IllinoisJob Index: MSA Report

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IllinoisJob Index:
MSA Report
Release
data
Issue
Feb 29/2014
Jan 1990 / January 2014
16.15
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.
Feb
2014
Total non-farm employment
January 2014
Number of
Jobs
Nation
Rest of Midwest (RMW)
Illinois
Illinois Metro
Illinois non-Metro (Rural)
Illinois Chicago (Upstate)
Illinois non-Chicago
137,524,000
19,502,800
5,800,200
5,330,400
469,800
4,190,400
1,609,800
Dec 2013 – Jan 2014
Growth
Rate
(%)
0.09
0.00
-0.47
0.05
-6.09
0.03
-1.75
Number
of Jobs
129,000
-800
-27,600
2,900
-30,500
1,100
-28,700
Last 12 months
Growth
Rate
(%)
1.67
1.37
0.37
0.91
-5.31
1.33
-2.03
Number
of Jobs
2,263,000
264,100
21,600
48,000
-26,400
54,900
-33,300
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 shed 27,600 jobs in January 2014, compared with a job gain of 2,700 in December 2013. Compared to January
2013, Illinois has added 21,600 jobs. The three-month moving average of jobs, a more stable measure of the labor
market, was down by 5,600 jobs per month.
Illinois has lost 187,700 jobs since the economic crisis developed in December 2007.
Since January 2010 when Illinois employment resumed after the national recession, Illinois has added 215,300 new jobs.
The major geographic divisions, Chicago-Downstate and Metro-Rural both had a negative performance.
Illinois Rural area shed 30,500 jobs at -6.09% this month, compared to a revised 2,000 job gain in December
2013. At the same time, Metro gained 2,900 jobs at 0.05% this month, compared to a revised 7,500 job gain in
the previous month.
Chicago gained 1,100 jobs at 0.03% in January 2014, compared to a revised 950 job gain last month. Meanwhile,
Downstate shed 28,700 jobs at -1.75%, compared to a revised 1,750 job gain in December 2013.
In terms of the 12-month aggregated account, Metro registered a positive 0.91% growth by adding 48,000 jobs
whereas Rural shed 26,400 jobs at -5.31%. Chicago added 54,900 jobs at 1.33% whereas Downstate lost 33,300
jobs at -2.03%.
Through January 2014, the cumulative job growth for Metro, Rural, Chicago and Downstate compared to January
1990 stood at 11.27%, -1.67%, 11.52% and 6.56% respectively.
Illinois Metro added 2,900 jobs at 0.05% in January of 2014. All ten MSAs posted positive growth.
Since the job recovery resumed in Jan 2010 in Illinois, Chicago Upstate has shown an average growth rate of
11.07% which is the highest among all the IL MSAs; Champaign-Urbana-Rantoul has experienced the lowest
average growth rate, -5.3%.
In terms of growth performance, five MSAs posted a net improvement from December to January and five
declined in terms of rank.
Chicago 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, Chicago remained the first place while Bloomington-Normal remained at the last
place.
Illinois Jobs Index: MSA REPORT
release 2/29/2014
www.real.illinois.edu
page 1
Total non-farm Employment growth Jan 1990 – Jan 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
Talking Points


State,
Downstate
& Metro



While the average growth for Illinois between 1990 and 2008 was 0.04%, the average from December 2007 to
January 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
-0.10%. The same rate for Chicago (Upstate) is -0.03% and for Downstate is also -0.08%.
Over the last 12-month period, the average growth rate for Metro was 0.08% and for Rural it was -0.43 %.
In 2010, Illinois’s performance was better than the RMW and compared favorably to the nation. In 2011,
Illinois has performed as well as the RMW but not as well as the nation. In 2011, the average growth rate for
Illinois and the RMW was 0.05% while for the nation it was 0.12%. In 2012, the average growth rate for
Illinois was 0.10%, 0.09% for the RMW and for 0.14%. for the nation.. In 2013, the average growth rate for
Illinois has been 0.07%, 0.12% for the RMW and 0.14% for the nation. In 2014, the average growth rate for
Illinois has been -0.47%, 0.00% for the RMW and 0.09% for the nation.
Downstate registered a -1.75% 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
Jan 2014
Number of
Jobs
88,900
107,200
4,190,400
182,500
51,700
44,100
178,200
147,400
111,300
228,800
Dec 2013 – Jan 2014
Growth
compared
to Illinois
+
+
+
+
+
+
+
+
+
+
Last 12 months
Growth
Rate %
Number
Of Jobs
Growth
Rate %
Number
of Jobs
0.24
0.27
0.03
0.10
0.29
0.49
0.10
0.15
0.11
0.10
-0.47
200
300
1,100
200
100
200
200
200
100
200
-27600
-2.74
1.26
1.33
-0.94
-0.59
1.06
-1.89
-0.54
0.06
-0.02
0.37
-2,500
1,300
54,900
-1,700
-300
500
-3,400
-800
100
-100
21,600
release 2/29/2014
www.real.illinois.edu
page 2
MSA League Tables*: Non-farm Employment Growth Rate
Monthly growth:
Rank
Dec 2013
Jan 2014
Rank
Change**
1
Decatur(0.27%)
Kankakee (0.49%)
1
(+7)
2
Chicago(0.08%)
Decatur (0.29%)
2
(-1)
3
Peoria (0.03%)
Champaign-Urbana-Rantoul (0.27%)
3
(+7)
4
Metro-East (-0.03%)
Bloomington-Normal (0.24%)
4
(+5)
5
Davenport-Rock Island-Moline (-0.04%)
Rockford (0.15%)
5
(+1)
6
Rockford (-0.17%)
Springfield (0.11%)
6
(+1)
7
Springfield (-0.23%)
Metro-East (0.1%)
7
(-3)
8
Kankakee (-0.47%)
Peoria (0.1%)
8
(-5)
9
Bloomington-Normal (-0.56%)
Davenport-Rock Island-Moline (0.1%)
9
(-4)
10
Champaign-Urbana-Rantoul (-0.92%)
Chicago (0.03%)
10
(-8)
Growth over last 12-months:
Rank
Dec 2013
Jan 2014
Rank
Change**
1
Chicago (1.64%)
Chicago (1.33%)
1
(+0)
2
Springfield (0.77%)
Champaign-Urbana-Rantoul (1.26%)
2
(+5)
3
Davenport-Rock Island-Moline (0.7%)
Kankakee (1.06%)
3
(+2)
4
Rockford (-0.18%)
Springfield (0.06%)
4
 (-2)
5
Kankakee (-0.47%)
Metro-East (-0.02%)
5
(+4)
6
Peoria (-0.67%)
Rockford (-0.54%)
6
 (-2)
7
Champaign-Urbana-Rantoul (-0.88%)
Decatur (-0.59%)
7
(+3)
8
Bloomington-Normal (-1.5%)
Davenport-Rock Island-Moline (-0.94%)
8
 (-5)
9
Metro-East (-1.53%)
Peoria (-1.89%)
9
 (-3)
10
Decatur (-2.03%)
Bloomington-Normal (-2.74%)
10
 (-2)
Talking Points



MSA League
Tables





Chicago (2nd to 10th) experienced the deepest fall this month.
Decatur (1st to 2nd), Metro-East (4th to 7th), Peoria (3th to 8th) and Davenport-Rock Island-Moline (5th to
9th) also dropped in terms of rank from last month.
The most remarkable upward moves in January were recorded for Kankakee (8th to 1st) and ChampaignUrbana-Rantoul (10th to 3rd).
Bloomington-Normal (9th to 4th), Rockford (6th to 5th) and Springfield (7th 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 (7th to
2th), Kankakee (5th to 3rd), Metro-East (9th to 5th) and Decatur (10th to 7th).
Downward moves were recorded for Springfield (2nd to 4th), Davenport-Rock Island-Moline (3th to 8th), Peoria
(6th to 9th) and Bloomington-Normal (8th to 10th).
Chicago remained in the same place.
In the 12 months growth league table, Bloomington-Normal is in the last place and Chicago is 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 2/29/2014
www.real.illinois.edu
page 3
January 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
4.39
13.41
0.7
12.45
16.78
10.12
10.57
(2.5%)
(4.9%)
(15.1%)
(0.8%)
(14%)
(18.9%) (11.4%) (11.9%)
3.39
7.99
17.24
2.45
4.32
8.58
13.54
11.29
Champaign-Urbana
(3.2%)
(7.5%)
(16.1%)
(2.3%)
(4%)
(8%)
(12.6%) (10.5%)
130.4
373.77
842.53
77.86
281.04
753.07
635.14
395.65
Chicago
(3.1%)
(8.9%)
(20.1%)
(1.9%)
(6.7%)
(18%)
(15.2%)
(9.4%)
8.5
23.68
39.48
2.5
7.97
23.45
26.06
18.63
Davenport-Rock
Island-Moline
(4.7%)
(13%)
(21.6%)
(1.4%)
(4.4%)
(12.8%) (14.3%) (10.2%)
3.49
10
10.96
0.6
1.93
3.25
8.2
5.27
Decatur
(6.7%)
(19.4%) (21.2%)
(1.2%)
(3.7%)
(6.3%)
(15.9%) (10.2%)
1.19
5.45
10.27
0.5
2.02
3.05
8.92
4.01
Kankakee
(2.7%)
(12.4%) (23.3%)
(1.1%)
(4.6%)
(6.9%)
(20.2%)
(9.1%)
7.48
27.24
32.68
2.2
7.35
20.63
33.97
17.91
Peoria
(4.2%)
(15.3%) (18.3%)
(1.2%)
(4.1%)
(11.6%) (19.1%) (10.1%)
4.17
31.27
27.21
1.31
5.45
15.55
23.62
13.38
Rockford
(2.8%)
(21.2%) (18.5%)
(0.9%)
(3.7%)
(10.5%)
(16%)
(9.1%)
5.12
3.04
17.37
1.42
7.53
10.43
19.85
10.56
Springfield
(4.6%)
(2.7%)
(15.6%)
(1.3%)
(6.8%)
(9.4%)
(17.8%)
(9.5%)
190.68
575.87
1165.36
97.41
369.59
886.31
877.94
548.41
IL
(3.3%)
(9.9%)
(20.1%)
(1.7%)
(6.4%)
(15.3%) (15.1%)
(9.5%)
* The Illinois Department of Employment Security does not collect sector employment data for Metro-East
3.5
(3.9%)
3.36
(3.1%)
179.14
(4.3%)
7.31
(4%)
2.33
(4.5%)
1.71
(3.9%)
8.01
(4.5%)
9.13
(6.2%)
6.44
(5.8%)
253.69
(4.4%)
Government
(GOV)
14.86
(16.7%)
35.09
(32.7%)
519.32
(12.4%)
24.89
(13.6%)
5.56
(10.8%)
6.92
(15.7%)
20.94
(11.8%)
16.33
(11.1%)
29.68
(26.7%)
834.52
(14.4%)
Total non-farm Employment growth rate Jan 1990 – Jan 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 2/29/2014
www.real.illinois.edu
page 4
Employment Forecast for MSAs
MSAs
Jan 2014*
Jan 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
87,600
-1,300 ~ -900
-1.45%~ -1.00%
-
LEI (2.01%)
INF (-5.90%)
107,200
107,800
600~1,200
0.58%~ 1.11%
+
EDU (3.36%)
MAN (-4. 05%)
Chicago
4,190,400
4,240,400
49,900~76,100
1.19%~1.82%
+
EDU (2.83%)
CON (-1.53%)
Davenport-Rock
Island-Moline
182,500
182,700
200~700
0.09%~ 0.36%
+
EDU (1.90%)
INF (-3.28%)
Decatur
51,700
52,200
500~700
-0.08%~0.09%
+
PRO (6.51%)
MAN (-3.04%)
Kankakee
44,100
44,600
500~700
1.19%~ 1.70%
+
OTH (2.39%)
INF (0.02%)
Peoria
178,200
179,100
900~1,100
0.51 %~ 0.60%
+
PRO (2.86%)
INF (0.02%)
Rockford
147,400
147,600
200~500
0.12%~0.33%
+
PRO (2.72%)
INF (-8.27%)
Springfield
111,200
111,400
200~ 300
0.14%~ 0.23%
+
EDU (1.68%)
INF (-4.12%)
*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 2/29/2014
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 2/29/2014
www.real.illinois.edu
page 6
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