IllinoisJob Index: MSA Report Release data Issue Sep 29/2013 Jan 1990 / August 2013 16.10 Note: IDES revised their estimates for the number of jobs at the beginning of 2013. www.real.illinois.edu As a companion to the August 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. Sep 2013 Total non-farm employment August 2013 Number of Jobs Nation Rest of Midwest (RMW) Illinois Illinois Metro Illinois non-Metro (Rural) Illinois Chicago (Upstate) Illinois non-Chicago 136,133,000 19,316,600 5,801,000 5,311,967 489,033 4,163,013 1,637,987 Jul 2013 – Aug 2013 Growth Rate (%) 0.12 0.09 0.08 0.04 0.55 -0.02 0.33 Number of Jobs 169,000 17,400 4,800 2,140 2,650 -650 5,450 Last 12 months Growth Rate (%) 1.65 1.27 0.96 0.98 0.76 1.39 -0.11 Number of Jobs 2,206,000 242,500 55,400 51,710 3,680 57,180 -1,780 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 4,800 jobs in August 2013, compared with a revised 7,700 job gains in July 2013. Compared to August 2012, Illinois has added 55,400 jobs. The three-month moving average of jobs, a more stable measure of labor market, was up by 6,867 jobs per month. Illinois has lost 186,900 jobs since the economic crisis developed in December 2007. Since January 2010 when Illinois employment resumed after the national recession, Illinois has added 216,800 new jobs. The major geographic divisions, Chicago-Downstate had mixed performance while Metro-Rural had positive performance. Illinois Rural area gained 2,650 jobs at 0.55% this month, compared to a revised 300 job loss in July. At the same time, Metro added 2,140 jobs at 0.04% this month, compared to a revised 7,800 job gains in the previous month. Chicago shed 650 jobs at -0.02% in Aug 2013, compared to a revised 7,740 job gains last month. Meanwhile, Downstate gained 5,450 jobs at 0.33%, compared to a revised 240 job loss in July. In terms of the 12-month aggregated account, Metro registered a positive 0.98% growth by adding 51,710 jobs whereas Rural gained 3,680 jobs at 0.76%. Chicago added 57,180 jobs at 1.39% whereas Downstate shed 1,780 jobs at -0.11%. Through Aug 2013, the cumulative job growth for Metro, Rural, Chicago and Downstate compared to January 1990 stood at 10.89%, 2.35%, 10.79% and 8.43% respectively. Illinois Metro added 2,140 jobs at 0.04% in August of 2013. Six out of the ten MSAs posted positive growth. Since the job recovery resumes in Jan 2010 in IL state, MSA Peoria has shown an average growth rate of 11.05% which is the highest among all the IL MSAs; Champaign-Urbana-Rantoul has experienced the lowest average growth rate -7.05%. In terms of growth performance, five MSAs posted a net improvement from July to August, four declined in terms of rank, one remains unchanged. Champaign-Urbana-Rantoul dropped to the last place in terms of monthly growth performance, while Bloomington-Normal climbed up to the first place. Over the last 12-month period, Kankakee reached the first place while Champaign-Urbana-Rantoul 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 – Aug 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 August 2013 is -0.05%. 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 -0.06%. The same rate for Upstate it is -0.04% while for Downstate is -0.06%. Over the last 12-month period, the average growth rate for Metro was 0.08% and for Rural it was also 0.08%. In 2010, Illinois’s performance was better than the RMW and compared favorably to the nation. In 2011, Illinois has performed as good 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 is 0.09% while for the nation is 0.14%. In 2013, the average growth rate for Illinois is 0.06%, for the RMW is 0.12% while for the nation is 0.13%. Downstate registered a -0.18% 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 Aug 2013 Number of Jobs 90,320 106,490 4,163,010 184,100 50,530 43,360 182,500 148,310 113,490 229,860 Jul 2013 – Aug 2013 Growth compared to Illinois + + + + + + - Last 12 months Growth Rate % Number Of Jobs Growth Rate % Number of Jobs -0.26 0.14 -0.02 0.09 1.41 -0.02 0.18 0.19 1.44 -0.08 0.08 -230 150 -650 170 700 -10 320 280 1,620 -190 4,800 -1.25 2.21 1.39 0.20 -3.36 -0.80 -1.85 -0.61 1.60 -1.00 0.96 -1,150 2,300 57,180 370 -1,760 -350 -3,450 -910 1,790 -2,320 55,400 release 09/29/2013 www.real.illinois.edu page 2 MSA League Tables*: Non-farm Employment Growth Rate Monthly growth: Rank Jul 2013 Aug 2013 Rank Change** 1 Davenport-Rock Island-Moline(0.64%) Bloomington-Normal(1.44%) 1 (+2) 2 Chicago (0.27%) Rockford (1.41%) 2 (+6) 3 Bloomington-Normal (0.23%) Decatur (0.19%) 3 (+4) 4 Champaign-Urbana-Rantoul (0.22%) Metro-East (0.18%) 4 (+2) 5 Peoria (0%) Davenport-Rock Island-Moline (0.14%) 5 (-4) 6 Metro-East (-0.06%) Springfield (0.09%) 6 (+4) 7 Decatur (-0.06%) Chicago (-0.02%) 7 (-5) 8 Rockford (-0.15%) Peoria (-0.02%) 8 (-3) 9 Kankakee(-0.29%) Kankakee (-0.08%) 9 (+0) 10 Springfield (-0.56%) Champaign-Urbana-Rantoul (-0.26%) 10 (-6) Growth over last 12-months: Rank Jul 2013 Aug 2013 Rank Change** 1 Rockford (2.4%) Kankakee (2.21%) 1 (+1) 2 Kankakee (1.74%) Metro-East (1.6%) 2 (+7) 3 Bloomington-Normal (0.57%) Bloomington-Normal (1.39%) 3 (+0) 4 Davenport-Rock Island-Moline (0.19%) Davenport-Rock Island-Moline (0.2%) 4 (+0) 5 Champaign-Urbana-Rantoul (-0.1%) Decatur (-0.61%) 5 (+3) 6 Chicago (-0.51%) Chicago (-0.8%) 6 (+0) 7 Peoria (-0.54%) Springfield (-1%) 7 (+3) 8 Decatur (-0.73%) Rockford (-1.25%) 8 (-7) 9 Metro-East (-2.02%) Peoria (-1.85%) 9 (-2) 10 Springfield (-3.97%) Champaign-Urbana-Rantoul (-3.36%) 10 (-5) Talking Points MSA League Tables Champaign-Urbana-Rantoul (4th to 10th) experienced the deepest fall this month. Davenport-Rock Island-Moline (1st to 5th), Chicago (2nd to 7th), Peoria (5th to 8th) and ChampaignUrbana-Rantoul (4th to 10th) dropped in terms of rank from last month. The most remarkable upward move in August was recorded for Rockford (8th to 2nd). Bloomington-Normal (3rd to 1st), Decatur (7th to 3th), Metro-East (6th to 4th), Springfield (10th to 6th), also gained in terms of rank from last month. In the 12 months growth league table, upward moves were recorded for Kankakee (2nd to 1st), Metro-East (9th to 7th), Decatur (8th to 5th), Springfield (10th to 7th). Downward moves were recorded for Rockford (1st to 8th), Peoria (7th to 9th) and Champaign-UrbanaRantoul (5th to 10th). Bloomington-Normal, Davenport-Rock Island-Moline and Chicago remained in the same place. In the 12 months growth league table, Champaign-Urbana-Rantoul is in the last place and Kankakee 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 August 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 2.43 4.24 13.3 0.79 12.71 17.62 10.64 10.44 (2.7%) (4.7%) (14.7%) (0.9%) (14.1%) (19.5%) (11.8%) (11.6%) 3.55 7.92 17.5 2.37 4.32 8.59 13.54 10.81 Champaign-Urbana (3.3%) (7.4%) (16.4%) (2.2%) (4.1%) (8.1%) (12.7%) (10.2%) 127.33 377.34 832.96 79.3 283.78 747.34 630.07 390.77 Chicago (3.1%) (9.1%) (20%) (1.9%) (6.8%) (18%) (15.1%) (9.4%) 8.62 24.45 39.26 2.42 8.07 24.05 26.02 18.37 Davenport-Rock Island-Moline (4.7%) (13.3%) (21.3%) (1.3%) (4.4%) (13.1%) (14.1%) (10%) 3.29 9.15 10.47 0.7 1.89 3.38 8.76 4.83 Decatur (6.5%) (18.1%) (20.7%) (1.4%) (3.7%) (6.7%) (17.3%) (9.6%) 1.09 5.44 9.83 0.4 2.07 3.49 8.88 3.9 Kankakee (2.5%) (12.5%) (22.7%) (0.9%) (4.8%) (8.1%) (20.5%) (9%) 7.39 26.85 34.76 2.5 7.47 21.76 34.52 17.39 Peoria (4%) (14.7%) (19%) (1.4%) (4.1%) (11.9%) (18.9%) (9.5%) 3.65 32.12 27.79 1.62 5.27 15.67 24.31 13.28 Rockford (2.5%) (21.7%) (18.7%) (1.1%) (3.6%) (10.6%) (16.4%) (9%) 3.69 3.04 17.51 1.44 7.59 12.04 20.02 10.41 Springfield (3.2%) (2.7%) (15.4%) (1.3%) (6.7%) (10.6%) (17.6%) (9.2%) 186.2 576.8 1168.6 98.8 372.5 889.7 880.9 540.5 IL (3.2%) (9.9%) (20.1%) (1.7%) (6.4%) (15.3%) (15.2%) (9.3%) * The Illinois Department of Employment Security does not collect sector employment data for Metro-East Government (GOV) 3.5 (3.9%) 3.2 (3%) 181.29 (4.4%) 7.26 (3.9%) 2.26 (4.5%) 1.68 (3.9%) 8.18 (4.5%) 8.81 (5.9%) 6.85 (6%) 253.8 (4.4%) 14.61 (16.2%) 34.4 (32.3%) 511.16 (12.3%) 25.58 (13.9%) 5.66 (11.2%) 6.63 (15.3%) 22.06 (12.1%) 15.65 (10.5%) 30.87 (27.2%) 821.4 (14.2%) 2011 2013 Total non-farm Employment growth rate Jan 1990 – Aug 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 2012 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. The Illinois Economic Observatory and Illinois Jobs Indexis 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 4 Employment Forecast for MSAs Aug 2013* Aug 2014 (p)* 90,300 Sector with Lowest Growth Rate (p) Sector with Highest Growth Rate (p) Number of Jobs * Growth Rate % Growth 90,100 -200 ~ -80 -0.21%~ -0.09% - LEI (2.62%) 106,500 106,600 150~440 0.14%~0.41% + PRO (1.85%) MAN (-2.70%) Chicago 4,163,000 4,215,000 518,00~64,900 1.24%~1.56% + PRO (3.15%) MAN (-2.35%) Davenport-Rock Island-Moline 184,100 184,200 100~-700 0.05%~ -0.36% + EDU (1.84%) INF (-4.66%) Decatur 50,500 50,000 -500~ -20 -0.91%~-0.04% - PRO (8.81%) MAN (-3.90%) Kankakee 43,400 42,900 -500~-340 -1.08%~ -0.78% - OTH (0.68%) FIN (-3.04%) Peoria 182,500 183,600 1100~2400 0.62 %~ 1.35% + PRO (3.05%) INF (-0.51%) Rockford 148,300 147,800 -500~ -280 -0.34%~-0.19% - PRO (2.10%) CON (-14.90%) Springfield 113,500 112,700 -800~ -250 -0.67%~ -0.22% - PRO (2.76%) INF (-9.80%) MSAs BloomingtonNormal Champaign-UrbanaRantoul INF (-8.28%) *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 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 2000 2002 2004 2006 2008 Year Year Illinois Jobs Index: MSA REPORT 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 2014 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 09/29/2013 www.real.illinois.edu page 6