Illinois Job Index: MSA Report Release data Issue Apr 29/2014 Jan 1990 / March 2014 14.04 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. Apr 2014 Total non-farm employment March 2014 Number of Jobs Nation Rest of Midwest (RMW) Illinois Illinois Metro Illinois non-Metro (Rural) Illinois Chicago (Upstate) Illinois non-Chicago 137,964,000 19,509,100 5,814,900 5,318,900 496,000 4,181,900 1,633,100 Feb 2014 – Mar 2014 Growth Rate (%) 0.15 0.07 -0.06 -0.12 0.67 -0.08 0.02 Number of Jobs 203,000 13,500 -3,200 -6,500 3,300 -3,500 300 Last 12 months Growth Rate (%) 1.68 1.14 0.51 0.46 1.03 0.75 -0.12 Number of Jobs 2,282,000 219,200 29,400 24,300 5,100 31,300 -1,900 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 lost 3,200 jobs in March 2014, compared with a job gain of 8,300 in February 2014. Compared to March 2013, Illinois has added 29,400 jobs. The three-month moving average of jobs, a more stable measure of the labor market, was down by 4,300 jobs per month. Illinois has lost 173,000 jobs since the economic crisis developed in December 2007. Since January 2010 when Illinois employment resumed after the national recession, Illinois has added 230,000 new jobs. The major geographic divisions, Chicago-Downstate and Metro-Rural had mixed performance. Illinois Rural area added 3,300 jobs at 0.67% this month, compared to a revised 11,800 job gain in February 2014. At the same time, Metro shed 6,500 jobs at -0.12% this month, compared to a revised 3,500 job loss in the previous month. Chicago shed 3,500 jobs at -0.08% in March 2014, compared to a revised 3,800 job loss last month. Meanwhile, Downstate added 300 jobs at 0.02%, compared to a revised 12,100 job gain in February 2014. In terms of the 12-month aggregated account, Metro registered a positive 0.46 % growth by adding 24,300 jobs whereas Rural added 5,100 jobs at 1.03%. Chicago added 31,300 jobs at 0.75% whereas Downstate lost 1,900 jobs at -0.12%. Through March 2014, the cumulative job growth for Metro, Rural, Chicago and Downstate compared to January 1990 stood at 11.03%, 3.81%, 11.29% and 8.11% respectively. Illinois Metro lost 6,500 jobs at -0.12% in March 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 10.23% which is the highest among all the IL MSAs; Bloomington-Normal has experienced the lowest average growth rate, -5.05%. In terms of growth performance, six MSAs posted a net improvement from February to March and three declined in terms of rank. Davenport-Rock Island-Moline dropped to the last place in terms of monthly growth performance, while Kankakee climbed up to the first place. Over the last 12-month period, Champaign-Urbana-Rantoul remained in the first place while BloomingtonNormal remained in the last place. Illinois Jobs Index: MSA REPORT release 4/29/2014 www.real.illinois.edu page 1 Total non-farm Employment growth Jan 1990 – Mar 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(%) -0.07 0.01 0.14 Talking Points State, Downstate & Metro While the average growth for Illinois between 1990 and 2008 was 0.04%, the average from December 2007 to March 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 -0.03%. 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 0.04% and for Rural it was 0.02%. Downstate registered a -0.11% 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 Mar 2014 Number of Jobs 88,100 107,200 4,181,800 181,900 51,100 43,900 179,000 147,100 110,900 229,300 Feb 2014 – Mar 2014 Growth compared to Illinois + + + + - Last 12 months Growth Rate % Number Of Jobs Growth Rate % Number of Jobs -0.18 0.31 -0.08 -0.36 -0.36 0.44 0.00 -0.05 -0.09 -0.31 -0.06 -200 300 -3,500 -700 -200 200 -10 -70 -100 -700 -3200 -2.01 1.79 0.75 -1.17 -1.58 0.88 -1.31 -0.27 0.37 -0.18 0.51 -1,800 1,900 31,300 -2,200 -800 400 -2,400 -400 400 -400 29,400 release 4/29/2014 www.real.illinois.edu page 2 MSA League Tables*: Non-farm Employment Growth Rate Monthly growth: Rank Feb 2014 Mar 2014 Rank Change** 1 Metro-East(0.55%) Kankakee(0.44%) 1 (+9) 2 Peoria(0.27%) Champaign-Urbana-Rantoul(0.31%) 2 (+2) 3 Davenport-Rock Island-Moline(0.08%) Peoria(0%) 3 (-1) 4 Champaign-Urbana-Rantoul(0.03%) Rockford (-0.05%) 4 (+1) 5 Rockford (-0.03%) Chicago(-0.08%) 5 (+1) 6 Chicago(-0.1%) Springfield (-0.09%) 6 (+1) 7 Springfield (-0.17%) Bloomington-Normal(-0.18%) 7 (+1) 8 Bloomington-Normal(-0.52%) Metro-East (-0.25%) 8 (-7) 9 Decatur(-0.56%) Decatur(-0.36%) 9 (+0) 10 Kankakee(-0.96%) Davenport-Rock Island-Moline(-0.36%) 9 (-7) Growth over last 12-months: Rank Feb 2014 Mar 2014 Rank Change** 1 Champaign-Urbana-Rantoul (1.68%) Champaign-Urbana-Rantoul (1.79%) 1 (+0) 2 Chicago (0.95%) Kankakee (0.88%) 2 (+2) 3 Springfield (0.01%) Chicago (0.75%) 3 (-1) 4 Kankakee (0.00%) Springfield (0.37%) 4 (-1) 5 Metro-East (-0.10%) Metro-East (-0.17%) 5 (+0) 6 Rockford (-0.45%) Rockford (-0.27%) 6 (+0) 7 Davenport-Rock Island-Moline (-1.04%) Davenport-Rock Island-Moline (-1.17%) 7 (+0) 8 Decatur (-1.14%) Peoria (-1.31%) 8 (+1) 9 Peoria (-1.9%) Decatur (-1.58%) 9 (-1) 10 Bloomington-Normal (-2.12%) Bloomington-Normal (-2.01%) 10 (+0) Talking Points MSA League Tables Metro-East (1st to 8th) experienced the deepest fall this month. Peoria (2nd to 3rd) and Davenport-Rock Island-Moline (3rd to 9th) also dropped in terms of rank from last month. The most remarkable upward moves in March were recorded for Kankakee (10th to 1st). Champaign-Urbana-Rantoul (4th to 2nd), Rockford (5th to 4th), Chicago (6th to 5th), Springfield (7th to 6th), and Bloomington-Normal (8th to 7th) also gained in terms of rank from last month. In the 12 months growth league table, upward moves were recorded for Kankakee (4th to 2nd) and Peoria (9th to 8th). Downward moves were recorded for Chicago (2nd to 3rd), Springfield (3th to 4th) and Decatur (8th to 9th) in the 12-month league table. Champaign-Urbana-Rantoul, Davenport-Rock Island-Moline, Metro-East and Bloomington-Normal remained in the same place. In the 12 months growth league table, Bloomington-Normal is at the last place and Champaign-UrbanaRantoul 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 4/29/2014 www.real.illinois.edu page 3 March 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 2.24 4.41 13.31 0.7 12.42 17.1 10.11 10.61 (2.5%) (5%) (15.1%) (0.8%) (14.1%) (19.4%) (11.5%) (12%) 3.38 7.93 17.02 2.41 4.44 8.65 13.62 11.03 Champaign-Urbana (3.2%) (7.4%) (15.9%) (2.2%) (4.1%) (8.1%) (12.7%) (10.3%) 131.2 372.29 833.79 78.08 279.53 757.17 636.3 396.44 Chicago (3.1%) (8.9%) (19.9%) (1.9%) (6.7%) (18.1%) (15.2%) (9.5%) 0.79 4.73 7.24 0.21 1.5 1.82 2.73 2.24 Davenport-Rock Island-Moline (2.8%) (16.6%) (25.4%) (0.7%) (5.3%) (6.4%) (9.6%) (7.8%) 8.14 23.54 39.59 2.5 7.97 22.93 26.16 18.83 Decatur (4.5%) (12.9%) (21.8%) (1.4%) (4.4%) (12.6%) (14.4%) (10.4%) 3.53 10.01 10.85 0.61 1.93 3.1 8.09 5.17 Kankakee (6.9%) (19.6%) (21.2%) (1.2%) (3.8%) (6.1%) (15.8%) (10.1%) 1.28 5.49 9.94 0.5 2.03 3.07 9.12 3.92 Peoria (2.9%) (12.5%) (22.6%) (1.1%) (4.6%) (7%) (20.8%) (8.9%) 7.53 27.03 32.88 2.22 7.35 20.98 33.94 17.96 Rockford (4.2%) (15.1%) (18.4%) (1.2%) (4.1%) (11.7%) (19%) (10%) 4.09 31.41 27.15 1.29 5.47 15.62 23.38 13.2 Springfield (2.8%) (21.4%) (18.5%) (0.9%) (3.7%) (10.6%) (15.9%) (9%) 189.21 573.58 1153.85 98.5 369.64 901.25 879.84 550.24 IL (3.3%) (9.9%) (19.9%) (1.7%) (6.4%) (15.5%) (15.2%) (9.5%) * The Illinois Department of Employment Security does not collect sector employment data for Metro-East 3.54 (4%) 3.38 (3.2%) 179.29 (4.3%) 1.2 (4.2%) 7.37 (4.1%) 2.32 (4.5%) 1.7 (3.9%) 7.97 (4.5%) 9.13 (6.2%) 252.74 (4.4%) Government (GOV) 13.69 (15.5%) 35.35 (33%) 517.56 (12.4%) 6.07 (21.3%) 25.02 (13.8%) 5.52 (10.8%) 6.89 (15.7%) 21.09 (11.8%) 16.33 (11.1%) 831.94 (14.3%) Total non-farm Employment growth rate Jan 1990 – Mar 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 4/29/2014 www.real.illinois.edu page 4 Employment Forecast for MSAs MSAs Mar 2014* Mar 2015 (p)* 88,100 BloomingtonNormal Champaign-UrbanaRantoul Sector with Lowest Growth Rate (p) Sector with Highest Growth Rate (p) Number of Jobs * Growth Rate % Growth 86,800 -1,300 ~ -1,200 -1.45%~ -1.39% - LEI (0.55%) 107,200 107,500 300~500 0.30%~ 0.44% + PRO (2.72%) MAN (-4.76%) INF (-7.46%) Chicago 4,181,800 4,209,300 27,500~38,000 0.66%~0.93% + EDU (2.28%) MAN (-1.20%) Davenport-Rock Island-Moline 181,900 181,300 -600~ -30 -0.32%~ -0.01% - EDU (1.40%) INF (-3.39%) Decatur 51,100 51,500 300~500 0.61%~1.03% + PRO (3.22%) INF (-4.00%) Kankakee 43,900 44,300 400~450 0.85%~ 1.02% + PRO (2.28%) CON (-2.19%) Peoria 179,000 180,500 1,600~1,900 0.87 %~ 1.07% + TTU (2.72%) INF (-2.38%) Rockford 147,100 147,100 0~100 -0.02%~0.07% - PRO (2.52%) INF (-8.50%) Springfield 110,900 111,300 400~500 0.36%~ 0.48% + PRO (4.69%) INF (-5.88%) *Total Non-Farm Jobs Number of Jobs (in thousands) 95000 Total Non-farm Employment Forecast Bloomington (BN) Number of Jobs (in thousands) Total Non-farm Employment Forecast Champaign-Urbana-Rantoul (CU) 120000 90000 115000 85000 110000 80000 105000 75000 100000 70000 95000 65000 90000 60000 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 85000 2014 1990 Year Number of Jobs (in thousands) 4400000 1992 1994 Number of Jobs (in thousands) 195000 Total Non-farm Employment Forecast Chicago (CHI) 1996 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 4/29/2014 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 4/29/2014 www.real.illinois.edu page 6