised their estimates for the number of jobs at the beginning of 2014. www.real.illinois.edu As a companion to the June 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. Total non-farm employment August 2014 Nation Rest of Midwest (RMW) Illinois Illinois Metro Illinois non-Metro (Rural) Illinois Chicago (Upstate) Illinois non-Chicago July 2014 Number of Jobs 139,004,000 19,633,400 5,824,500 5,345,000 479,500 4,208,900 1,615,600 June 2014 – July 2014 Growth Rate (%) 0.15 0.11 0.18 0.18 0.16 0.24 0.00 Number of Jobs 209,000 21,000 10,300 9,500 800 10,300 50 Last 12 months Growth Rate (%) 1.88 1.37 0.61 0.76 -0.99 1.05 -0.49 Number of Jobs 2,570,000 264,500 35,600 40,400 -4,800 43,500 -7,900 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 10,300 jobs in July 2014, compared with a job gain of 7,000 in June 2014. Compared to July 2013, Illinois has added 35,600 jobs. The three-month moving average of jobs, a more stable measure of the labor market, was up by 6,000 jobs per month. Illinois has lost 163,400 jobs since the economic crisis developed in December 2007. Since January 2010 when Illinois employment resumed after the national recession, Illinois has added 239,600 new jobs. The major geographic divisions, Chicago-Downstate and Metro-Rural all had positive performance. Illinois Rural area added 800 jobs at 0.16% this month, compared to a revised 1,100 job loss in June 2014. At the same time, Metro added 9,500 jobs at 0.18% this month, compared to a revised 8,100 job gain in the previous month. Chicago gained 10,300 jobs at 0.24% in July 2014, compared to a revised 7,800 job gain last month. Meanwhile, Downstate has an unchanged employment level, compared to a revised 800 job loss in June 2014. In terms of the 12-month aggregated account, Metro registered a positive 0.76 % growth by adding 40,400 jobs whereas Rural shed 4,800 jobs at -0.99 %. Chicago added 43,500 jobs at 1.05% whereas Downstate lost 7,900 jobs at -0.49%. Through July 2014, the cumulative job growth for Metro, Rural, Chicago and Downstate compared to January 1990 stood at 11.57%, 0.36%, 12.01% and 6.95% respectively. Illinois Metro added 9,500 jobs at 0.18% in July of 2014. Four 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 10.67% which is the highest among all the IL MSAs; Champaign-Urbana-Rantoul has experienced the lowest average growth rate, -3.81%. In terms of growth performance, six MSAs posted a net improvement from June to July and three declined in terms of rank. Peoria dropped to the last place in terms of monthly growth performance, while Bloomington-Normal climbed up to the first place. Over the last 12-month period, Champaign-Urbana-Rantoul climbed to the first place while Peoria dropped to the last place. Illinois Jobs Index: MSA REPORT release 8/29/2014 www.real.illinois.edu page 1 Total non-farm Employment growth Jan 1990 – July 2014 130.00 125.00 120.00 115.00 110.00 105.00 100.00 95.00 US (1) RMW (2) IL (3) 90.00 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 Average Growth Rates for Illinois, RMW and the Nation 2010(%) 0.08 0.09 0.07 Illinois RMW Nation 2011(%) 0.08 0.13 0.13 2012(%) 0.12 0.12 0.14 2013(%) 0.07 0.12 0.14 2014(%) -0.01 0.09 0.17 Talking Points State, Downstate & Metro While the average growth for Illinois between 1990 and 2008 was 0.04%, the average from December 2007 to July 2014 was -0.01%. 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 -0.07%. The same rate for Chicago (Upstate) is -0.02% and for Downstate is -0.07%. Over the last 12-month period, the average growth rate for Metro was 0.06% and for Rural it was -0.07%. Downstate registered a -0.22% 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. 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 July 2014 Number of Jobs 88,900 107,300 4,208,900 183,100 51,100 43,300 176,200 147,100 111,200 227,900 June 2014 – July 2014 Growth compared to Illinois + + + - Last 12 months Growth Rate % Number Of Jobs Growth Rate % Number of Jobs 1.10 0.51 0.24 0.05 -0.04 -0.37 -0.71 -0.15 -0.32 -0.18 0.18 1,000 500 10,300 100 -20 -200 -1,300 -200 -400 -400 10,300 -0.66 1.98 1.05 0.27 -0.50 -0.61 -1.55 0.21 -0.04 -0.99 0.61 -600 2,100 43,500 500 -300 -300 -2,800 300 -50 -2,300 35,600 release 8/29/2014 www.real.illinois.edu page 2 MSA League Tables*: Non-farm Employment Growth Rate Monthly growth: Rank June 2014 July 2014 Rank Change** 1 Champaign-Urbana-Rantoul(0.69%) Bloomington-Normal(1.1%) 1 (+1) 2 Bloomington-Normal(0.23%) Champaign-Urbana-Rantoul(0.51%) 2 (-1) 3 Springfield (0.21%) Chicago(0.24%) 3 (+1) 4 Chicago(0.17%) Davenport-Rock Island-Moline(0.05%) 4 (+2) 5 Decatur(0.12%) Decatur(-0.04%) 5 (+0) 6 Davenport-Rock Island-Moline(0.1%) Metro-East(-0.14%) 6 (+2) 7 Peoria(-0.18%) Rockford (-0.15%) 7 (+2) 8 Metro-East(-0.19%) Springfield (-0.32%) 8 (-5) 9 Rockford (-0.23%) Kankakee(-0.37%) 9 (+1) 10 Kankakee(-0.68%) Peoria(-0.71%) 10 (-3) Growth over last 12-months: Rank June 2014 July 2014 Rank Change** 1 Springfield (1.4%) Champaign-Urbana-Rantoul (1.98%) 1 (+1) 2 Champaign-Urbana-Rantoul (1.09%) Chicago (1.05%) 2 (+1) 3 Chicago (0.76%) Davenport-Rock Island-Moline (0.27%) 3 (+3) 4 Kankakee (0.33%) Rockford (0.21%) 4 (+1) 5 Rockford (0.09%) Springfield (-0.04%) 5 (-4) 6 Davenport-Rock Island-Moline (-0.03%) Decatur (-0.5%) 6 (+3) 7 Metro-East (-0.6%) Kankakee (-0.61%) 7 (-3) 8 Peoria (-1.41%) Bloomington-Normal (-0.66%) 8 (+2) 9 Decatur (-1.54%) Metro-East (-0.91%) 9 (-2) 10 Bloomington-Normal (-1.83%) Peoria (-1.55%) 10 (-2) Talking Points MSA League Tables Springfield (3rd to 8th) experienced the deepest fall this month. Champaign-Urbana-Rantoul (1st to 2nd) and Peoria (7th to 10th) also dropped in terms of rank from last month. The most remarkable upward moves in July were recorded for Davenport-Rock Island-Moline (6th to 4th), Metro-East (8th to 6th) and Rockford (9th to 7th). Bloomington-Normal (2nd to 1st), Chicago (4th to 3rd) and Kankakee (10th to 9th) also gained in terms of rank from last month. In the 12 months growth league table, upward moves were recorded for Champaign-Urbana-Rantoul (2nd to 1st), Chicago (3rd to 2nd), Davenport-Rock Island-Moline (6th to 3rd), Rockford (5th to 4th), Decatur (9th to 6th) and Bloomington-Normal (10th to 8th) . Downward moves were recorded for Springfield (1st to 5th), Kankakee (4th to 7th), Metro-East (7th to 9th) and Peoria (8th to 10th). In the 12 months growth league table, Peoria dropped to the last place and 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 8/29/2014 www.real.illinois.edu page 3 July 2014 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 2.23 4.28 13.3 0.69 12.39 16.97 10.09 10.93 (2.5%) (4.8%) (15%) (0.8%) (13.9%) (19.1%) (11.4%) (12.3%) 3.1 7.83 16.95 2.55 4.46 8.2 14.18 11.58 Champaign-Urbana (2.9%) (7.3%) (15.8%) (2.4%) (4.2%) (7.6%) (13.2%) (10.8%) 138.65 371.11 845.35 77.83 279.64 762.43 637.67 395.61 Chicago (3.3%) (8.8%) (20.1%) (1.8%) (6.6%) (18.1%) (15.2%) (9.4%) 8.09 24.08 39.52 2.5 8.06 24.06 25.76 18.77 Davenport-Rock Island-Moline (4.4%) (13.2%) (21.6%) (1.4%) (4.4%) (13.1%) (14.1%) (10.3%) 3.63 9.87 10.75 0.59 1.87 3.15 8.23 4.96 Decatur (7.1%) (19.3%) (21.1%) (1.2%) (3.7%) (6.2%) (16.1%) (9.7%) 8.09 24.08 39.52 2.5 8.06 24.06 25.76 18.77 Kankakee (4.4%) (13.2%) (21.6%) (1.4%) (4.4%) (13.1%) (14.1%) (10.3%) 3.63 9.87 10.75 0.59 1.87 3.15 8.23 4.96 Peoria (7.1%) (19.3%) (21.1%) (1.2%) (3.7%) (6.2%) (16.1%) (9.7%) 1.27 5.61 9.94 0.5 2.06 3.05 8.71 3.81 Rockford (2.9%) (13%) (23%) (1.2%) (4.8%) (7.1%) (20.1%) (8.8%) 7.5 26.28 32.33 2.17 7.37 20.63 33.23 17.82 Springfield (4.3%) (14.9%) (18.3%) (1.2%) (4.2%) (11.7%) (18.9%) (10.1%) 201.31 572.3 1167.48 96.33 369.77 900.85 881.97 544.67 IL (3.5%) (9.9%) (20.1%) (1.7%) (6.4%) (15.5%) (15.2%) (9.4%) * The Illinois Department of Employment Security does not collect sector employment data for Metro-East Government (GOV) 3.52 (4%) 3.57 (3.3%) 179.73 (4.3%) 7.21 (3.9%) 2.28 (4.5%) 7.21 (3.9%) 2.28 (4.5%) 1.7 (3.9%) 8.03 (4.6%) 253.62 (4.4%) 14.15 (15.9%) 34.92 (32.5%) 517.33 (12.3%) 25.06 (13.7%) 5.5 (10.8%) 25.06 (13.7%) 5.5 (10.8%) 6.61 (15.3%) 20.73 (11.8%) 832.62 (14.4%) Total non-farm Employment growth rate Jan 1990 – July 2014 150.00 IL(1) Bloomington-Normal (2) Champaign-Urbana-Rantoul (3) 140.00 Chicago (4) Davenport-Rock Island-Moline (5) Decatur (6) Kankakee (7) Peoria (8) 130.00 Rockford (9) Springfield (10) 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 8/29/2014 www.real.illinois.edu page 4 Employment Forecast for MSAs MSAs July 2014* July 2015 (p)* 88,900 BloomingtonNormal Champaign-UrbanaRantoul Sector with Lowest Growth Rate (p) Sector with Highest Growth Rate (p) Number of Jobs * Growth Rate % Growth 87,700 -1,200 ~ -800 -1.31%~ -0.92% - LEI (1.40%) 107,300 106,800 -500~0 -0.42%~ -0.02% - EDU (2.01%) MAN (-4.36%) INF (-7.50%) Chicago 4,208,900 4,230,500 21,600~47,000 0.51%~1.12% + CON (5.36%) OTH (-1.10%) Davenport-Rock Island-Moline 183,100 183,300 200~ 800 0.10%~ 0.46% + PRO (2.88%) INF (-2.86%) Decatur 51,100 50,600 -500~-400 -0.89%~-0.76% - PRO (2.72%) INF (-3.59%) Kankakee 43,300 43,200 -100~0 -0.24%~ 0.06% - EDU (1.70%) TTU (-2.50%) Peoria 176,200 175,500 -700~-500 -0.20 %~ -0.10% - TTU (1.57%) FIN (-3.30%) Rockford 147,100 147,500 400~5000 0.26%~0.34% + PRO (2.04%) INF (-7.77%) Springfield 111,200 111,600 400~600 0.34%~ 0.51% + PRO (10.43%) INF (-11.78%) *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 8/29/2014 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 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 8/29/2014 www.real.illinois.edu page 6