IllinoisJob Index: MSA Report Release data Issue Nov 29/2013 Jan 1990 / October 2013 16.12 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 M SA 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. Nov 2013 Total non-farm employment October 2013 Number of Jobs Nation Rest of Midwest (RMW) Illinois Illinois Metro Illinois non-Metro (Rural) Illinois Chicago (Upstate) Illinois non-Chicago 136,554,000 19,331,100 5,825,800 5,317,100 508,700 4,170,000 1,655,800 Sep 2013 – Oct 2013 Growth Rate (%) 0.15 0.20 0.27 0.20 0.95 0.22 0.37 Number of Jobs 204,000 38,300 15,400 10,600 4,800 9,300 6,100 Last 12 months Growth Rate (%) 1.74 1.17 0.99 0.90 2.03 1.37 0.16 Number of Jobs 2,329,000 223,800 57,300 47,200 10,100 56,500 2,600 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 added 15,400 jobs in October 2013, compared with a job gain of 10,300 in September 2013. Compared to October 2012, Illinois has added 57,300 jobs. The three-month moving average of jobs, a more stable measure of the labor market, was up by 9,900 jobs per month. Illinois has lost 168,700 jobs since the economic crisis developed in December 2007. Since January 2010 when Illinois employment resumed after the national recession, Illinois has added 238,100 new jobs. The major geographic divisions, Chicago-Downstate had positive performance and Metro-Rural also had positive performance. Illinois Rural area gained 4,800 jobs at 0.95% this month, compared to a revised 15,800 job gain in September. At the same time, Metro gained 10,600 jobs at 0.20% this month, compared to a revised 5,500 job loss in the previous month. Chicago gained 9,300 jobs at 0.22% in October 2013, compared to a revised 2,300 job loss last month. Meanwhile, Downstate gained 6,100 jobs at 0.37%, compared to a revised 12,600 job gain in September. In terms of the 12-month aggregated account, Metro registered a positive 0.90% growth by adding 47,200 jobs whereas Rural gained 10,100 jobs at 2.03%. Chicago added 56,500 jobs at 1.37% whereas Downstate gained 2,600 jobs at 0.16%. Through October 2013, the cumulative job growth for Metro, Rural, Chicago and Downstate compared to January 1990 stood at 10.99%, 6.48%, 10.97% and 9.61% respectively. Illinois Metro added 10,600 jobs at 0.20% in October of 2013. Seven 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 10.76% which is the highest among all the IL MSAs; Champaign-Urbana-Rantoul has experienced the lowest average growth rate, -7.55%. In terms of growth performance, five MSAs posted a net improvement from September to October and five declined in terms of rank. Metro-East 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, Chicago reached the first place while Decatur remained at the last place. Illinois Jobs Index: MSA REPORT release 11/29/2013 www.real.illinois.edu page 1 Total non-farm Employment growth Jan 1990 – Oct 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 October 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 0.00%. 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 0.90% and for Rural it was 2.03%. 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 worse than the nation. In 2011, the average growth rate for Illinois and the RMW is 0.05% while for the nation is 0.12%. In 2012, the average growth rate for Illinois is 0.10%, for the RMW it is 0.09% while for the nation it is 0.14%. In 2013, the average growth rate for Illinois is 0.09%, for the RMW is 0.11% while for the nation is 0.14%. Downstate registered a -0.03% average job decline in 2013 compared to an average gain of 0.04% growth 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 Oct 2013 Number of Jobs 89,800 106,100 4,170,000 185,400 50,100 43,700 182,200 148,700 112,100 229,000 Sep 2013 – Oct 2013 Growth compared to Illinois + + + - Last 12 months Growth Rate % Number Of Jobs Growth Rate % Number of Jobs -0.14 0.13 0.22 0.92 0.69 0.42 -0.22 0.04 0.20 -0.34 0.27 -130 140 9,300 1,700 340 180 -400 60 220 -800 15,400 -1.36 0.99 1.37 0.77 -4.73 -0.28 -2.16 -0.92 0.11 -1.15 0.99 -1,240 1,040 56,500 1,400 -2,500 -120 -4,000 -1,400 130 -2,700 57,300 release 11/29/2013 www.real.illinois.edu page 2 MSA League Tables*: Non-farm Employment Growth Rate Monthly growth: Rank Sep 2013 Oct 2013 Rank Change** 1 Kankakee(0.46%) Davenport-Rock Island-Moline(0.92%) 1 (+5) 2 Rockford (0.21%) Decatur(0.69%) 2 (+8) 3 Peoria (0.06%) Kankakee (0.42%) 3 (-2) 4 Metro-East (-0.05%) Chicago (0.22%) 4 (+1) 5 Chicago (-0.06%) Springfield (0.2%) 5 (+4) 6 Davenport-Rock Island-Moline (-0.2%) Champaign-Urbana-Rantoul (0.13%) 6 (+2) 7 Bloomington-Normal (-0.47%) Rockford (0.04%) 7 (-5) 8 Champaign-Urbana-Rantoul (-0.5%) Bloomington-Normal (-0.14%) 8 (-1) 9 Springfield (-1.43%) Peoria (-0.22%) 9 (-6) 10 Decatur (-1.47%) Metro-East (-0.34%) 10 (-6) Growth over last 12-months: Rank Sep 2013 Oct 2013 Rank Change** 1 Champaign-Urbana-Rantoul (1.17%) Chicago (1.37%) 1 (+1) 2 Chicago (1.15%) Champaign-Urbana-Rantoul (0.99%) 2 (-1) 3 Davenport-Rock Island-Moline (-0.13%) Davenport-Rock Island-Moline (0.77%) 3 (+0) 4 Springfield (-0.19%) Springfield (0.11%) 4 (+0) 5 Bloomington-Normal (-0.51%) Kankakee (-0.28%) 5 (+1) 6 Kankakee (-0.67%) Rockford (-0.92%) 6 (+2) 7 Metro-East (-0.77%) Metro-East (-1.15%) 7 (+0) 8 Rockford (-0.81%) Bloomington-Normal (-1.36%) 8 (-3) 9 Peoria (-1.74%) Peoria (-2.16%) 9 (+0) 10 Decatur (-4.83%) Decatur (-4.73%) 10 (+0) Talking Points MSA League Tables Peoria (3rd to 9th) and Metro East (4th to 10th) experienced the deepest fall this month. Kankakee (1st to 3rd), Rockford (2nd to 7th), Bloomington-Normal (7th to 8th) also dropped in terms of rank from last month. The most remarkable upward move in October was recorded for Decatur (10th to 2nd). Davenport-Rock Island-Moline (6th to 1st), Chicago (5th to 4th) Springfield (9th to 5th) and Champaign-UrbanaRantoul (8th to 6th) also gained in terms of rank from last month. In the 12 months growth league table, upward moves were recorded for Kankakee (6th to 5th), Chicago (2th to 1st) and Rockford (8th to 6th). Downward moves were recorded for Champaign-Urbana-Rantoul (1st to 2nd) and Bloomington-Normal (5th to Davenport-Rock Island-Moline, Springfield, Metro-East, Peoria and Decatur remained in the same place. In the 12 months growth league table, Decatur is in the last place and Chicago climbed up to the first place. 8th). *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 11/29/2013 www.real.illinois.edu page 3 October 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 2.37 4.34 13.32 0.8 12.65 17.77 10.66 10.26 (2.6%) (4.8%) (14.8%) (0.9%) (14.1%) (19.8%) (11.9%) (11.4%) 3.37 7.89 17.53 2.33 4.35 8.68 13.51 10.51 Champaign-Urbana (3.2%) (7.4%) (16.5%) (2.2%) (4.1%) (8.2%) (12.7%) (9.9%) 126.23 377.22 835.37 79.87 281.28 749.02 628.48 395.53 Chicago (3%) (9%) (20%) (1.9%) (6.7%) (18%) (15.1%) (9.5%) 8.72 24.37 39.62 2.41 7.97 23.97 26.13 18.92 Davenport-Rock Island-Moline (4.7%) (13.1%) (21.4%) (1.3%) (4.3%) (12.9%) (14.1%) (10.2%) 3.28 9.2 10.5 0.7 1.89 3.31 8.76 4.68 Decatur (6.5%) (18.3%) (20.9%) (1.4%) (3.8%) (6.6%) (17.5%) (9.3%) 1.06 5.5 9.77 0.41 2.08 3.47 8.98 4.02 Kankakee (2.4%) (12.6%) (22.3%) (0.9%) (4.8%) (7.9%) (20.5%) (9.2%) 7.5 26.89 34.77 2.5 7.38 21.38 34.75 17.51 Peoria (4.1%) (14.8%) (19.1%) (1.4%) (4.1%) (11.7%) (19.1%) (9.6%) 3.6 32.27 27.77 1.63 5.32 16.11 24.42 13.18 Rockford (2.4%) (21.7%) (18.7%) (1.1%) (3.6%) (10.8%) (16.4%) (8.9%) 3.68 2.96 17.33 1.36 7.6 11.97 20.1 10.02 Springfield (3.3%) (2.6%) (15.5%) (1.2%) (6.8%) (10.7%) (17.9%) (8.9%) 185.1 576.4 1171.5 99.8 371.2 900.9 882.7 544.3 IL (3.2%) (9.9%) (20.1%) (1.7%) (6.4%) (15.5%) (15.2%) (9.3%) * The Illinois Department of Employment Security does not collect sector employment data for Metro-East 3.48 (3.9%) 3.22 (3%) 183.17 (4.4%) 7.51 (4.1%) 2.22 (4.4%) 1.69 (3.9%) 8.19 (4.5%) 8.81 (5.9%) 6.77 (6%) 256.9 (4.4%) Government (GOV) 14.05 (15.7%) 34.6 (32.6%) 513.37 (12.3%) 25.67 (13.8%) 5.71 (11.4%) 6.78 (15.5%) 21.18 (11.6%) 15.62 (10.5%) 30.38 (27.1%) 830.0 (14.2%) Total non-farm Employment growth rate Jan 1990 – Oct 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 11/29/2013 www.real.illinois.edu page 4 Employment Forecast for MSAs MSAs Oct 2013* Oct 2014 (p)* 89,800 BloomingtonNormal Champaign-UrbanaRantoul Sector with Highest Growth Rate (p) Sector with Lowest Growth Rate (p) Number of Jobs * Growth Rate % Growth 89,300 -500 ~ -340 -0.56%~ -0.38% - LEI (2.54%) INF (-12.19%) 106,100 106,200 100~240 0.13%~0.23% + LEI (1.79%) MAN (-2.45%) Chicago 4,170,000 4,209,000 390,00~52,800 0.94%~1.27% + PRO(2.50%) FIN (-1.93%) Davenport-Rock Island-Moline 185,400 186,100 700~-1,000 0.35%~ 0.52% + EDU (2.23%) INF (-4.28%) Decatur 50,100 50,000 -100~300 -0.16%~0.57% - PRO (5.26%) GOV (-3.29%) Kankakee 43,700 43,500 -200~-50 -0.44%~ -0.11% - OTH (1.44%) FIN (-1.85%) Peoria 182,200 183,500 1,300~1,400 0.71 %~ 0.76% + PRO (5.47%) TTU (-0.41%) Rockford 148,700 149,200 500~1,000 0.32%~0.64% + PRO (2.16%) CON (-15.08%) Springfield 112,100 112,200 100~ 800 0.11%~ 0.70% + PRO (3.52%) INF (-10.02%) *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 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 Year Year release 11/29/2013 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 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 Total Non-farm Employment Forecast Peoria (PE) Number of Jobs (in thousands) 170000 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 11/29/2013 www.real.illinois.edu page 6