IllinoisJob Index: MSA Report Release data Issue 05/06/2013 Jan 1990 / Mar 2013 16.04 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 Mar 2012 Number of Jobs 135,195,000 19,157,900 5,776,200 5,280,500 495,700 4,131,700 1,644,500 Feb 2013 – Mar 2013 Growth Rate (%) 0.07 -0.32 -0.31 -0.14 -2.09 -0.08 -0.88 Number of Jobs 88,000 -62,000 -17,800 -7,200 -10,600 -3,100 -14,700 Last 12 months Growth Rate (%) 1.43 0.52 0.64 0.78 -0.81 1.10 -0.52 Number of Jobs 1,910,000 99,800 36,600 40,600 -4,000 45,100 -8,500 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 -17,800 jobs in Mar 2013, compared with a revised 15,300 job gains in Feb 2013. Compared to Mar 2012, Illinois has added 36,600 jobs. The three-month moving average of jobs, a more stable measure of labor market, was up by 1,100 jobs per month. Illinois has lost 211,700 jobs since the economic crisis developed in December 2007. Since January 2010 when Illinois employment resumed after the national recession, Illinois has added 192,000 new jobs. The major geographic divisions, Chicago-Downstate and Metro-Rural had negative performance. Illinois Rural area shed 10,600 jobs at -2.09% this month, compared to a revised 8,800 job gains in Feb. At the same time, Metro shed 7,200 jobs at -0.14% this month, compared to a revised 6,500 job loss in the previous month. Chicago shed 3,100 jobs at -0.08% in Mar 2013, compared to a revised 5,300 job gain last month. Meanwhile, Downstate shed 14,700 jobs at -0.88%, compared to a revised 10,000 job gains in Feb. In terms of the 12-month aggregated account, Metro registered a positive 0.78% growth by adding 40,600 jobs whereas Rural shed 7,000 jobs at -0.81%. Chicago added 45,100 jobs at 1.10% whereas Downstate shed 8,500 jobs at -0.52%. Through Mar 2013, the cumulative job growth for Metro, Rural, Chicago and Downstate compared to January 1990 stood at 10.38%, 5.97%, 10.04% and 9.83% respectively. Illinois Metro shed -7,200 jobs at -0.14% in Mar of 2013. One 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 14.85% which is the highest among all the IL MSAs; Champaign-Urbana-Rantoul has experienced the lowest average growth rate -9.09%. In terms of growth performance, five MSAs posted a net improvement from Feb to Mar, three declined in terms of rank. Decatur remained in the last place in terms of monthly growth performance, while Kankakee 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 05/06/2013 www.real.illinois.edu page 1 Total non-farm Employment growth Jan 1990 – Mar 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 Mar 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 0.06% and for Rural it was -0.06%. 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 0.02%, for the RMW is 0.05% while for the nation is 0.12%. Downstate registered a -0.36% 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 Mar 2013 Number of Jobs 89,700 105,700 4,131,700 184,000 50,700 44,400 183,400 149,300 111,800 229,800 Feb 2013 – Mar 2013 Growth compared to Illinois + + + + + Growth Rate % -0.19 -0.41 -0.08 -0.64 -0.70 0.28 -0.32 -0.27 -0.52 -0.20 -0.31 release 05/06/2013 Number Of Jobs -200 -400 -3,100 -1,200 -400 100 -600 -400 -600 -500 -17,800 Last 12 months Growth Rate % Number of Jobs -1.40 1.06 1.10 0.11 -4.87 1.18 -0.89 1.87 -0.68 -1.20 0.64 -1,300 1,100 45,100 200 -2,600 500 -1,600 2,700 -800 -2,800 36,600 www.real.illinois.edu page 2 MSA League Tables*: Non-farm Employment Growth Rate Monthly growth: Rank Feb 2013 Mar 2013 Rank Change** 1 Decatur (0.98%) Kankakee (0.28%) 1 (+4) 2 Davenport-Rock Island-Moline (0.63%) Chicago (-0.08%) 2 (+5) 3 Peoria (0.59%) Bloomington-Normal (-0.19%) 3 (+7) 4 Metro-East (0.54%) Metro-East (-0.2%) 4 (+0) 5 Kankakee (0.36%) Rockford (-0.27%) 5 (+1) 6 Rockford (0.26%) Peoria (-0.32%) 6 (-3) 7 Chicago (0.13%) Champaign-Urbana-Rantoul (-0.41%) 7 (+2) 8 Springfield (0.13%) Springfield (-0.52%) 8 (+0) 9 Champaign-Urbana-Rantoul (-1.52%) Davenport-Rock Island-Moline (-0.64%) 9 (-7) 10 Bloomington-Normal (-1.93%) Decatur (-0.7%) 10 (-9) Growth over last 12-months: Rank Feb 2013 Mar 2013 Rank Change** 1 Rockford (2.24%) Rockford (1.87%) 1 (+0) 2 Champaign-Urbana-Rantoul (1.74%) Kankakee (1.18%) 2 (+3) 3 Davenport-Rock Island-Moline (1.51%) Chicago (1.1%) 3 (+1) 4 Chicago (1.48%) Champaign-Urbana-Rantoul (1.06%) 4 (-2) 5 Kankakee (0.96%) Davenport-Rock Island-Moline (0.11%) 5 (-2) 6 Peoria (-0.13%) Springfield (-0.68%) 6 (+1) 7 Springfield (-0.33%) Peoria (-0.89%) 7 (-1) 8 Metro-East (-1.15%) Metro-East (-1.2%) 8 (+0) 9 Bloomington-Normal (-1.17%) Bloomington-Normal (-1.4%) 9 (+0) 10 Decatur (-4.37%) Decatur (-4.87%) 10 (+0) Talking Points MSA League Tables Decatur (1st to 10th) experienced the deepest fall this month. Davenport-Rock Island-Moline (2nd to 9th) and Peoria (3rd to 6th) dropped in terms of rank from last month. The most remarkable upward move in March was recorded for Bloomington-Normal (10th to 3rd). Champaign-Urbana-Rantoul (9th to 7th), Rockford (6th to 5th), Chicago (7th to 2nd) and Kankakee (5th to 1st) also gained in terms of rank from last month. Springfield and Metro-East remained in the same place. In the 12 months growth league table, upward moves were recorded for Springfield (7th to 6th), Chicago (4th to 3rd) and Kankakee (5th to 2nd). In the 12 months growth league table, downward moves were recorded for Champaign-Urbana-Rantoul (2nd to 4th), Davenport-Rock Island-Moline (4th to 5th) and Peoria (6th to 7th). Decatur, Bloomington-Normal, Metro-East and Rockford remained in the same place. Decatur remained in the last place while 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. Shaded area on above chart represents Illinois growth. Illinois Jobs Index: MSA REPORT release 05/06/2013 www.real.illinois.edu page 3 Mar 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) 2.26 4.35 13.29 0.8 13.03 17.56 10.52 10.31 (2.5%) (4.8%) (14.8%) (0.9%) (14.5%) (19.6%) (11.7%) (11.5%) 3.37 7.98 17.47 1.99 4.42 8.45 13.49 10.77 Champaign-Urbana (3.2%) (7.6%) (16.5%) (1.9%) (4.2%) (8%) (12.8%) (10.2%) 125.55 380.8 826.7 80.34 282.33 723.29 627.27 388.29 Chicago (3%) (9.2%) (20%) (1.9%) (6.8%) (17.5%) (15.2%) (9.4%) 8.2 24.64 38.81 2.39 8.08 23.28 26.24 18.53 Davenport-Rock Island-Moline (4.5%) (13.4%) (21.1%) (1.3%) (4.4%) (12.6%) (14.3%) (10.1%) 3.2 9.76 10.54 0.7 1.94 3.23 8.65 4.89 Decatur (6.3%) (19.3%) (20.8%) (1.4%) (3.8%) (6.4%) (17.1%) (9.6%) 1.16 5.39 9.88 0.4 2.13 3.44 9.33 4.05 Kankakee (2.6%) (12.1%) (22.3%) (0.9%) (4.8%) (7.8%) (21%) (9.1%) 7.58 27.65 34.93 2.53 7.42 23 34.01 17.2 Peoria (4.1%) (15.1%) (19%) (1.4%) (4%) (12.5%) (18.5%) (9.4%) 3.77 32.55 27.86 1.58 5.36 15.56 24.34 13.35 Rockford (2.5%) (21.8%) (18.7%) (1.1%) (3.6%) (10.4%) (16.3%) (8.9%) 3.77 3.01 17.09 1.39 7.62 11.56 19.98 9.91 Springfield (3.4%) (2.7%) (15.3%) (1.2%) (6.8%) (10.3%) (17.9%) (8.9%) 184.04 582.94 1159.47 99.89 371.71 868.87 879.05 536.6 IL (3.2%) (10.1%) (20.1%) (1.7%) (6.4%) (15%) (15.2%) (9.3%) * The Illinois Department of Employment Security does not collect sector employment data for Metro-East BloomingtonNormal Government (GOV) 3.51 (3.9%) 3.28 (3.1%) 180.46 (4.4%) 7.47 (4.1%) 2.43 (4.8%) 1.61 (3.6%) 8.2 (4.5%) 8.71 (5.8%) 6.56 (5.9%) 253.78 (4.4%) 14.08 (15.7%) 34.68 (32.8%) 514.2 (12.4%) 26.41 (14.3%) 5.4 (10.6%) 7.01 (15.8%) 20.85 (11.4%) 16.13 (10.8%) 30.9 (27.6%) 830.75 (14.4%) Total non-farm Employment growth rate Jan 1990 – Mar 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 05/06/2013 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) 90,200 500~700 0.56%~-0.81% + GOV (4.3%) INF (-8.1%) 105,700 105,500 -200~600 -0.13%~-0.57% - INF (10.3%) MAN (-4.1%) Chicago 4,131,700 4,163,800 25,800~32,100 0.62%~0.78% + INF (2.4%) TTU (-1.6%) Davenport-Rock Island-Moline 184,000 184,800 800~-1,300 0.40%~-0.72% + PRO (2.0%) INF (-5.3%) Decatur 50,700 50,900 200~300 0.46%~0.73% + MAN (4.1%) ING (-3.0%) Kankakee 44,400 44,400 0~200 0.00%~0.45% + OTH (5.6%) LEI (-1.9%) Peoria 183,400 185,100 1,100~1,700 0.60%~0.93% + PRO (3.1%) CON (-1.6%) Rockford 149,300 150,800 1,200~1,500 0.80%~1.00% + PRO (3.5%) CON (-10.1%) Springfield 111,800 112,000 -200~200 -0.18%~0.18% - PRO (3.0%) INF (-12.5%) MSAs Mar 2013* Mar 2014 (p)* 89,700 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 Number of Jobs (in thousands) 4400000 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014 Year 85000 1990 1992 1994 Number of Jobs (in thousands) 195000 Total Non-farm Employment Forecast Chicago (CHI) 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 1990 1992 1994 1996 1998 2000 2002 2004 Illinois Jobs Index: MSA REPORT 2006 2008 2010 2012 2014 Year 150000 1990 1992 1994 release 05/06/2013 1996 1998 2000 2002 2004 2006 2008 www.real.illinois.edu 2010 2012 2014 Year page 5 Number of Jobs (in thousands) 62000 Total Non-farm Employment Forecast Decatur (DE) Number of Jobs (in thousands) 46000 60000 Total Non-farm Employment Forecast Kankakee (KA) 44000 58000 42000 56000 40000 54000 38000 52000 36000 50000 48000 34000 46000 32000 44000 1990 1992 1994 Number of Jobs (in thousands) 200000 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014 Year 30000 1990 1992 1994 Number of Jobs (in thousands) 170000 Total Non-farm Employment Forecast Peoria (PE) 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014 Year 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 Number of Jobs (in thousands) 120000 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014 Year 2008 2010 2012 2014 Year 1990 1992 1994 1996 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 Illinois Jobs Index: MSA REPORT 2006 release 05/06/2013 www.real.illinois.edu page 6