IllinoisJob Index: MSA Report Release data Issue April 02/2012 Jan 1990 / Feb 2012 16.03 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 March 2013 Nation Rest of Midwest (RMW) Illinois Illinois Metro Illinois non-Metro (Rural) Illinois Chicago (Upstate) Illinois non-Chicago Feb 2012 Number of Jobs 135,046,000 19,221,600 5,789,900 5,283,400 506,500 4,130,100 1,659,800 Jan 2012 – Feb 2012 Growth Rate (%) 0.18 0.29 0.21 0.08 1.66 0.07 0.59 Number of Jobs 236,000 55,700 12,400 4,100 8,300 2,700 9,700 Last 12 months Growth Rate (%) 1.48 1.07 1.12 1.10 1.40 1.36 0.53 Number of Jobs 1,966,000 202,700 64,300 57,300 7,000 55,500 8,800 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 12,400 jobs in Feb 2013, compared with a revised 4,600 job gains in Jan 2013. Compared to Feb 2012, Illinois has added 64,300 jobs. The three-month moving average of jobs, a more stable measure of labor market, was up by 3,900 jobs per month. Illinois has lost 198,000 jobs since the economic crisis developed in December 2007. Since January 2010 when Illinois employment resumed after the national recession, Illinois has added 205,700 new jobs. The major geographic divisions, Chicago-Downstate and Metro-Rural all had positive performance. Illinois Rural area added 8,300 jobs at 1.66% this month, compared to a revised 14,200 job losses in Jan. At the same time, Metro added 4,100 jobs at 0.08% this month, compared to a revised 18,800 job gains in the previous month. Chicago added 2,700 jobs at 0.07% in Feb 2013, compared to a revised 17,400 job gains last month. Meanwhile, Downstate added 9,700 jobs at 0.59%, compared to a revised 12,800 job losses in Nov. In terms of the 12-month aggregated account, Metro registered a positive 1.10% growth by adding 57,300 jobs whereas Rural added 7,000 jobs at 1.40%. Chicago added 55,500 jobs at 1.36% whereas Downstate added 8,800 jobs at 0.53%. Through Feb 2013, the cumulative job growth for Metro, Rural, Chicago and Downstate compared to January 1990 stood at 10.29%, 6.01%, 9.91% and 9.87%, respectively. Illinois Metro added 4,100 jobs at 0.08% in Feb of 2013. Eight 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 14.77% which is the highest among all the IL MSAs; Champaign-Urbana-Rantoul has experienced the lowest average growth rate -8.49%. In terms of growth performance, five MSAs posted a net improvement from Jan to Feb, four declined in terms of rank. Bloomington dropped to the last place in terms of monthly growth performance, while Decatur 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 04/02/2013 www.real.illinois.edu page 1 Total non-farm Employment growth Jan 1990 – Feb 2012 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 Feb 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 -0.06% while for Rural it is -0.01%. The same rate for Upstate it is -0.06% while for Downstate is -0.04%. Over the last 12-month period, the average growth rate for Metro was 0.09% and for Rural it was 0.13%. In 2010, Illinois’s performance was better than the nation and compared favorably to the RMW. In 2011, Illinois has performed worse than the RMW and the nation. In 2011, the average growth rate for Illinois is 0.08% while for the RMW and the nation is 0.13%. 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 0.15%, for the RMW is 0.25% while for the nation is 0.13%. Downstate registered a near -0.09% average job growth in 2013 compared to an average of 0.04% growth in 2007, -0.11% decline in 2008, -0.35% decline in 2009, 0.14% growth in 2010, 0.01% growth in 2011 and 0.10% 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 Feb 2012 Number of Jobs 90,100 106,000 4,130,100 185,400 51,100 44,100 183,900 149,700 112,400 230,400 Jan 2012 – Feb 2012 Growth compared to Illinois + + + + + Growth Rate % -1.72 -1.59 0.07 0.64 1.05 0.19 0.56 0.26 0.11 0.61 0.21 release 04/02/2013 Number Of Jobs -1,600 -1,700 2,700 1,200 500 80 1,000 400 100 1,400 12,400 Last 12 months Growth Rate % Number of Jobs -0.83 1.57 1.36 1.63 -4.36 0.73 -0.17 2.25 -0.32 -1.14 1.12 -800 1,600 55,500 3,000 -2,300 300 -300 3,300 -400 -2,700 64,300 www.real.illinois.edu page 2 MSA League Tables*: Non-farm Employment Growth Rate Monthly growth: Rank Jan 2013 Feb 2013 Rank Change** 1 Champaign-Urbana-Rantoul (1.9%) Decatur (1.05%) 1 (+9) 2 Bloomington-Normal (0.94%) Davenport-Rock Island-Moline (0.64%) 2 (+2) 3 Springfield (0.82%) Metro-East (0.61%) 3 (+6) 4 Davenport-Rock Island-Moline (0.79%) Peoria (0.56%) 4 (+4) 5 Chicago (0.42%) Rockford (0.26%) 5 (+2) 6 Kankakee (0.22%) Kankakee (0.19%) 6 (+0) 7 Rockford (0.15%) Springfield (0.11%) 7 (-4) 8 Peoria (-0.34%) Chicago (0.07%) 8 (-3) 9 Metro-East (-1.15%) Champaign-Urbana-Rantoul (-1.59%) 9 (-8) 10 Decatur (-1.83%) Bloomington-Normal (-1.72%) 10 (-8) Growth over last 12-months: Rank Jan 2013 Feb 2013 Rank Change** 1 Champaign-Urbana-Rantoul (2.43%) Rockford (2.25%) 1 (+1) 2 Rockford (2.02%) Davenport-Rock Island-Moline (1.63%) 2 (+2) 3 Chicago (1.4%) Champaign-Urbana-Rantoul (1.57%) 3 (-2) 4 Davenport-Rock Island-Moline (1.4%) Chicago (1.36%) 4 (-1) 5 Bloomington-Normal (1.01%) Kankakee (0.73%) 5 (+1) 6 Kankakee (0.04%) Peoria (-0.17%) 6 (+1) 7 Peoria (-0.16%) Springfield (-0.32%) 7 (+1) 8 Springfield (-0.4%) Bloomington-Normal (-0.83%) 8 (-3) 9 Metro-East (-3.57%) Metro-East (-1.14%) 9 (+0) 10 Decatur (-5.09%) Decatur (-4.36%) 10 (+0) Talking Points MSA League Tables Champaign-Urbana-Rantoul (1st to 9th) and Bloomington-Normal (2nd to 10th) experienced the deepest fall this month. Springfield (3rd to 7th) and Chicago (5th to 8th) dropped in terms of rank from last month. The most remarkable upward move in December was recorded for Decatur (10th to 1st). Metro-East (9th to 3rd), Peoria (8th to 4th), Davenport-Rock Island-Moline (4th to 2nd), and Rockford (7th to 5th) also gained in terms of rank from last month. Kankakee remained in the same place. In the 12 months growth league table, upward moves were recorded for Rockford (2nd to 1st), DavenportRock Island-Moline (4th to 2nd), Kankakee (6th to 5th), Peoria (6th to 7th) and Springfield (7th to 8th). In the 12 months growth league table, downward moves were recorded for Champaign-Urbana-Rantoul (1st to 3rd), Chicago (3rd to 4th) and Bloomington-Normal (5th to 8th). Champaign-Urbana-Rantoul, Rockford and Chicago remained in the same place. In the 12 months growth league table, 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 04/02/2013 www.real.illinois.edu page 3 Shaded area on above chart represents Illinois growth. Feb 2013 MSA Employment by Sectors (000s) * Trade, Construc- Manufac- transportat Information turing ion & tion (CON) (MAN) utilities (INF) (TTU) Market Area Financial activities (FIN) Profession al & Education Leisure & Other business & health hospitality Services services (EDU) (LEI) (OTH) (PRO) 2.32 4.42 13.23 0.80 12.99 17.73 10.57 10.3 (2.6%) (4.9%) (14.7%) (0.9%) (14.4%) (19.7%) (11.7%) (11.4%) 3.40 8.04 17.38 2.13 4.33 8.58 13.49 10.79 Champaign-Urbana (3.2%) (7.6%) (16.4%) (2.0%) (4.1%) (8.1%) (12.7%) (10.2%) 125.81 380.07 828.37 79.71 282.03 723.22 623.69 390.24 Chicago (3%) (9.2%) (20.1%) (1.9%) (6.8%) (17.5%) (15.1%) (9.4%) 8.14 24.85 39.26 2.39 8.06 23.62 26.18 18.63 Davenport-Rock Island-Moline (4.4%) (13.4%) (21.2%) (1.3%) (4.3%) (12.7%) (14.1%) (10%) 3.23 9.71 10.69 0.70 1.94 3.26 8.64 4.99 Decatur (6.3%) (19.0%) (20.9%) (1.4%) (3.8%) (6.4%) (16.9%) (9.8%) 1.15 5.37 9.9 0.40 2.12 3.35 9.07 4.06 Kankakee (2.6%) (12.2%) (22.4%) (0.9%) (4.8%) (7.6%) (20.5%) (9.2%) 7.55 27.65 34.85 2.52 7.46 23.09 33.99 17.36 Peoria (4.1%) (15%) (18.9%) (1.4%) (4.1%) (12.6%) (18.5%) (9.4%) 3.78 32.37 27.97 1.60 5.38 15.74 24.16 13.32 Rockford (2.5%) (21.6%) (18.7%) (1.1%) (3.6%) (10.5%) (16.1%) (8.9%) 3.90 3.03 17.32 1.41 7.66 11.66 19.88 10.03 Springfield (3.5%) (2.7%) (15.4%) (1.2%) (6.8%) (10.4%) (17.7%) (8.9%) 185.03 581.17 1162.3 99.28 371.51 870.73 878.82 539.37 IL (3.2%) (10%) (20.1%) (1.7%) (6.4%) (15.0%) (15.2%) (9.3%) * The Illinois Department of Employment Security does not collect sector employment data for Metro-East BloomingtonNormal 3.46 (3.8%) 3.27 (3.1%) 179.23 (4.3%) 7.46 (4.0%) 2.44 (4.8%) 1.63 (3.7%) 8.12 (4.4%) 8.71 (5.8%) 6.56 (5.8%) 252.36 (4.4%) Government (GOV) 14.29 (15.9%) 34.65 (32.7%) 515.57 (12.5%) 26.73 (14.4%) 5.44 (10.6%) 6.99 (15.8%) 21.04 (11.4%) 16.27 (10.9%) 30.92 (27.5%) 832.89 (14.4%) Total non-farm Employment growth rate Jan 1990 – Feb 2012 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 04/02/2013 www.real.illinois.edu page 4 Employment Forecast for MSAs MSAs Feb 2013* Feb 2014 (p)* 90,100 BloomingtonNormal Champaign-UrbanaRantoul Sector with Highest Growth Rate (p) Sector with Lowest Growth Rate (p) Number of Jobs * Growth Rate % Growth 90,200 100~-500 0.06%~0.58% + GOV (2.8%) INF (-8.5%) 106,000 107,200 1,200~2,300 1.14%~-2.13% + INF (5.2%) MAN (-2.3%) Chicago 4,130,100 4,170,900 22,400~40,800 0.54%~0.99% + MAN (2.1%) CON (-10.7%) Davenport-Rock Island-Moline 185,400 185,900 500~-1,900 0.25%~-1.00% + PRO (1.8%) INF (-5.8%) Decatur 51,100 51,300 200~400 0.46%~0.83% + MAN (4.6%) ING (-3.5%) Kankakee 44,100 44,400 300~400 0.63%~0.92% + OTH (6.3%) LEI (-1.3%) Peoria 183,900 185,100 1,200~2,000 0.66%~1.07% + PRO (2.3%) CON (-0.6%) Rockford 149,700 150,800 1,200~2,100 0.80%~1.44% + PRO (3.3%) CON (-12.3%) Springfield 112,400 112,200 -300~300 -0.23%~0.23% - PRO (3.5%) INF (-14.5%) *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 2014 Year 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 150000 1990 1992 1994 1996 1998 2000 2002 2004 Illinois Jobs Index: MSA REPORT 2006 2008 2010 2012 2014 Year 1990 1992 release 04/02/2013 1994 1996 1998 2000 2002 2004 2006 2008 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 Number of Jobs (in thousands) 200000 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014 Year 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 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 2008 2010 2012 2014 Year release 04/02/2013 www.real.illinois.edu page 6