IllinoisJob Index: MSA Report Release data Issue Oct 29/2013 Jan 1990 / September 2013 16.11 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. Oct 2013 Total non-farm employment September 2013 Number of Jobs Nation Rest of Midwest (RMW) Illinois Illinois Metro Illinois non-Metro (Rural) Illinois Chicago (Upstate) Illinois non-Chicago 136,350,000 19,292,800 5,810,400 5,306,400 504,000 4,160,700 1,649,700 Aug 2013 – Sep 2013 Growth Rate (%) 0.12 -0.12 0.18 -0.10 3.24 -0.06 0.77 Number of Jobs 163,000 -23,800 10,300 -5,520 15,820 -2,330 12,630 Last 12 months Growth Rate (%) 1.70 1.14 1.00 0.73 3.98 1.15 0.64 Number of Jobs 2,285,000 217,100 57,800 38,500 19,300 47,260 10,540 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 10,300 jobs in September 2013, compared with a revised 3,900 job gain in August 2013. Compared to September 2012, Illinois has added 57,800 jobs. The three-month moving average of jobs, a more stable measure of labor market, was up by 7,233 jobs per month. Illinois has lost 184,100 jobs since the economic crisis developed in December 2007. Since January 2010 when Illinois employment resumed after the national recession, Illinois has added 222,700 new jobs. The major geographic divisions, Chicago-Downstate had positive performance and Metro-Rural also had positive performance. Illinois Rural area gained 15,820 jobs at 3.24% this month, compared to a revised 1,760 job gain in August. At the same time, Metro shed 5,520 jobs at -0.10% this month, compared to a revised 2,140 job gains in the previous month. Chicago shed 2,330 jobs at -0.06% in September 2013, compared to a revised 650 job loss last month. Meanwhile, Downstate gained 12,630 jobs at 0.77%, compared to a revised 4,550 job loss in August. In terms of the 12-month aggregated account, Metro registered a positive 0.73% growth by adding 38,500 jobs whereas Rural gained 19,300 jobs at 3.98%. Chicago added 47,260 jobs at 1.15% whereas Downstate gained 10,540 jobs at 0.64%. Through September 2013, the cumulative job growth for Metro, Rural, Chicago and Downstate compared to January 1990 stood at 10.72%, 5.47%, 10.72% and 9.21% respectively. Illinois Metro shed 5,500 jobs at -0.10% in September of 2013. Only four out of the ten MSAs posted positive growth. Since the job recovery resumed in Jan 2010 in IL state, MSA Peoria has shown an average growth rate of 10.93% which is the highest among all the IL MSAs; Decatur has experienced the lowest average growth rate -8.02%. In terms of growth performance, four MSAs posted a net improvement from August to September, four declined in terms of rank, two remained unchanged. Decatur 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 reached the first place while Decatur dropped to the last place. Illinois Jobs Index: MSA REPORT release 09/29/2013 www.real.illinois.edu page 1 Total non-farm Employment growth Jan 1990 – Sep 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 September 2013 is -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 -0.05% while for Rural it is -0.01%. The same rate for Chicago (Upstate) it is -0.04% while for Downstate is -0.05%. Over the last 12-month period, the average growth rate for Metro was 0.09% and for Rural it was also 0.14%. 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 was 0.05% while for the nation it was 0.12%. In 2012, the average growth rate for Illinois was 0.10%, for the RMW 0.09% and for the nation 0.14%. In 2013, the average growth rate for Illinois was 0.07%, for the RMW 0.10% while for the nation it was 0.14%. Downstate registered a -0.08% 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 Sep 2013 Number of Jobs 89,900 105,900 4,160,700 183,700 49,800 43,600 182,600 148,600 111,900 229,700 Aug 2013 – Sep 2013 Growth compared to Illinois + + - Growth Rate % -0.47 -0.50 -0.06 -0.20 -1.47 0.46 0.06 0.21 -1.43 -0.05 0.18 Number Of Jobs -420 -540 -2,300 -370 -740 200 100 310 -1,600 -110 10,300 Last 12 months Growth Rate % Number of Jobs -0.51 1.17 1.15 -0.13 -4.83 -0.67 -1.74 -0.81 -0.19 -0.77 1.00 -460 1,200 47,300 -250 -2,500 -300 -3,200 -1,200 -220 -1,800 57,800 MSA League Tables*: Non-farm Employment Growth Rate Illinois Jobs Index: MSA REPORT release 09/29/2013 www.real.illinois.edu page 2 Monthly growth: Rank Aug 2013 Sep 2013 Rank Change** 1 Bloomington-Normal(1.44%) Kankakee(0.46%) 1 (+8) 2 Rockford (1.41%) Rockford (0.21%) 2 (+0) 3 Decatur (0.19%) Peoria (0.06%) 3 (+5) 4 Metro-East (0.18%) Metro-East (-0.05%) 4 (+0) 5 Davenport-Rock Island-Moline (0.14%) Chicago (-0.06%) 5 (+2) 6 Springfield (0.09%) Davenport-Rock Island-Moline (-0.2%) 6 (-1) 7 Chicago (-0.02%) Bloomington-Normal (-0.47%) 7 (-6) 8 Peoria (-0.02%) Champaign-Urbana-Rantoul (-0.5%) 8 (+2) 9 Kankakee (-0.08%) Springfield (-1.43%) 9 (-3) 10 Champaign-Urbana-Rantoul (-0.26%) Decatur (-1.47%) 10 (-7) Growth over last 12-months: Rank Aug 2013 Sep 2013 Rank Change** 1 Kankakee (2.21%) Champaign-Urbana-Rantoul (1.17%) 1 (+9) 2 Metro-East (1.6%) Chicago (1.15%) 2 (+4) 3 Bloomington-Normal (1.39%) Davenport-Rock Island-Moline (-0.13%) 3 (+1) 4 Davenport-Rock Island-Moline (0.2%) Springfield (-0.19%) 4 (+3) 5 Decatur (-0.61%) Bloomington-Normal (-0.51%) 5 (-2) 6 Chicago (-0.8%) Kankakee (-0.67%) 6 (-5) 7 Springfield (-1%) Metro-East (-0.77%) 7 (-5) 8 Rockford (-1.25%) Rockford (-0.81%) 8 (+0) 9 Peoria (-1.85%) Peoria (-1.74%) 9 (+0) 10 Champaign-Urbana-Rantoul (-3.36%) Decatur (-4.83%) 10 (-5) Talking Points MSA League Tables Decatur (3rd to 10th) experienced the deepest fall this month. Davenport-Rock Island-Moline (5th to 6th), Bloomington-Normal (1st to 7th), Springfield (6th to 9th) and Decatur (3rd to 10th) dropped in terms of rank from last month. The most remarkable upward move in September was recorded for Kankakee (9th to 1st). Peoria (8th to 5th), Chicago (7th to 5th) and Champaign-Urbana-Rantoul (10th to 8th) also gained in terms of rank from last month. In the 12 months growth league table, upward moves were recorded for Champaign-Urbana-Rantoul (10th to 1st), Chicago (6th to 2nd), Davenport-Rock Island-Moline (4th to 3rd), Springfield (7th to 4th). Downward moves were recorded for Bloomington-Normal (3rd to 5th), Kankakee (1st to 6th), Metro-East (2nd to 7th) and Decatur (5th to 10th) Rockford and Peoria remained in the same place. In the 12 months growth league table, Decatur is in the last place and Champaign-Urbana-Rantoul climbed up 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 09/29/2013 www.real.illinois.edu page 3 September 2013 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 2.4 4.27 13.33 0.7 12.72 18.12 10.48 10.32 (2.7%) (4.8%) (14.8%) (0.8%) (14.2%) (20.2%) (11.7%) (11.5%) 3.52 7.92 17.4 2.3 4.3 8.55 13.45 10.68 Champaign-Urbana (3.3%) (7.5%) (16.4%) (2.2%) (4.1%) (8.1%) (12.7%) (10.1%) 125.59 377.52 835.13 79.44 282.37 745.82 626.39 391.52 Chicago (3%) (9.1%) (20.1%) (1.9%) (6.8%) (17.9%) (15.1%) (9.4%) 8.68 24.51 39.48 2.41 7.99 23.35 26.12 18.17 Davenport-Rock Island-Moline (4.7%) (13.3%) (21.5%) (1.3%) (4.3%) (12.7%) (14.2%) (9.9%) 3.27 9.08 10.42 0.7 1.89 3.3 8.77 4.62 Decatur (6.6%) (18.2%) (20.9%) (1.4%) (3.8%) (6.6%) (17.6%) (9.3%) 1.08 5.45 9.86 0.41 2.07 3.44 8.98 3.94 Kankakee (2.5%) (12.5%) (22.6%) (0.9%) (4.7%) (7.9%) (20.6%) (9%) 7.5 26.72 34.83 2.5 7.43 21.89 34.81 17.39 Peoria (4.1%) (14.6%) (19.1%) (1.4%) (4.1%) (12%) (19.1%) (9.5%) 3.66 32.4 27.74 1.63 5.33 15.86 24.44 13.17 Rockford (2.5%) (21.8%) (18.7%) (1.1%) (3.6%) (10.7%) (16.4%) (8.9%) 3.74 2.96 17.25 1.39 7.57 11.98 20.02 9.95 Springfield (3.3%) (2.6%) (15.4%) (1.2%) (6.8%) (10.7%) (17.9%) (8.9%) 185.2 575.9 1169.2 99.2 372.3 891.6 881.0 540.4 IL (3.2%) (9.9%) (20.1%) (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 3.47 (3.9%) 3.2 (3%) 182.02 (4.4%) 7.42 (4%) 2.13 (4.3%) 1.69 (3.9%) 8.23 (4.5%) 8.66 (5.8%) 6.65 (5.9%) 255.0 (4.4%) Government (GOV) 14.17 (15.8%) 34.57 (32.6%) 513.19 (12.3%) 25.6 (13.9%) 5.73 (11.5%) 6.74 (15.5%) 21.13 (11.6%) 15.69 (10.6%) 30.43 (27.2%) 827.4 (14.2%) Total non-farm Employment growth rate Jan 1990 – Sep 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 09/29/2013 www.real.illinois.edu page 4 Employment Forecast for MSAs MSAs Sep 2013* Sep 2014 (p)* 89,900 BloomingtonNormal Champaign-UrbanaRantoul Sector with Highest Growth Rate (p) Sector with Lowest Growth Rate (p) MAN (-5.38%) Number of Jobs * Growth Rate % Growth 89,600 -300 ~ -200 -0.33%~ -0.22% - LEI (2.23%) 106,000 106,300 320~500 0.30%~0.47% + LEI (2.03%) MAN (-2.59%) Chicago 4,160,700 4,184,900 242,00~47,600 0.58%~1.14% + EDU (1.94%) MAN (-2.28%) Davenport-Rock Island-Moline 183,700 183,800 100~-500 0.05%~ 0.28% + EDU (1.74%) INF (-4.30%) Decatur 49,800 50,100 280~ -950 0.56%~-1.90% + PRO (11.69%) GOV (-3.87%) Kankakee 43,600 43,200 -400~-270 -1.53%~ -1.00% - OTH (0.27%) TTU (-2.56%) Peoria 182,600 183,700 1,100~2,500 0.62 %~ 1.35% + PRO (4.21%) CON (-0.85%) Rockford 148,600 148,700 100~540 -0.34%~-0.19% - PRO (2.32%) CON (-13.50%) Springfield 111,900 112,400 540~ 1,200 0.48%~ 1.08% + PRO (3.45%) INF (-8.73%) *Total Non-Farm Jobs Number of Jobs (in thousands) 95000 Number of Jobs (in thousands) Total Non-farm Employment Forecast Bloomington (BN) 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 Total Non-farm Employment Forecast Chicago (CHI) 1992 1994 Number of Jobs (in thousands) 195000 1996 1998 2000 2002 2004 2006 2008 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 2010 2012 2014 Year release 09/29/2013 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) 60000 48000 58000 46000 Total Non-farm Employment Forecast Kankakee (KA) 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 Year Number of Jobs (in thousands) 200000 Total Non-farm Employment Forecast Peoria (PE) Year Number of Jobs (in thousands) 170000 Total Non-farm Employment Forecast Rockford (RO) 165000 190000 160000 180000 155000 170000 150000 160000 145000 150000 140000 135000 140000 130000 130000 125000 120000 120000 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014 1990 1992 1994 1996 Year Number of Jobs (in thousands) 120000 1998 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 The Illinois Economic Observatory and Illinois Jobs Index is part of the Institute of Government and Public Affairs at the University of Illinois. Illinois Jobs Index: MSA REPORT release 09/29/2013 www.real.illinois.edu page 6