IllinoisJob Index: MSA Report Release data Issue Aug 29/2013 Jan 1990 / July 2013 16.09 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. Total non-farm employment Aug 2013 Nation Rest of Midwest (RMW) Illinois Illinois Metro Illinois non-Metro (Rural) Illinois Chicago (Upstate) Illinois non-Chicago July 2013 Number of Jobs 135,964,000 19,315,700 5,795,300 5,314,040 481,260 4,167,830 1,627,470 Jun 2013 – Jul 2013 Growth Rate (%) 0.08 0.21 0.11 0.22 -1.02 0.27 -0.29 Number of Jobs 104,000 40,500 6,600 11,550 -4,950 11,300 -4,700 Last 12 months Growth Rate (%) 1.65 1.37 0.97 1.25 -2.06 1.74 -0.97 Number of Jobs 2,202,000 260,900 55,500 65,600 -10,100 71,390 -15,890 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 6,600 jobs in Jul 2013, compared with a revised 8,300 job gains in Jun 2013. Compared to Jul 2012, Illinois has added 55,500 jobs. The three-month moving average of jobs, a more stable measure of labor market, was up by 6,567 jobs per month. Illinois has lost 192,600 jobs since the economic crisis developed in December 2007. Since January 2010 when Illinois employment resumed after the national recession, Illinois has added 211,100 new jobs. The major geographic divisions, Chicago-Downstate and Metro-Rural both had mixed performance. Illinois Rural area shed 4,950 jobs at -2.06% this month, compared to a revised 2,240 job gains in Jun. At the same time, Metro added 11,550 jobs at 0.22% this month, compared to a revised 6,056 job gains in the previous month. Chicago added 11,300 jobs at 0.27% in Jul 2013, compared to a revised 6,485 job gains last month. Meanwhile, Downstate shed 4,700 jobs at -0.29%, compared to a revised 1,815 job gains in June. In terms of the 12-month aggregated account, Metro registered a positive 1.25% growth by adding 65,600 jobs whereas Rural shed 10,100 jobs at -2.06%. Chicago added 71,390 jobs at 1.74% whereas Downstate shed 15,890 jobs at -0.97%. Through Jul 2013, the cumulative job growth for Metro, Rural, Chicago and Downstate compared to January 1990 stood at 10.93%, 1.80%, 10.91% and 7.74% respectively. Illinois Metro added 11,550 jobs at 0.22% in Jul of 2013. Four 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 10.78% which is the highest among all the IL MSAs; Decatur has experienced the lowest average growth rate -7.68%. In terms of growth performance, seven MSAs posted a net improvement from Jun to Jul, three declined in terms of rank. Springfield dropped to the last place in terms of monthly growth performance, while Davenport-Rock IslandMoline climbed up to the first place. Over the last 12-month period, Rockford reached the first place while Springfield remained in the last place. Illinois Jobs Index: MSA REPORT release 08/29/2013 www.real.illinois.edu page 1 Total non-farm Employment growth Jan 1990 – Jul 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 Jul 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 -0.08%. The same rate for Upstate it is -0.04% while for Downstate is -0.07%. Over the last 12-month period, the average growth rate for Metro was 0.10% and for Rural it was -0.20%. 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 0.14% while for the nation is 0.13%. Downstate registered a -0.30% 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 Jul 2013 Number of Jobs 90,486 106,807 4,167,828 183,849 49,949 43,580 182,090 147,951 111,457 230,039 Jun 2013 – Jul 2013 Growth compared to Illinois + + + + + Growth Rate % 0.23 0.64 0.27 -0.29 -0.56 -0.06 0.00 -0.15 -0.06 0.22 0.11 release 08/29/2013 Number Of Jobs 205 684 11,297 -539 -283 -27 -4 -229 -69 511 6,600 Last 12 months Growth Rate % Number of Jobs -0.51 2.40 1.74 0.19 -3.97 0.57 -2.02 -0.54 -0.10 -0.73 0.97 -463 2,504 71,391 341 -2,063 248 -3,755 -806 -108 -1,684 55,500 www.real.illinois.edu page 2 MSA League Tables*: Non-farm Employment Growth Rate Monthly growth: Rank Jun 2013 Jul 2013 Rank Change** 1 Champaign-Urbana-Rantoul(3.9%) Davenport-Rock Island-Moline(0.64%) 1 (+1) 2 Davenport-Rock Island-Moline(0.49%) Chicago (0.27%) 2 (+1) 3 Chicago (0.14%) Bloomington-Normal (0.23%) 3 (+6) 4 Springfield (-0.04%) Champaign-Urbana-Rantoul (0.22%) 4 (-3) 5 Rockford (-0.06%) Peoria (0%) 5 (+1) 6 Peoria (-0.15%) Metro-East (-0.06%) 6 (+1) 7 Metro-East (-0.16%) Decatur (-0.06%) 7 (+1) 8 Decatur (-0.55%) Rockford (-0.15%) 8 (-3) 9 Bloomington-Normal (-0.61%) Kankakee(-0.29%) 9 (+1) 10 Kankakee (-1.35%) Springfield (-0.56%) 10 (-6) Jun 2013 Jul 2013 Rank Change** Champaign-Urbana-Rantoul (1.85%) Rockford (2.4%) 1 (+2) Chicago (1.52%) Kankakee (1.74%) 2 (+4) Rockford (0.78%) Bloomington-Normal (0.57%) 3 (+5) 4 Davenport-Rock Island-Moline (0.14%) Davenport-Rock Island-Moline (0.19%) 4 (+0) 5 Springfield (-0.1%) Champaign-Urbana-Rantoul (-0.1%) 5 (-4) 6 Kankakee (-0.16%) Chicago (-0.51%) 6 (-4) Metro-East (-0.92%) Peoria (-0.54%) 7 (+2) Bloomington-Normal (-1.4%) Decatur (-0.73%) 8 (+2) Peoria (-1.89%) Metro-East (-2.02%) 9 (-2) Decatur (-4.31%) Springfield (-3.97%) 10 (-5) Growth over last 12-months: Rank 1 2 3 7 8 9 10 Talking Points MSA League Tables Springfield (4th to 10th) experienced the deepest fall this month. Champaign-Urbana-Rantoul (1st to 4th) and Rockford (5th to 8th) dropped in terms of rank from last month. The most remarkable upward move in Jul was recorded for Bloomington-Normal (9th to 3rd). Davenport-Rock Island-Moline (2nd to 1st), Chicago (3th to 2nd), Peoria (6th to 5th), Metro-East (7th to 6th), Decatur (8th to 7th) and Kankakee (10th to 9th) also gained in terms of rank from last month. In the 12 months growth league table, upward moves were recorded for Rockford (3th to 1st), Kankakee (6th to 4th), Bloomington-Normal (8th to 3rd), Peoria (9th to 7th) and Decatur (10th to 8th). Downward moves were recorded for Champaign-Urbana-Rantoul (1st to 5th), Chicago (2nd to 4rd), MetroEast (7th to 9th) and Springfield (5th to 10th). Davenport-Rock Island-Moline remained in the same place. In the 12 months growth league table, Springfield is in the last place and Rockford 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 08/29/2013 www.real.illinois.edu page 3 Jun 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) 2.7 4.3 13.3 0.8 13 18.3 10.4 10.5 (3%) (4.9%) (15%) (0.9%) (14.7%) (20.7%) (11.7%) (11.9%) 3.9 8 17.4 2.2 4.4 8.8 13.4 11.4 Champaign-Urbana (3.8%) (7.7%) (16.8%) (2.1%) (4.3%) (8.5%) (13%) (11%) 139 379.3 831.4 80.4 287.6 758.8 616.8 408.7 Chicago (3.3%) (9%) (19.8%) (1.9%) (6.9%) (18.1%) (14.7%) (9.8%) 9.2 24.8 39.5 2.4 8.2 24.5 25.9 18.9 Davenport-Rock Island-Moline (4.9%) (13.3%) (21.2%) (1.3%) (4.4%) (13.2%) (13.9%) (10.2%) 3.4 9.3 10.5 0.7 1.9 3.3 8.6 4.7 Decatur (6.8%) (18.6%) (21%) (1.4%) (3.8%) (6.6%) (17.2%) (9.4%) 1.2 5.5 9.8 0.4 2.1 3.5 8.8 4.1 Kankakee (2.8%) (12.6%) (22.5%) (0.9%) (4.8%) (8%) (20.2%) (9.4%) 8.2 27.3 34.7 2.5 7.5 22 34.2 18 Peoria (4.5%) (15%) (19%) (1.4%) (4.1%) (12.1%) (18.7%) (9.9%) 4 32.5 27.7 1.6 5.4 15.6 24.1 13.8 Rockford (2.7%) (21.9%) (18.6%) (1.1%) (3.6%) (10.5%) (16.2%) (9.3%) 4.1 3 17.2 1.4 7.7 11.7 20 10.4 Springfield (3.7%) (2.7%) (15.5%) (1.3%) (6.9%) (10.5%) (18%) (9.4%) 188.9 577.1 1171.8 99.1 373.8 889.8 875.1 540.9 IL (3.3%) (9.9%) (20.2%) (1.7%) (6.4%) (15.3%) (15.1%) (9.3%) * The Illinois Department of Employment Security does not collect sector employment data for Metro-East BloomingtonNormal 3.5 (4%) 3.3 (3.2%) 183.1 (4.4%) 7.4 (4%) 2.3 (4.6%) 1.7 (3.9%) 8.2 (4.5%) 8.8 (5.9%) 6.6 (5.9%) 253.2 (4.4%) Government (GOV) 11.8 (13.3%) 30.6 (29.6%) 505.1 (12.1%) 25.1 (13.5%) 5.4 (10.8%) 6.4 (14.7%) 19.9 (10.9%) 15.2 (10.2%) 29 (26.1%) 823.7 (14.2%) Total non-farm Employment growth rate Jan 1990 – Jul 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. 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 08/29/2013 www.real.illinois.edu page 4 Employment Forecast for MSAs Sector with Lowest Growth Rate (p) Number of Jobs * Growth Rate % Growth Sector with Highest Growth Rate (p) -385 ~ -74 -0.43%~ -0.08% - LEI (2.21%) INF (-8.64%) 106780 -27~199 -0.03%~0.19% - PRO (1.25%) MAN (-2.93%) 4167800 4238500 70700~102700 1.70%~2.46% + PRO (4.44%) MAN (-1.75%) Davenport-Rock Island-Moline 183850 183200 -631~-171 -0.34%~ -0.09% - OTH (2.75%) INF (-5.12%) Decatur 49900 48900 -1000~ -503 -2.1%~-1.01% - PRO (4.83%) MAN (-6.23%) Kankakee 43600 43400 -209~136 -0.48%~0.31% - OTH (1.12%) FIN (-3.26%) Peoria 182100 180,900 -1191~269 -0.65 %~0.15% - GOV (1.92%) PRO (-5.36%) Rockford 148000 147100 -870~ -890 -0.60%~-0.59% - PRO (1.75%) CON (-15.0%) Springfield 111500 111600 180~270 0.16%~0.25% + PRO (3.67%) INF (-12.2%) Jul 2013* Jul 2014 (p)* 90500 90100 106800 Chicago MSAs BloomingtonNormal Champaign-UrbanaRantoul *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 85000 2012 1990 Year Number of Jobs (in thousands) 4400000 Total Non-farm Employment Forecast Chicago (CHI) 1992 1994 Number of Jobs (in thousands) 195000 1996 1998 2000 2002 2004 2006 2008 2010 2012 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 1990 1992 1994 1996 Year Illinois Jobs Index: MSA REPORT 1998 2000 2002 2004 2006 2008 2010 2012 Year release 08/29/2013 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 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 2000 2002 2004 2006 2008 2010 2012 Year Number of Jobs (in thousands) 120000 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 Year Illinois Jobs Index: MSA REPORT release 08/29/2013 www.real.illinois.edu page 6