IllinoisJob Index: MSA Report Release data Issue May 31/2013 Jan 1990 / Apr 2013 16.06 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 April 2013 Nation Rest of Midwest (RMW) Illinois Illinois Metro Illinois non-Metro (Rural) Illinois Chicago (Upstate) Illinois non-Chicago Apr 2012 Number of Jobs 135,474,000 19,160,500 5,773,600 5,277,100 496,500 4,132,600 1,641,000 Mar 2013 – Apr 2013 Growth Rate (%) 0.12 -0.02 -0.07 -0.06 -0.10 0.02 -0.29 Number of Jobs 165,000 -4,500 -3,900 -3,400 -500 900 -4,800 Last 12 months Growth Rate (%) 1.56 0.54 0.67 0.64 0.94 1.04 -0.26 Number of Jobs 2,077,000 103,700 38,400 33,700 4,600 42,700 -4,300 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 shed 3,900 jobs in Apr 2013, compared with a revised 16,500 job loss in Mar 2013. Compared to Apr 2012, Illinois has added 38,400 jobs. The three-month moving average of jobs, a more stable measure of labor market, was up by 1,500 jobs per month. Illinois has lost 214,300 jobs since the economic crisis developed in December 2007. Since January 2010 when Illinois employment resumed after the national recession, Illinois has added 189,400 new jobs. The major geographic divisions, Chicago-Downstate had negative performance while Metro-Rural had mixed performance. Illinois Rural area shed 500 jobs at -0.10% this month, compared to a revised 9,300 job loss in Mar. At the same time, Metro shed 3,400 jobs at -0.06% this month, compared to a revised 7,200 job loss in the previous month. Chicago added 900 jobs at 0.02% in Apr 2013, compared to a revised 3,100 job loss last month. Meanwhile, Downstate shed 4,800 jobs at -0.29%, compared to a revised 13,400 job loss in Mar. In terms of the 12-month aggregated account, Metro registered a positive 0.64% growth by adding 33,700 jobs whereas Rural added 4,600 jobs at 0.94%. Chicago added 42,700 jobs at 1.04% whereas Downstate shed 4,300 jobs at -0.26%. Through Apr 2013, the cumulative job growth for Metro, Rural, Chicago and Downstate compared to January 1990 stood at 10.16%, 3.92%, 9.98% and 8.63% respectively. Illinois Metro shed 3,400 jobs at -0.04% in Apr of 2013. Two 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 11.78% which is the highest among all the IL MSAs; Champaign-Urbana-Rantoul has experienced the lowest average growth rate -10.24%. In terms of growth performance, four MSAs posted a net improvement from Mar to Apr, four declined in terms of rank. Kankakee remained in the last place in terms of monthly growth performance, while Metro-East climbed up to the first place. Over the last 12-month period, Rockford reached the first place while Decatur remained in the last place. Illinois Jobs Index: MSA REPORT release 05/31/2013 www.real.illinois.edu page 1 Total non-farm Employment growth Jan 1990 – Apr 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 Apr 2013 is -0.06%. 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 -0.06% while for Rural it is -0.04%. The same rate for Upstate it is -0.06% while for Downstate is -0.06%. Over the last 12-month period, the average growth rate for Metro was 0.05% and for Rural it was 0.09(?)%. 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 0.00%, for the RMW is 0.04% while for the nation is 0.15%. Downstate registered a -0.32% 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 Apr 2013 Number of Jobs 89,400 105,400 4,132,600 182,500 50,400 44,000 182,300 148,600 111,400 230,500 Mar 2013 – Apr 2013 Growth compared to Illinois + + Last 12 months Growth Rate % Number Of Jobs Growth Rate % Number of Jobs -0.28 -0.23 0.02 -0.83 -0.54 -0.95 -0.60 -0.43 -0.43 0.29 -0.07 -300 -200 900 -1,500 -300 -400 -1,100 -600 -500 700 -3,900 -2.02 1.09 1.04 -0.29 -5.66 0.62 -1.42 1.12 -0.99 -1.24 0.67 -1,800 1,100 42,700 -500 -3,000 300 -2,600 1,700 -1,100 -2,900 38,400 release 05/31/2013 www.real.illinois.edu page 2 MSA League Tables*: Non-farm Employment Growth Rate Monthly growth: Rank Mar 2013 Apr 2013 Rank Change** 1 Kankakee (0.28%) Metro-East (0.29%) 1 (+3) 2 Chicago (-0.08%) Chicago (0.02%) 2 (+0) 3 Bloomington-Normal (-0.19%) Champaign-Urbana-Rantoul (-0.23%) 3 (+4) 4 Metro-East (-0.2%) Bloomington-Normal (-0.28%) 4 (-1) 5 Rockford (-0.27%) Springfield (-0.43%) 5 (+3) 6 Peoria (-0.32%) Rockford (-0.43%) 6 (-1) 7 Champaign-Urbana-Rantoul (-0.41%) Decatur (-0.54%) 7 (+3) 8 Springfield (-0.52%) Peoria (-0.6%) 8 (-2) 9 Davenport-Rock Island-Moline (-0.64%) Davenport-Rock Island-Moline (-0.83%) 9 (+0) 10 Decatur (-0.7%) Kankakee (-0.95%) 10 (-9) Growth over last 12-months: Rank Mar 2013 Apr 2013 Rank Change** 1 Rockford (1.87%) Rockford (1.12%) 1 (+0) 2 Kankakee (1.18%) Champaign-Urbana-Rantoul (1.09%) 2 (+2) 3 Chicago (1.1%) Chicago (1.04%) 3 (+0) 4 Champaign-Urbana-Rantoul (1.06%) Kankakee (0.62%) 4 (-2) 5 Davenport-Rock Island-Moline (0.11%) Davenport-Rock Island-Moline (-0.29%) 5 (+0) 6 Springfield (-0.68%) Springfield (-0.99%) 6 (+0) 7 Peoria (-0.89%) Metro-East (-1.24%) 7 (+1) 8 Metro-East (-1.2%) Peoria (-1.42%) 8 (-1) 9 Bloomington-Normal (-1.4%) Bloomington-Normal (-2.02%) 9 (+0) 10 Decatur (-4.87%) Decatur (-5.66%) 10 (+0) Talking Points MSA League Tables Kankakee (1st to 10th) experienced the deepest fall this month. Bloomington-Normal (3rd to 4th), Rockford (5th to 6th) and Peoria (6th to 8th) dropped in terms of rank from last month. The most remarkable upward move in April was recorded for Champaign-Urbana-Rantoul (7th to 3rd). Metro-East (4th to 1st), Springfield (8th to 5th) and Decatur (10th to 7th) also gained in terms of rank from last month. In the 12 months growth league table, upward moves were recorded for Champaign-Urbana-Rantoul (4th to 2nd), Metro-East (8th to 7th). Downward moves were recorded for Kankakee (2nd to 4th) and Peoria (7th to 8th). Rockford, Chicago, Davenport-Rock Island-Moline, Springfield, Bloomington-Normal and Decatur remained in the same place. Decatur remained 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 05/31/2013 www.real.illinois.edu page 3 Apr 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) 2.29 4.28 13.13 0.8 12.95 17.86 10.55 10.31 (2.6%) (4.8%) (14.7%) (0.9%) (14.5%) (20%) (11.8%) (11.5%) 3.3 7.96 17.27 2.09 4.44 8.45 13.49 10.69 Champaign-Urbana (3.1%) (7.5%) (16.4%) (2%) (4.2%) (8%) (12.8%) (10.1%) 120.68 379.84 824.5 79.79 282.94 727.15 631.09 387.18 Chicago (2.9%) (9.2%) (20%) (1.9%) (6.8%) (17.6%) (15.3%) (9.4%) 7.6 24.54 38.65 2.39 8.03 23.37 26.2 18.18 Davenport-Rock Island-Moline (4.2%) (13.4%) (21.2%) (1.3%) (4.4%) (12.8%) (14.4%) (10%) 3.1 9.73 10.51 0.7 1.93 3.24 8.59 4.84 Decatur (6.1%) (19.3%) (20.8%) (1.4%) (3.8%) (6.4%) (17%) (9.6%) 1.15 5.34 9.82 0.4 2.14 3.35 9.11 3.99 Kankakee (2.6%) (12.1%) (22.3%) (0.9%) (4.9%) (7.6%) (20.7%) (9.1%) 7.2 27.44 34.68 2.53 7.44 22.73 34.07 17.27 Peoria (4%) (15.1%) (19%) (1.4%) (4.1%) (12.5%) (18.7%) (9.5%) 3.75 32.58 27.73 1.57 5.4 15.35 24.24 13.25 Rockford (2.5%) (21.9%) (18.7%) (1.1%) (3.6%) (10.3%) (16.3%) (8.9%) 3.68 3.05 16.96 1.41 7.62 11.61 20 9.88 Springfield (3.3%) (2.7%) (15.2%) (1.3%) (6.8%) (10.4%) (18%) (8.9%) 177 582.39 1158.25 99.69 372.08 871.1 882.69 534.28 IL (3.1%) (10.1%) (20.1%) (1.7%) (6.4%) (15.1%) (15.3%) (9.3%) * The Illinois Department of Employment Security does not collect sector employment data for Metro-East BloomingtonNormal 3.51 (3.9%) 3.2 (3%) 180.49 (4.4%) 7.43 (4.1%) 2.39 (4.7%) 1.7 (3.9%) 8.19 (4.5%) 8.71 (5.9%) 6.53 (5.9%) 254.78 (4.4%) Government (GOV) 13.96 (15.6%) 34.66 (32.9%) 513.39 (12.4%) 25.99 (14.2%) 5.45 (10.8%) 6.96 (15.8%) 20.86 (11.4%) 16.07 (10.8%) 30.75 (27.6%) 828.71 (14.4%) Total non-farm Employment growth rate Jan 1990 – Apr 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 05/31/2013 www.real.illinois.edu page 4 Employment Forecast for MSAs MSAs Apr 2013* Apr 2014 (p)* 89,400 BloomingtonNormal Champaign-UrbanaRantoul Sector with Highest Growth Rate (p) Sector with Lowest Growth Rate (p) Number of Jobs * Growth Rate % Growth 88,600 -800~-100 -0.92%~-0.17% - GOV (0.9%) INF (-9.6%) 105,400 105,100 -300~500 -0.30%~0.49% - INF (4.0%) MAN (-4.3%) Chicago 4,132,600 4,152,000 8,700~19,500 0.21%~0.47% + EDU (2.2%) MAN (-1.1%) Davenport-Rock Island-Moline 182,500 182,200 -300~200 -0.16%~0.13% - CON (1.4%) INF (-5.4%) Decatur 50,400 50,400 0~200 0.00%~0.33% + PRO (3.6%) INF (-3.6%) Kankakee 44,000 44,400 500~600 1.07%~1.38% + EDU (3.1%) TTU (-0.8%) Peoria 182,300 183,400 1,100~1,200 0.62%~0.65% + PRO (3.1%) MAN (-0.4%) Rockford 148,600 148,600 0~800 -0.02%~0.56% - PRO (2.4%) CON (-8.3%) Springfield 111,400 111,600 300~700 0.25%~0.59% + PRO (3.7%) INF (-10.3%) *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 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 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 150000 2012 Year Illinois Jobs Index: MSA REPORT 1990 1992 1994 release 05/31/2013 1996 1998 2000 2002 2004 2006 2008 Year www.real.illinois.edu page 5 Number of Jobs (in thousands) 62000 Number of Jobs (in thousands) 46000 Total Non-farm Employment Forecast Decatur (DE) 60000 Total Non-farm Employment Forecast Kankakee (KA) 44000 58000 42000 56000 40000 54000 38000 52000 36000 50000 34000 48000 32000 46000 30000 44000 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 1990 2012 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 2014 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 Year Number of Jobs (in thousands) 120000 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 05/31/2013 www.real.illinois.edu page 6