IllinoisJob Index: MSA Report Release data Issue Dec 29/2013 Jan 1990 / November 2013 16.13 Note: IDES revised their estimates for the number of jobs at the beginning of 2013. 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. Dec 2013 Total non-farm employment November 2013 Number of Jobs Nation Rest of Midwest (RMW) Illinois Illinois Metro Illinois non-Metro (Rural) Illinois Chicago (Upstate) Illinois non-Chicago 136,765,000 19,356,800 5,837,000 5,321,900 515,100 4,174,800 1,662,200 Oct 2013 – Nov 2013 Growth Rate (%) 0.15 0.14 0.16 0.09 0.90 0.12 0.27 Number of Jobs 203,000 27,800 9,400 4,800 4,600 4,800 4,600 Last 12 months Growth Rate (%) 1.71 1.27 1.02 0.94 1.89 1.38 0.12 Number of Jobs 2,293,000 243,400 58,900 49,400 9,500 56,900 2,000 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 9,400 jobs in November 2013, compared with a job gain of 17,200 in October 2013. Compared to November 2012, Illinois has added 58,900 jobs. The three-month moving average of jobs, a more stable measure of the labor market, was up by 12,300 jobs per month. Illinois has lost 157,500 jobs since the economic crisis developed in December 2007. Since January 2010 when Illinois employment resumed after the national recession, Illinois has added 249,300 new jobs. The major geographic divisions, Chicago-Downstate and Metro-Rural both had a positive performance. Illinois Rural area gained 4,600 jobs at 0.90% this month, compared to a revised 6,600 job gain in October. At the same time, Metro gained 4,800 jobs at 0.09% this month, compared to a revised 10,600 job loss in the previous month. Chicago gained 4,800 jobs at 0.12% in November 2013, compared to a revised 9,300 job gain last month. Meanwhile, Downstate gained 4,600 jobs at 0.27%, compared to a revised 7,900 job gain in October. In terms of the 12-month aggregated account, Metro registered a positive 0.94% growth by adding 49,400 jobs whereas Rural gained 9,500 jobs at 1.89%. Chicago added 56,900 jobs at 1.38% whereas Downstate gained 2,000 jobs at 0.12%. Through November 2013, the cumulative job growth for Metro, Rural, Chicago and Downstate compared to January 1990 stood at 11.09%, 7.81%, 11.10% and 10.03% respectively. Illinois Metro added 4,800 jobs at 0.09% in November of 2013. Six out of the ten MSAs posted positive growth. Since the job recovery resumed in Jan 2010 in IL state, Chicago Upstate has shown an average growth rate of 10.78% which is the highest among all the IL MSAs; Champaign-Urbana-Rantoul has experienced the lowest average growth rate, -7.0%. In terms of growth performance, six MSAs posted a net improvement from October to November 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, Chicago reached the first place while Decatur remained at the last place. Illinois Jobs Index: MSA REPORT release 12/29/2013 www.real.illinois.edu page 1 Total non-farm Employment growth Jan 1990 – Nov 2013 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 Talking Points State, Downstate & Metro While the average growth for Illinois between 1990 and 2008 was 0.04%, the average from December 2007 to November 2013 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 0.02%. The same rate for Chicago (Upstate) is -0.04% and for Downstate is also -0.04%. Over the last 12-month period, the average growth rate for Metro was 0.94% and for Rural it was 1.89 %. 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 0.10%, 0.11% for the RMW and 0.11% for the nation. Downstate registered a -0.01% average job decline in 2013 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 and 0.11% growth in 2012. 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 Nov 2013 Number of Jobs 89,900 106,300 4,174,800 184,100 50,300 44,000 182,300 149,100 112,500 228,600 Oct 2013 – Nov 2013 Growth compared to Illinois + + + + + + - Last 12 months Growth Rate % Number Of Jobs Growth Rate % Number of Jobs 0.18 0.17 0.12 -0.70 0.37 0.50 0.05 0.25 0.39 -0.17 0.16 160 180 4,800 -1,300 190 220 100 370 440 -380 9,400 -1.02 1.01 1.38 0.10 -3.24 0.22 -1.64 -0.31 0.55 -1.46 1.02 -900 1,100 56,900 190 -1,700 100 -3,000 -460 620 -3,390 58,900 release 12/29/2013 www.real.illinois.edu page 2 MSA League Tables*: Non-farm Employment Growth Rate Monthly growth: Rank Oct 2013 Nov 2013 Rank Change** 1 Davenport-Rock Island-Moline(0.92%) Kankakee(0.5%) 1 (+2) 2 Decatur(0.69%) Springfield (0.39%) 2 (+3) 3 Kankakee (0.42%) Decatur (0.37%) 3 (-1) 4 Chicago (0.22%) Rockford (0.25%) 4 (+3) 5 Springfield (0.2%) Bloomington-Normal (0.18%) 5 (+3) 6 Champaign-Urbana-Rantoul (0.13%) Champaign-Urbana-Rantoul (0.17%) 6 (+0) 7 Rockford (0.04%) Chicago (0.12%) 7 (-3) 8 Bloomington-Normal (-0.14%) Peoria (0.05%) 8 (+2) 9 Peoria (-0.22%) Metro-East(-0.17%) 9 (+1) 10 Metro-East (-0.34%) Davenport-Rock Island-Moline (-0.7%) 10 (-9) Growth over last 12-months: Rank Oct 2013 Nov 2013 Rank Change** 1 Chicago (1.37%) Chicago (1.38%) 1 (+0) 2 Champaign-Urbana-Rantoul (0.99%) Champaign-Urbana-Rantoul (1.01%) 2 (+0) 3 Davenport-Rock Island-Moline (0.77%) Springfield (0.55%) 3 (+1) 4 Springfield (0.11%) Kankakee (0.22%) 4 (+1) 5 Kankakee (-0.28%) Davenport-Rock Island-Moline (0.1%) 5 (-2) 6 Rockford (-0.92%) Rockford (-0.31%) 6 (+0) 7 Metro-East (-1.15%) Bloomington-Normal (-1.02%) 7 (+1) 8 Bloomington-Normal (-1.36%) Metro-East (-1.46%) 8 (-1) 9 Peoria (-2.16%) Peoria (-1.64%) 9 (+0) 10 Decatur (-4.73%) Decatur (-3.24%) 10 (+0) Talking Points MSA League Tables Davenport-Rock Island-Moline (1st to 10th) experienced the deepest fall this month. Decatur (2nd to 3rd) and Chicago (4th to 7th) also dropped in terms of rank from last month. The most remarkable upward move in November was recorded for Springfield (5th to 2nd), Rockford (7th to 4th) and Bloomington-Normal (8th to 5th). Kankakee (3rd to 1st), Peoria (10th to 8th) and Metro-East (10th to 9th) also gained in terms of rank from last month. In the 12 months growth league table, upward moves were recorded for Springfield (4th to 3rd), Kankakee (5th to 4th) and Bloomington-Normal (8th to 7th). Downward moves were recorded for Davenport-Rock Island-Moline (3th to 5th) and Metro-East (7th to 8th). Chicago, Champaign-Urbana-Rantoul, Rockford, Peoria and Decatur remained in the same place. In the 12 months growth league table, Decatur 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 12/29/2013 www.real.illinois.edu page 3 November 2013 MSA Employment by Sectors (000s) * Trade, Construc- Manufac- transportat Information turing ion & tion (CON) (MAN) utilities (INF) (TTU) Market Area Financial activities (FIN) Profession al & Education Leisure & Other business & health hospitality Services services (EDU) (LEI) (OTH) (PRO) BloomingtonNormal 2.34 4.27 13.44 0.81 12.74 17.75 10.69 10.22 (2.6%) (4.8%) (14.9%) (0.9%) (14.2%) (19.7%) (11.9%) (11.4%) 3.39 7.89 17.54 2.28 4.35 8.83 13.58 10.69 Champaign-Urbana (3.2%) (7.4%) (16.5%) (2.1%) (4.1%) (8.3%) (12.8%) (10.1%) 127 376.20 840.35 79.96 280.01 749.49 630.72 393.67 Chicago (3%) (9%) (20.1%) (1.9%) (6.7%) (18%) (15.1%) (9.4%) 8.74 24.18 39.44 2.48 7.96 23.57 26.29 18.47 Davenport-Rock Island-Moline (4.7%) (13.1%) (21.4%) (1.3%) (4.3%) (12.8%) (14.3%) (10%) 3.33 9.18 10.55 0.7 1.89 3.41 8.72 4.75 Decatur (6.6%) (18.2%) (21%) (1.4%) (3.8%) (6.8%) (17.3%) (9.4%) 1.13 5.5 9.87 0.4 2.09 3.29 9.12 4.04 Kankakee (2.6%) (12.5%) (22.5%) (0.9%) (4.8%) (7.5%) (20.7%) (9.2%) 7.47 27.14 34.76 2.5 7.37 21.58 34.54 17.47 Peoria (4.1%) (14.9%) (19.1%) (1.4%) (4%) (11.8%) (18.9%) (9.6%) 3.68 32.61 27.97 1.62 5.27 16.04 24.47 13.21 Rockford (2.5%) (21.9%) (18.8%) (1.1%) (3.5%) (10.8%) (16.4%) (8.9%) 3.90 3.00 17.43 1.44 7.61 11.95 20.14 9.98 Springfield (3.5%) (2.7%) (15.5%) (1.3%) (6.8%) (10.6%) (17.9%) (8.9%) 187.04 574.96 1176.68 99.9 370.24 895.32 884.32 544.31 IL (3.2%) (9.9%) (20.2%) (1.7%) (6.4%) (15.4%) (15.2%) (9.3%) * The Illinois Department of Employment Security does not collect sector employment data for Metro-East 3.5 (3.9%) 3.24 (3%) 182.3 (4.4%) 7.48 (4.1%) 2.22 (4.4%) 1.68 (3.8%) 8.24 (4.5%) 8.85 (5.9%) 6.71 (6%) 257.23 (4.4%) Government (GOV) 14.07 (15.6%) 34.51 (32.5%) 513.39 (12.3%) 25.35 (13.8%) 5.74 (11.4%) 6.79 (15.5%) 21.18 (11.6%) 15.46 (10.4%) 30.39 (27%) 829.51 (14.2%) Total non-farm Employment growth rate Jan 1990 – Nov 2013 150.0 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) 140.0 130.0 120.0 110.0 100.0 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 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 12/29/2013 www.real.illinois.edu page 4 Employment Forecast for MSAs MSAs Nov 2013* Nov 2014 (p)* 89,900 BloomingtonNormal Champaign-UrbanaRantoul Sector with Highest Growth Rate (p) Sector with Lowest Growth Rate (p) Number of Jobs * Growth Rate % Growth 89,400 -500 ~ -400 -0.64%~ -0.48% - LEI (2.29%) INF (-11.65%) 106,200 106,300 100~200 0.05%~0.18% + INF (2.31%) MAN (-2.65%) Chicago 4,174,800 4,229,400 7,300~31,400 0.17%~0.75% + PRO(2.75%) FIN (-2.31%) Davenport-Rock Island-Moline 184,100 185,000 900~-1,300 0.48%~ 0.70% + EDU (2.15%) INF (-3.96%) Decatur 50,300 50,400 100~300 0.17%~0.53% + PRO (7.10%) MAN (-3.13%) Kankakee 43,960 44,040 80~320 0.18%~ 0.73% + OTH (2.69%) CON (-1.38%) Peoria 182,300 183,500 1,200~1,300 0.66 %~ 0.70% + PRO (3.84%) FIN (-0.49%) Rockford 149,100 149,900 800~1,200 0.53%~0.77% + EDU (2.12%) CON (-11.65%) Springfield 112,530 112,480 -50~ 300 -0.04%~ 0.23% - PRO (3.17%) INF (-10.85%) *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 1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 85000 2014 1990 Year Number of Jobs (in thousands) 4400000 Total Non-farm Employment Forecast Champaign-Urbana-Rantoul (CU) 120000 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 Year Total Non-farm Employment Forecast Davenport-Rock-Island-Moline (DRM) 190000 4200000 185000 180000 4000000 175000 3800000 170000 165000 3600000 160000 3400000 155000 150000 3200000 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 1990 2014 1992 1994 1996 1998 Illinois Jobs Index: MSA REPORT 2000 2002 2004 2006 2008 2010 2012 2014 Year Year release 12/29/2013 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 30000 44000 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 1990 2014 1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014 Year Year Number of Jobs (in thousands) 200000 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 145000 160000 140000 150000 135000 140000 130000 130000 125000 120000 120000 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 1990 2014 1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014 Year Year Number of Jobs (in thousands) 120000 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 12/29/2013 www.real.illinois.edu page 6