Illinois Job Index: MSA Report

advertisement
Illinois Job Index:
MSA Report
Release
data
Issue
Mar 29/2014
Jan 1990 / February 2014
16.16
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
Mar
2014
Nation
Rest of Midwest (RMW)
Illinois
Illinois Metro
Illinois non-Metro (Rural)
Illinois Chicago (Upstate)
Illinois non-Chicago
February 2014
Number of
Jobs
137,699,000
19,501,100
5,816,200
5,326,600
489,600
4,186,200
1,630,000
Jan 2014 – Feb 2014
Growth
Rate
(%)
0.13
0.02
0.11
-0.07
2.12
-0.10
0.66
Number
of Jobs
175,000
4,300
6,400
-3,800
10,200
-4,300
10,700
Last 12 months
Growth
Rate
(%)
1.59
1.03
0.46
0.61
-1.18
0.95
-0.78
Number
of Jobs
2,158,000
198,900
26,500
32,400
-5,900
39,400
-12,900
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 6,400 jobs in February 2014, compared with a job loss of 18,000 in January 2014. Compared to February
2013, Illinois has added 26,500 jobs. The three-month moving average of jobs, a more stable measure of the labor
market, was down by 3,000 jobs per month.
Illinois has lost 178,300 jobs since the economic crisis developed in December 2007.
Since January 2010 when Illinois employment resumed after the national recession, Illinois has added 231,800 new jobs.
The major geographic divisions, Chicago-Downstate had positive performance while Metro-Rural had mixed
performance.
Illinois Rural area added 10,200 jobs at 2.12% this month, compared to a revised 20,900 job loss in January 2014.
At the same time, Metro shed 3,800 jobs at -0.07% this month, compared to a revised 2,900 job gain in the
previous month.
Chicago shed 4,300 jobs at -0.10% in February 2014, compared to a revised 1,100 job gain last month.
Meanwhile, Downstate added 10,700 jobs at 0.66%, compared to a revised 19,100 job loss in January 2014.
In terms of the 12-month aggregated account, Metro registered a positive 0.61 % growth by adding 32,400 jobs
whereas Rural shed 5,900 jobs at -1.18%. Chicago added 39,400 jobs at 0.95% whereas Downstate lost 12,900
jobs at -0.78%.
Through February 2014, the cumulative job growth for Metro, Rural, Chicago and Downstate compared to
January 1990 stood at 11.19%, 2.47%, 11.40% and 7.91% respectively.
Illinois Metro lost 3,800 jobs at -0.07% in February 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
10.65% which is the highest among all the IL MSAs; Champaign-Urbana-Rantoul has experienced the lowest
average growth rate, -5.16%.
In terms of growth performance, four MSAs posted a net improvement from January to February and five
declined in terms of rank.
Kankakee dropped to the last place in terms of monthly growth performance, while Metro-East climbed up to the
first place.
Over the last 12-month period, Champaign-Urbana-Rantoul climbed to the first place while Bloomington-Normal
remained at the last place.
Illinois Jobs Index: MSA REPORT
release 3/29/2014
www.real.illinois.edu
page 1
Total non-farm Employment growth Jan 1990 – Feb 2014
130.0
125.0
120.0
115.0
110.0
105.0
100.0
95.0
US (1)
RMW (2)
IL (3)
90.0
IL_NonChicago (4)
Metro (5)
Rural (6)
85.0
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(%)
-0.10
-0.01
0.11
Talking Points

State,
Downstate
& Metro



While the average growth for Illinois between 1990 and 2008 was 0.04%, the average from December 2007 to
February 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 also -0.06%.
Over the last 12-month period, the average growth rate for Metro was 0.05% and for Rural it was -0.08%.
Downstate registered a -0.25% 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
Feb 2014
Number of
Jobs
88,500
107,200
4,186,200
182,600
51,400
43,700
178,700
147,300
111,100
230,000
Jan 2014 – Feb 2014
Growth
compared
to Illinois
+
+
Last 12 months
Growth
Rate %
Number
Of Jobs
Growth
Rate %
Number
of Jobs
-0.52
0.03
-0.10
0.08
-0.56
-0.96
0.27
-0.03
-0.17
0.55
0.11
-500
30
-4,300
100
-300
-400
500
-50
-200
1,300
6,400
-2.12
1.68
0.95
-1.04
-1.14
0.00
-1.90
-0.45
0.01
-0.10
0.46
-1,900
1,800
39,400
-1,900
-600
0
-3,500
-700
10
-200
26,500
release 3/29/2014
www.real.illinois.edu
page 2
MSA League Tables*: Non-farm Employment Growth Rate
Monthly growth:
Rank
Jan 2014
Feb 2014
Rank
Change**
1
Kankakee (0.49%)
Metro-East(0.55%)
1
(+6)
2
Decatur (0.29%)
Peoria(0.27%)
2
(+6)
3
Champaign-Urbana-Rantoul (0.27%)
Davenport-Rock Island-Moline(0.08%)
3
(+6)
4
Bloomington-Normal (0.24%)
Champaign-Urbana-Rantoul(0.03%)
4
(-1)
5
Rockford (0.15%)
Rockford (-0.03%)
5
(+0)
6
Springfield (0.11%)
Chicago(-0.1%)
6
(+4)
7
Metro-East (0.1%)
Springfield (-0.17%)
7
(-1)
8
Peoria (0.1%)
Bloomington-Normal(-0.52%)
8
(-4)
9
Davenport-Rock Island-Moline (0.1%)
Decatur(-0.56%)
9
(-7)
10
Chicago (0.03%)
Kankakee(-0.96%)
10
(-9)
Growth over last 12-months:
Rank
Jan 2014
Feb 2014
Rank
Change**
1
Chicago (1.33%)
Champaign-Urbana-Rantoul (1.68%)
1
(+1)
2
Champaign-Urbana-Rantoul (1.26%)
Chicago (0.95%)
2
 (-1)
3
Kankakee (1.06%)
Springfield (0.01%)
3
(+1)
4
Springfield (0.06%)
Kankakee (0.00%)
4
 (-1)
5
Metro-East (-0.02%)
Metro-East (-0.10%)
5
(+0)
6
Rockford (-0.54%)
Rockford (-0.45%)
6
(+0)
7
Decatur (-0.59%)
Davenport-Rock Island-Moline (-1.04%)
7
(+1)
8
Davenport-Rock Island-Moline (-0.94%)
Decatur (-1.14%)
8
 (-1)
9
Peoria (-1.89%)
Peoria (-1.9%)
9
(+0)
10
Bloomington-Normal (-2.74%)
Bloomington-Normal (-2.12%)
10
(+0)
Talking Points



MSA League
Tables





Kankakee (1st to 10th) experienced the deepest fall this month.
Champaign-Urbana-Rantoul (3rd to 4th), Springfield (6th to 7th), Bloomington-Normal (4th to 8th) and
Decatur (2nd to 9th) also dropped in terms of rank from last month.
The most remarkable upward moves in February were recorded for Metro-East (7th to 1st), Peoria (8th to
2nd) and Davenport-Rock Island-Moline (9th to 3rd).
Chicago (10th to 6th) also gained in terms of rank from last month.
In the 12 months growth league table, upward moves were recorded for Champaign-Urbana-Rantoul (2th to
1st), Springfield (4th to 3rd) and Davenport-Rock Island-Moline (8th to 7th).
Downward moves were recorded for Chicago (1st to 2nd), Kankakee (3th to 4th) and Decatur (7th to 8th).
Metro-East, Rockford, Peoria and Bloomington-Normal remained in the same place.
In the 12 months growth league table, Bloomington-Normal is in the last place and Champaign-UrbanaRantoul 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 3/29/2014
www.real.illinois.edu
page 3
February 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
2.27
4.39
13.21
0.7
12.45
17.28
10.15
10.58
(2.6%)
(5%)
(14.9%)
(0.8%)
(14.1%) (19.5%) (11.5%)
(12%)
3.37
7.88
17
2.46
4.34
8.53
13.46
11.11
Champaign-Urbana
(3.1%)
(7.3%)
(15.9%)
(2.3%)
(4.1%)
(8%)
(12.6%) (10.4%)
132.19
372.49
836.79
77.59
279.22
758.26
636.35
395.27
Chicago
(3.2%)
(8.9%)
(20%)
(1.9%)
(6.7%)
(18.1%) (15.2%)
(9.4%)
8.36
23.69
39.64
2.5
7.97
23.12
26.11
19.07
Davenport-Rock
Island-Moline
(4.6%)
(13%)
(21.7%)
(1.4%)
(4.4%)
(12.7%) (14.3%) (10.4%)
3.55
10.07
10.86
0.6
1.93
3.15
8.13
5.27
Decatur
(6.9%)
(19.6%) (21.1%)
(1.2%)
(3.8%)
(6.1%)
(15.8%) (10.3%)
1.24
5.46
9.99
0.5
2.03
2.94
8.9
3.98
Kankakee
(2.8%)
(12.5%) (22.9%)
(1.1%)
(4.6%)
(6.7%)
(20.4%)
(9.1%)
7.56
26.97
33.07
2.22
7.38
21.3
33.18
17.84
Peoria
(4.2%)
(15.1%) (18.5%)
(1.2%)
(4.1%)
(11.9%) (18.6%)
(10%)
4.12
31.2
27.47
1.3
5.43
15.8
23.34
13.2
Rockford
(2.8%)
(21.2%) (18.6%)
(0.9%)
(3.7%)
(10.7%) (15.8%)
(9%)
5.21
3.06
17.31
1.4
7.54
10.35
19.78
10.53
Springfield
(4.7%)
(2.8%)
(15.6%)
(1.3%)
(6.8%)
(9.3%)
(17.8%)
(9.5%)
192.31
573.5
1155.94
97.32
369.02
903.49
880.3
549.47
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
3.55
(4%)
3.37
(3.1%)
178.84
(4.3%)
7.33
(4%)
2.34
(4.5%)
1.71
(3.9%)
8.03
(4.5%)
9.12
(6.2%)
6.47
(5.8%)
253.43
(4.4%)
Government
(GOV)
13.82
(15.6%)
35.49
(33.1%)
517.79
(12.4%)
24.97
(13.7%)
5.52
(10.7%)
6.89
(15.8%)
21.08
(11.8%)
16.31
(11.1%)
29.64
(26.7%)
832.61
(14.4%)
Total non-farm Employment growth rate Jan 1990 – Feb 2014
150.0
140.0
130.0
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)
120.0
110.0
100.0
90.0
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 3/29/2014
www.real.illinois.edu
page 4
Employment Forecast for MSAs
MSAs
Feb 2014*
Feb 2015
(p)*
88,500
BloomingtonNormal
Champaign-UrbanaRantoul
Sector with
Lowest
Growth Rate
(p)
Sector with
Highest
Growth
Rate
(p)
Number of
Jobs *
Growth Rate
%
Growth
87,300
-1,200 ~ -800
-1.35%~ -0.94%
-
LEI (0.93%)
INF (-7.10%)
107,200
107,700
500~1,100
0.43%~ 1.00%
+
EDU (3.27%)
MAN (-4. 47%)
Chicago
4,186,200
4,220,500
34,400~56,000
0.82%~1.34%
+
PRO (2.71%)
TTU (-1.12%)
Davenport-Rock
Island-Moline
182,600
183,100
500~800
0.27%~ 0.42%
+
EDU (2.23%)
INF (-2.77%)
Decatur
51,400
52,100
700~1,100
1.44%~2.21%
+
PRO (5.49%)
INF (-2.50%)
Kankakee
43,700
44,200
500~600
1.07%~ 1.43%
+
PRO (2.22%)
CON (-0.95%)
Peoria
178,700
180,200
1,500~1,800
0.84 %~ 1.01%
+
PRO (3.84%)
INF (-2.72%)
Rockford
147,300
147,500
200~400
0.14%~0.27%
+
PRO (2.59%)
INF (-8.45%)
Springfield
111,100
111,400
300~400
0.29%~ 0.40%
+
PRO (4.21%)
INF (-4.84%)
*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
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 3/29/2014
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 3/29/2014
www.real.illinois.edu
page 6
Download