IllinoisJob Index: MSA Report Release data Issue Jul 1/2013 Jan 1990 / May 2013 16.07 Note: IDES revised their estimates for the number of jobs at the beginning of 2012. 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. Total non-farm employment Jun 2013 Nation Rest of Midwest (RMW) Illinois Illinois Metro Illinois non-Metro (Rural) Illinois Chicago (Upstate) Illinois non-Chicago May 2013 Number of Jobs 135,637,000 19,235,500 5,781,200 5,289,500 491,700 4,143,900 1,637,300 Apr 2013 – May 2013 Growth Rate (%) 0.13 0.41 0.10 0.21 -1.15 0.26 -0.31 Number of Jobs 175,000 78,000 5,600 11,300 -5,700 10,700 -5,100 Last 12 months Growth Rate (%) 1.58 0.92 0.86 1.08 -1.47 1.55 -0.85 Number of Jobs 2,115,000 176,100 49,100 56,400 -7,300 63,100 -14,000 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 5,600 jobs in May 2013, compared with a revised 1,900 job loss in Apr 2013. Compared to May 2012, Illinois has added 49,100 jobs. The three-month moving average of jobs, a more stable measure of labor market, was down by 4,300 jobs per month. Illinois has lost 206,700 jobs since the economic crisis developed in December 2007. Since January 2010 when Illinois employment resumed after the national recession, Illinois has added 197,000 new jobs. The major geographic divisions, Chicago-Downstate and Metro-Rural both had mixed performance. Illinois Rural area shed 5,700 jobs at -1.15% this month, compared to a revised 900 job gains in Apr. At the same time, Metro added 11,300 jobs at 0.21% this month, compared to a revised 2,800 job loss in the previous month. Chicago added 10,700 jobs at 0.26% in May 2013, compared to a revised 300 job gains last month. Meanwhile, Downstate shed 5,100 jobs at -0.31%, compared to a revised 2,200 job loss in Apr. In terms of the 12-month aggregated account, Metro registered a positive 1.08% growth by adding 56,400 jobs whereas Rural shed 7,300 jobs at -1.47%. Chicago added 63,100 jobs at 1.55% whereas Downstate shed 14,000 jobs at -0.85%. Through May 2013, the cumulative job growth for Metro, Rural, Chicago and Downstate compared to January 1990 stood at 10.42%, 2.92%, 10.28% and 8.39% respectively. Illinois Metro added 11,300 jobs at 0.21% in May of 2013. Five out of the ten MSAs posted positive growth. Since the job recovery resumes in Jan 2010 in the IL state, MSA Peoria has shown an average growth rate of 11.06% which is the highest among all the IL MSAs; Champaign-Urbana-Rantoul has experienced the lowest average growth rate -10.28%. In terms of growth performance, four MSAs posted a net improvement from Apr to May, four declined in terms of rank. Rockford remained in the last place in terms of monthly growth performance, while Bloomington-Normal climbed up to the first place. Over the last 12-month period, Chicago reached the first place while Decatur remained in the last place. Illinois Jobs Index: MSA REPORT release 07/01/2013 www.real.illinois.edu page 1 Total non-farm Employment growth Jan 1990 – May 2013 130.0 125.0 120.0 115.0 110.0 105.0 100.0 95.0 90.0 US (1) RMW (2) IL (3) IL_NonChicago (4) Metro (5) Rural (6) 85.0 199019911992199319941995199619971998199920002001200220032004200520062007200820092010201120122013 Talking Points State, Downstate & Metro While the average growth for Illinois between 1990 and 2008 was 0.04%, the average from December 2007 to May 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 -0.05% while for Rural it is -0.05%. The same rate for Upstate it is -0.05% 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 -0.1%. 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 0.03%, for the RMW is -0.08% while for the nation is 0.14%. Downstate registered a -0.29% 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 May 2013 Number of Jobs 90,600 105,400 4,143,900 183,400 50,500 44,100 181,900 148,100 111,800 229,800 Apr 2013 – May 2013 Growth compared to Illinois + + + + + - Growth Rate % 1.21 -0.10 0.26 0.54 -0.11 0.15 -0.20 -0.30 0.10 -0.30 0.10 release 07/01/2013 Number Of Jobs 1,100 -100 10,700 1,000 -50 70 -400 -500 100 -700 5,600 Last 12 months Growth Rate % Number of Jobs -0.87 1.19 1.55 0.16 -4.70 0.73 -1.86 0.96 -0.35 -1.19 0.86 -800 1,200 63,100 300 -2,500 300 -3,500 1,400 -400 -2,800 49,100 www.real.illinois.edu page 2 MSA League Tables*: Non-farm Employment Growth Rate Monthly growth: Rank Apr 2013 May 2013 Rank Change** 1 Metro-East (0.27%) Bloomington-Normal (1.21%) 1 (+1) 2 Bloomington-Normal (0.11%) Davenport-Rock Island-Moline (0.54%) 2 (+7) 3 Chicago (0.01%) Chicago (0.26%) 3 (+0) 4 Champaign-Urbana-Rantoul (-0.19%) Kankakee (0.15%) 4 (+6) 5 Decatur (-0.22%) Springfield (0.1%) 5 (+1) 6 Springfield (-0.26%) Champaign-Urbana-Rantoul (-0.1%) 6 (-2) 7 Rockford (-0.39%) Decatur (-0.11%) 7 (-2) 8 Peoria (-0.57%) Peoria (-0.2%) 8 (+0) 9 Davenport-Rock Island-Moline (-0.69%) Metro-East (-0.3%) 9 (-8) 10 Kankakee (-0.76%) Rockford (-0.3%) 10 (-3) Growth over last 12-months: Rank Apr 2013 May 2013 Rank Change** 1 Champaign-Urbana-Rantoul (1.16%) Chicago (1.55%) 1 (+1) 2 Chicago (1.15%) Champaign-Urbana-Rantoul (1.19%) 2 (-1) 3 Rockford (1.13%) Rockford (0.96%) 3 (+0) 4 Kankakee (0.95%) Kankakee (0.73%) 4 (+0) 5 Davenport-Rock Island-Moline (-0.33%) Davenport-Rock Island-Moline (0.16%) 5 (+0) 6 Springfield (-0.68%) Springfield (-0.35%) 6 (+0) 7 Metro-East (-1.05%) Bloomington-Normal (-0.87%) 7 (+2) 8 Peoria (-1.37%) Metro-East (-1.19%) 8 (-1) 9 Bloomington-Normal (-1.83%) Peoria (-1.86%) 9 (-1) 10 Decatur (-5.24%) Decatur (-4.7%) 10 (+0) Talking Points MSA League Tables Metro-East (1st to 9th) experienced the deepest fall this month. Champaign-Urbana-Rantoul (4th to 6th), Decatur (5th to 7th) and Rockford (7th to 10th) dropped in terms of rank from last month. The most remarkable upward move in May was recorded for Davenport-Rock Island-Moline (9th to 2nd). Bloomington-Normal (2nd to 1st), Kankakee (10th to 4th) and Springfield (6th to 5th) also gained in terms of rank from last month. In the 12 months growth league table, upward moves were recorded for Chicago (2nd to 1st), BloomingtonNormal (9th to 7th). Downward moves were recorded for Champaign-Urbana-Rantoul (1st to 2nd), Metro-East (7th to 8th) and Peoria (8th to 9th). Rockford, Kankakee, Davenport-Rock Island-Moline, Springfield and Decatur remained in the same place. In the 12 months growth league table, Decatur remained in the last place and Chicago 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 07/01/2013 www.real.illinois.edu page 3 May 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) 2.25 4.28 13.07 0.79 12.97 18.16 10.55 10.53 (2.5%) (4.7%) (14.4%) (0.9%) (14.3%) (20%) (11.6%) (11.6%) 3.27 8.00 17.28 2.12 4.37 8.41 13.46 10.75 Champaign-Urbana (3.1%) (7.6%) (16.4%) (2%) (4.1%) (8%) (12.8%) (10.2%) 123.96 379.5 825.22 80.11 284.5 741.85 630.63 388.17 Chicago (3%) (9.2%) (19.9%) (1.9%) (6.9%) (17.9%) (15.2%) (9.4%) 8.51 24.43 39.04 2.40 8.11 23.08 26.17 18.10 Davenport-Rock Island-Moline (4.6%) (13.3%) (21.3%) (1.3%) (4.4%) (12.6%) (14.3%) (9.9%) 3.05 9.67 10.50 0.70 1.90 3.27 8.63 4.88 Decatur (6%) (19.2%) (20.8%) (1.4%) (3.8%) (6.5%) (17.1%) (9.7%) 1.17 5.41 9.77 0.39 2.14 3.39 9.01 4.01 Kankakee (2.7%) (12.3%) (22.1%) (0.9%) (4.9%) (7.7%) (20.4%) (9.1%) 7.31 27.4 34.56 2.52 7.39 22.54 34.12 17.33 Peoria (4%) (15.1%) (19%) (1.4%) (4.1%) (12.4%) (18.8%) (9.5%) 3.68 32.32 27.82 1.57 5.40 15.42 24.25 13.23 Rockford (2.5%) (21.8%) (18.8%) (1.1%) (3.6%) (10.4%) (16.4%) (8.9%) 3.68 3.05 17.08 1.39 7.60 11.73 20.05 9.87 Springfield (3.3%) (2.7%) (15.3%) (1.2%) (6.8%) (10.5%) (17.9%) (8.8%) 181.5 580.3 1155.6 100.3 372.1 879.7 880 540.5 IL (3.1%) (10%) (20%) (1.7%) (6.4%) (15.2%) (15.2%) (9.3%) * The Illinois Department of Employment Security does not collect sector employment data for Metro-East BloomingtonNormal 3.51 (3.9%) 3.29 (3.1%) 181.16 (4.4%) 7.47 (4.1%) 2.39 (4.7%) 1.69 (3.8%) 8.23 (4.5%) 8.64 (5.8%) 6.63 (5.9%) 255.2 (4.4%) Government (GOV) 14.51 (16%) 34.54 (32.8%) 513.36 (12.4%) 26.22 (14.3%) 5.37 (10.6%) 7.03 (15.9%) 20.63 (11.3%) 16.07 (10.8%) 30.78 (27.5%) 825.7 (14.3%) Total non-farm Employment growth rate Jan 1990 – May 2013 150.0 140.0 130.0 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) 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 07/01/2013 www.real.illinois.edu page 4 Employment Forecast for MSAs MSAs May 2013* May 2014 (p)* 90,600 BloomingtonNormal Champaign-UrbanaRantoul Sector with Highest Growth Rate (p) Sector with Lowest Growth Rate (p) Number of Jobs * Growth Rate % Growth 89,800 -800~-100 -0.91%~-0.07% - PRO (0.4%) INF (-9.3%) 105,400 104,900 -400~-300 -0.40%~-0.26% - INF (3.3%) MAN (-4.1%) Chicago 4,143,900 4,162,000 11,200~18,700 0.27%~0.45% + EDU (2.2%) MAN (-2.3%) Davenport-Rock Island-Moline 183,400 183,200 -100~400 -0.07%~0.23% - EDU (1.9%) INF (-4.7%) Decatur 50,500 50,100 -300~-100 -0.67%~-0.10% - PRO (3.6%) INF (-3.7%) Kankakee 44,100 44,500 300~400 0.76%~0.98% + INF (3.2%) TTU (-1.4%) Peoria 181,900 183,300 1,400~1,600 0.76%~0.86% + PRO (3.9%) TTU (-0.6%) Rockford 148,100 147,200 -900~-300 -0.61%~-0.19% - PRO (1.9%) CON (-10.6%) Springfield 111,800 111,800 0~200 0.00%~0.17% + PRO (3.4%) INF (-13.5%) *Total Non-Farm Jobs Number of Jobs (in thousands) 95000 Total Non-farm Employment Forecast Bloomington (BN) Number of Jobs (in thousands) 120000 90000 115000 85000 110000 80000 105000 75000 100000 70000 95000 65000 90000 60000 1990 1992 1994 1996 1998 2000 2002 2004 2006 Total Non-farm Employment Forecast Champaign-Urbana-Rantoul (CU) 2008 2010 2012 85000 2014 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014 2010 2012 2014 Year Number of Jobs (in thousands) 4400000 Number of Jobs (in thousands) 195000 Total Non-farm Employment Forecast Chicago (CHI) 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 07/01/2013 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 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 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 07/01/2013 www.real.illinois.edu page 6 Illinois Jobs Index: MSA REPORT release 07/01/2013 www.real.illinois.edu page 7