Illinois Job Index: MSA Report Release data Issue May 29/2014 Jan 1990 / April 2014 14.05 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 2011 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 May 2014 Nation Rest of Midwest (RMW) Illinois Illinois Metro Illinois non-Metro (Rural) Illinois Chicago (Upstate) Illinois non-Chicago April 2014 Number of Jobs 138,252,000 19,549,800 5,808,400 5,318,800 489,600 4,181,800 1,626,600 Mar 2014 – Apr 2014 Growth Rate (%) 0.21 0.20 -0.12 -0.03 -1.01 -0.01 -0.38 Number of Jobs 288,000 39,700 -6,800 -1,800 -5,000 -600 -6,200 Last 12 months Growth Rate (%) 1.74 1.27 0.51 0.62 -0.70 0.89 -0.46 Number of Jobs 2,367,000 244,500 29,300 32,700 -3,400 36,900 -7,600 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 6,800 jobs in April 2014, compared with a job loss of 3,700 in March 2014. Compared to April 2013, Illinois has added 29,300 jobs. The three-month moving average of jobs, a more stable measure of the labor market, was down by 800 jobs per month. Illinois has lost 179,500 jobs since the economic crisis developed in December 2007. Since January 2010 when Illinois employment resumed after the national recession, Illinois has added 223,500 new jobs. The major geographic divisions, Chicago-Downstate and Metro-Rural both had negative performance. Illinois Rural area shed 5,000 jobs at -1.01% this month, compared to a revised 2,000 job gain in March 2014. At the same time, Metro shed 1,800 jobs at -0.03% this month, compared to a revised 5,700 job loss in the previous month. Chicago shed 600 jobs at -0.01% in April 2014, compared to a revised 3,200 job loss last month. Meanwhile, Downstate shed 6,200 jobs at -0.38%, compared to a revised 500 job loss in March 2014. In terms of the 12-month aggregated account, Metro registered a positive 0.62 % growth by adding 32,700 jobs whereas Rural shed 3,400 jobs at -0.70%. Chicago added 36,900 jobs at 0.89% whereas Downstate lost 7,600 jobs at -0.46%. Through April 2014, the cumulative job growth for Metro, Rural, Chicago and Downstate compared to January 1990 stood at 11.03%, 2.48%, 11.29% and 7.67% respectively. Illinois Metro lost 1,800 jobs at -0.03% in April of 2014. Two 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 10.04% which is the highest among all the IL MSAs; Bloomington-Normal has experienced the lowest average growth rate, -6.67%. In terms of growth performance, five MSAs posted a net improvement from March to April and five declined in terms of rank. Bloomington-Normal dropped to the last place in terms of monthly growth performance, while Davenport-Rock Island-Moline climbed up to the first place. Over the last 12-month period, Springfield climbed to the first place while Bloomington-Normal remained in the last place. Illinois Jobs Index: MSA REPORT release 5/29/2014 www.real.illinois.edu page 1 Total non-farm Employment growth Jan 1990 – Apr 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(%) -0.09 0.06 0.16 Talking Points State, Downstate & Metro While the average growth for Illinois between 1990 and 2008 was 0.04%, the average from December 2007 to April 2014 was -0.04%. 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 -0.04% while for Rural it is -0.05%. The same rate for Chicago (Upstate) is -0.03% and for Downstate is -0.06%. Over the last 12-month period, the average growth rate for Metro was 0.05% and for Rural it was -0.04%. Downstate registered a -0.19% 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 Apr 2014 Number of Jobs 87,300 106,900 4,181,800 182,900 51,100 43,700 178,000 146,700 111,200 229,000 Mar 2014 – Apr 2014 Growth compared to Illinois + + + + - Last 12 months Growth Rate % Number Of Jobs Growth Rate % Number of Jobs -0.61 -0.13 -0.01 0.42 -0.20 -0.20 -0.41 -0.24 0.39 -0.19 -0.12 -500 -100 -600 800 -100 -100 -700 -400 400 -400 -6,800 -2.83 1.19 0.89 0.00 -1.13 0.78 -1.64 -0.08 1.84 -0.67 0.51 -2,500 1,300 36,900 10 -600 300 -3,000 -100 2,000 -1,500 29,300 release 5/29/2014 www.real.illinois.edu page 2 MSA League Tables*: Non-farm Employment Growth Rate Monthly growth: Rank Mar 2014 Apr 2014 Rank Change** 1 Kankakee(0.44%) Davenport-Rock Island-Moline(0.42%) 1 (+9) 2 Champaign-Urbana-Rantoul(0.31%) Springfield (0.39%) 2 (+4) 3 Peoria(0%) Chicago(-0.01%) 3 (+2) 4 Rockford (-0.05%) Champaign-Urbana-Rantoul(-0.13%) 4 (-2) 5 Chicago(-0.08%) Metro-East(-0.19%) 5 (+3) 6 Springfield (-0.09%) Kankakee(-0.2%) 6 (-5) 7 Bloomington-Normal(-0.18%) Decatur(-0.2%) 7 (+2) 8 Metro-East (-0.25%) Rockford (-0.24%) 8 (-4) 9 Decatur(-0.36%) Peoria(-0.41%) 9 (-6) 10 Davenport-Rock Island-Moline(-0.36%) Bloomington-Normal(-0.61%) 10 (-3) Growth over last 12-months: Rank Mar 2014 Apr 2014 Rank Change** 1 Champaign-Urbana-Rantoul (1.79%) Springfield (1.84%) 1 (+3) 2 Kankakee (0.88%) Champaign-Urbana-Rantoul (1.19%) 2 (-1) 3 Chicago (0.75%) Chicago (0.89%) 3 (+0) 4 Springfield (0.37%) Kankakee (0.78%) 4 (-2) 5 Metro-East (-0.17%) Davenport-Rock Island-Moline (0%) 5 (+2) 6 Rockford (-0.27%) Rockford (-0.08%) 6 (+0) 7 Davenport-Rock Island-Moline (-1.17%) Metro-East (-0.67%) 7 (-2) 8 Peoria (-1.31%) Decatur (-1.13%) 8 (+1) 9 Decatur (-1.58%) Peoria (-1.64%) 9 (-1) 10 Bloomington-Normal (-2.01%) Bloomington-Normal (-2.83%) 10 (+0) Talking Points MSA League Tables Peoria (3rd to 9th) experienced the deepest fall this month. Champaign-Urbana-Rantoul (2nd to 4th), Kankakee (1st to 6th), Rockford (4th to 8th) and BloomingtonNormal (7th to 10th) also dropped in terms of rank from last month. The most remarkable upward moves in April were recorded for Davenport-Rock Island-Moline (10th to 1st). Springfield (6th to 2nd), Chicago (5th to 3rd), Metro-East (8th to 5th) and Decatur (9th to 7th) also gained in terms of rank from last month. In the 12 months growth league table, upward moves were recorded for Springfield (4th to 1st), DavenportRock Island-Moline (7th to 5th) and Decatur (9th to 8th). Downward moves were recorded for Champaign-Urbana-Rantoul (1st to 2nd), Kankakee (2nd to 4th), Metro-East (5th to 7th) and Peoria (8th to 9th). Chicago, Rockford and Bloomington-Normal remained in the same place. In the 12 months growth league table, Bloomington-Normal remained in the last place and Springfield 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 5/29/2014 www.real.illinois.edu page 3 April 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 2.26 4.4 13.3 0.7 12.39 16.89 10.12 10.61 (2.6%) (5%) (15.1%) (0.8%) (14.1%) (19.2%) (11.5%) (12.1%) 3.37 7.93 17.01 2.41 4.44 8.55 13.65 11.03 Champaign-Urbana (3.1%) (7.4%) (15.9%) (2.3%) (4.1%) (8%) (12.7%) (10.3%) 131.24 372.48 832.62 78.12 278.74 758.9 636.28 396.03 Chicago (3.1%) (8.9%) (19.9%) (1.9%) (6.7%) (18.1%) (15.2%) (9.5%) 8.22 24.18 39.23 2.5 8.07 23.47 26.58 18.13 Davenport-Rock Island-Moline (4.5%) (13.2%) (21.4%) (1.4%) (4.4%) (12.8%) (14.5%) (9.9%) 3.39 10.64 10.81 0.6 1.88 3.27 8.19 5.12 Decatur (6.5%) (20.5%) (20.8%) (1.1%) (3.6%) (6.3%) (15.8%) (9.8%) 8.05 24.41 39.4 2.5 7.96 22.68 26.16 18.81 Kankakee (4.4%) (13.4%) (21.6%) (1.4%) (4.4%) (12.5%) (14.4%) (10.3%) 3.52 10 10.84 0.6 1.93 3.19 8.1 5.16 Peoria (6.9%) (19.5%) (21.2%) (1.2%) (3.8%) (6.2%) (15.8%) (10.1%) 1.28 5.48 9.94 0.5 2.03 2.97 9.13 3.92 Rockford (2.9%) (12.5%) (22.7%) (1.1%) (4.6%) (6.8%) (20.8%) (8.9%) 7.53 27 32.85 2.22 7.35 20.83 33.83 17.89 Springfield (4.2%) (15.1%) (18.4%) (1.2%) (4.1%) (11.7%) (18.9%) (10%) 189.48 574.38 1152.55 98.47 369.14 902.19 880.22 549.14 IL (3.3%) (9.9%) (19.9%) (1.7%) (6.4%) (15.6%) (15.2%) (9.5%) * The Illinois Department of Employment Security does not collect sector employment data for Metro-East 3.53 (4%) 3.38 (3.2%) 179.28 (4.3%) 7.31 (4%) 2.3 (4.4%) 7.37 (4%) 2.32 (4.5%) 1.7 (3.9%) 7.97 (4.5%) 252.66 (4.4%) Government (GOV) 13.69 (15.6%) 35.27 (33%) 517.21 (12.4%) 25.62 (14%) 5.68 (10.9%) 25.01 (13.7%) 5.52 (10.8%) 6.89 (15.7%) 21.1 (11.8%) 831.8 (14.3%) Total non-farm Employment growth rate Jan 1990 – Apr 2014 150.00 140.00 130.00 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) 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 5/29/2014 www.real.illinois.edu page 4 Employment Forecast for MSAs MSAs Apr 2014* Apr 2015 (p)* 87,300 BloomingtonNormal Champaign-UrbanaRantoul Sector with Lowest Growth Rate (p) Sector with Highest Growth Rate (p) Number of Jobs * Growth Rate % Growth 85,500 -1,800 ~ -1,500 -2.05%~ -1.68% - LEI (0.38%) 106,900 107,100 200~300 0.15%~ 0.29% + PRO (1.95%) MAN (-4.97%) INF (-7.69%) Chicago 4,181,800 4,210,300 28,400~32,200 0.68%~0.77% + EDU (2.38%) MAN (-2.72%) Davenport-Rock Island-Moline 182,900 183,900 1,000~ 1,800 0.55%~ 1.00% + PRO (2.25%) INF (-2.69%) Decatur 51,100 51,400 300~600 0.59%~1.08% + PRO (4.80%) INF (-3.67%) Kankakee 43,700 43,900 200~300 0.41%~ 0.75% + PRO (4.31%) CON (-1.79%) Peoria 178,000 177,400 -600~600 -0.36 %~ 0.34% - PRO (1.42%) FIN (-3.13%) Rockford 146,700 146,300 -400~-100 -0.30%~-0.08% - PRO (2.14%) INF (-9.16%) Springfield 111,200 111,300 50~200 0.04%~ 0.21% + LEI (0.67%) INF (-9.86%) *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 5/29/2014 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) 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 30000 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) 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 5/29/2014 www.real.illinois.edu page 6