IllinoisJob Index: MSA Report Release data Issue Feb 05/2012 Jan 1990 / Dec 2012 16.01 Note: IDES revised their estimates for the number of jobs at the beginning of each year. 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. January 2013 Total non-farm employment Dec 2012 Number of Jobs Nation Rest of Midwest (RMW) Illinois Illinois Metro Illinois non-Metro (Rural) Illinois Chicago (Upstate) Illinois non-Chicago 134,021,000 18,960,900 5,717,900 5,201,500 516,400 4,065,500 1,652,400 Nov 2012 – Dec 2012 Growth Rate (%) 0.12 -0.01 -0.13 -0.20 0.58 -0.10 -0.21 Number of Jobs 155,000 -2,200 -7,600 -10,600 3,000 -4,100 -3,500 Last 12 months Growth Rate (%) 1.39 1.19 0.74 0.81 0.01 1.07 -0.07 Number of Jobs 1,835,000 223,700 41,900 41,800 100 43,100 -1,200 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 7,600 jobs in Dec 2012, compared with a revised 14,500 job gains in Nov 2012. Compared to Dec 2011, Illinois has added 41,900 jobs. The three-month moving average of jobs, a more stable measure of labor market, was up by 3,400 jobs per month. Illinois has lost 270,000 jobs since the economic crisis developed in December 2007. Since January 2010 when Illinois employment resumed after the national recession, Illinois has added 136,300 new jobs. The major geographic divisions, Chicago-Downstate had negative performance while Metro-Rural had mixed performance. Illinois Rural area added 3,000 jobs at 0.58% this month, compared to a revised 13,800 job gains in Nov. At the same time, Metro shed 10,600 jobs at -0.20% this month, compared to a revised 700 job gains in the previous month. Chicago shed 4,100 jobs at -0.10% in Dec 2012, compared to a revised 4,100 job losses last month. Meanwhile, Downstate shed 3,500 jobs at -0.21%, compared to a revised 10,200 job gains in Nov. In terms of the 12-month aggregated account, Metro registered a positive 0.81% growth by adding 41,800 jobs whereas Rural added 100 jobs at 0.01%. Chicago added 43,100 jobs at 1.07% whereas Downstate shed 1,200 jobs at -0.07%. Through Dec 2012, the cumulative job growth for Metro, Rural, Chicago and Downstate compared to January 1990 stood at 8.58%, 8.08%, 8.19% and 9.38%, respectively. Illinois Metro shed 10,600 jobs at -0.20% in Dec of 2012. Four 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 10.22% which is the highest among all the IL MSAs; Champaign-Urbana-Rantoul has experienced the lowest average growth rate -14.84%. In terms of growth performance, four MSAs posted a net improvement from Nov to Dec, 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, Champaign-Urbana-Rantoul reached the first place while Decatur remained in the last place. Illinois Jobs Index: MSA REPORT release 02/05/2013 www.real.illinois.edu page 1 Total non-farm Employment growth Jan 1990 – Dec 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 Talking Points State, Downstate & Metro While the average growth for Illinois between 1990 and 2008 was 0.04%, the average from December 2007 to Dec 2012 is -0.08%. 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 -0.09% while for Rural it is 0.03%. The same rate for Upstate it is -0.09% while for Downstate is -0.05%. Over the last 12-month period, the average growth rate for Metro was 0.07% and for Rural it was 0.03%. 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 0.06%, for the RMW is 0.10% while for the nation is 0.11%. Downstate registered a near 0% average job growth in 2012 compared to an average gain of 0.10% growth in 2007, -0.17% decline in 2008, -0.32% decline in 2009, 0.09% growth in 2010 and 0.04% growth in 2011. 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 Dec 2012 Number of Jobs 90,300 103,600 4,065,500 176,400 51,200 43,800 180,300 145,900 112,400 232,200 Nov 2012 – Dec 2012 Growth compared to Illinois + + + + + Last 12 months Growth Rate % Number Of Jobs Growth Rate % Number of Jobs 0.31 0.39 -0.10 -1.21 -2.03 0.58 -1.68 -0.67 -0.29 0.07 -0.13 300 400 -4,100 -2,200 -1,100 300 -3,100 -1,000 -300 200 -7,600 0.94 2.66 1.07 -0.52 -3.46 2.27 -1.56 -0.39 0.36 0.03 0.74 800 2,700 43,100 -900 -1,800 1,000 -2,900 -600 400 60 41,900 release 02/05/2013 www.real.illinois.edu page 2 MSA League Tables*: Non-farm Employment Growth Rate Monthly growth: Rank Nov 2012 Dec 2012 Rank Change** 1 Metro-East (0.2%) Kankakee (0.58%) 1 (+5) 2 Davenport-Rock Island-Moline (0.16%) Champaign-Urbana-Rantoul (0.39%) 2 (+3) 3 Chicago (0.11%) Bloomington-Normal (0.31%) 3 (+1) 4 Bloomington-Normal (-0.23%) Metro-East (0.07%) 4 (-3) 5 Champaign-Urbana-Rantoul (-0.25%) Chicago (-0.1%) 5 (-2) 6 Kankakee (-0.55%) Springfield (-0.29%) 6 (+2) 7 Rockford (-0.56%) Rockford (-0.67%) 7 (+0) 8 Springfield (-0.66%) Davenport-Rock Island-Moline (-1.21%) 8 (-6) 9 Peoria (-0.7%) Peoria (-1.68%) 9 (+0) 10 Decatur (-1.38%) Decatur (-2.03%) 10 (+0) Growth over last 12-months: Rank Nov 2012 Dec 2012 Rank Change** 1 Kankakee (1.12%) Champaign-Urbana-Rantoul (2.66%) 1 (+5) 2 Chicago (0.94%) Kankakee (2.27%) 2 (-1) 3 Springfield (0.88%) Chicago (1.07%) 3 (-1) 4 Metro-East (0.78%) Bloomington-Normal (0.94%) 4 (+4) 5 Peoria (0.44%) Springfield (0.36%) 5 (-2) 6 Champaign-Urbana-Rantoul (0.39%) Metro-East (0.03%) 6 (-2) 7 Rockford (0.28%) Rockford (-0.39%) 7 (+0) 8 Bloomington-Normal (-0.07%) Davenport-Rock Island-Moline (-0.52%) 8 (+1) 9 Davenport-Rock Island-Moline (-0.11%) Peoria (-1.56%) 9 (-4) 10 Decatur (-1.44%) Decatur (-3.46%) 10 (+0) Talking Points MSA League Tables Davenport-Rock Island-Moline (2nd to 8th) experienced the deepest fall this month. Metro-East (1st to 4th) and Chicago (3rd to 5th) dropped in terms of rank from last month. The most remarkable upward move in December was recorded for Kankakee (6th to 1st). Champaign-Urbana-Rantoul (5th to 2nd), Bloomington-Normal (4th to 3st), Springfield (8th to 6th) also gained in terms of rank from last month. Rockford, Peoria and Decatur remained in the same place. In the 12 months growth league table, upward moves were recorded for Champaign-Urbana-Rantoul (6th to 1st), Bloomington-Normal (8th to 4th), and Davenport-Rock Island-Moline (9th to 8th). In the 12 months growth league table, downward moves were recorded for Kankakee (1st to 2nd), Chicago (2nd to 3rd), Springfield (3rd to 5th), Metro-East (4th to 6th) and Peoria (5th to 9th). Rockford and Decatur remained in the same place. In the 12 months growth league table, Decatur remained in the last place and Champaign-Urbana-Rantoul 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 02/05/2013 www.real.illinois.edu page 3 Dec 2012 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) 2.39 4.04 13.11 0.81 12.51 17.97 10.93 10.09 (2.6%) (4.5%) (14.5%) (0.9%) (13.8%) (19.9%) (12.1%) (11.2%) 3.15 8.02 17.02 2.50 4.40 7.99 13.16 10.84 Champaign-Urbana (3.0%) (7.7%) (16.4%) (2.4%) (4.2%) (7.7%) (12.7%) (10.5%) 120.9 386.67 807.72 75.29 275.98 716.83 614.21 380.41 Chicago (3.0%) (9.5%) (19.9%) (1.9%) (6.8%) (17.6%) (15.1%) (9.4%) 7.54 23.29 37.08 2.47 8.05 21.12 25.84 16.84 Davenport-Rock Island-Moline (4.3%) (13.2%) (21%) (1.4%) (4.6%) (12%) (14.6%) (9.5%) 3.12 9.39 11.0 0.70 1.99 3.96 8.23 4.66 Decatur (6.1%) (18.4%) (21.5%) (1.4%) (3.9%) (7.7%) (16.1%) (9.1%) 1.13 5.03 10.32 0.50 2.01 2.86 8.97 4.09 Kankakee (2.6%) (11.5%) (23.6%) (1.1%) (4.6%) (6.5%) (20.5%) (9.3%) 7.01 25.85 34.14 2.47 7.17 22.63 34.6 17.42 Peoria (3.9%) (14.3%) (18.9%) (1.4%) (4.0%) (12.6%) (19.2%) (9.7%) 4.32 30.74 26.34 1.72 5.79 16.09 23.69 12.52 Rockford (3.0%) (21.1%) (18.1%) (1.2%) (4.0%) (11%) (16.2%) (8.6%) 4.35 3.28 17.44 2.12 7.14 12.25 19.04 10.26 Springfield (3.9%) (2.9%) (15.5%) (1.9%) (6.4%) (10.9%) (16.9%) (9.1%) 180.71 591.82 1141.75 98.07 366.19 856.48 862.08 533.82 IL (3.2%) (10.4%) (20%) (1.7%) (6.4%) (15%) (15.1%) (9.4%) * The Illinois Department of Employment Security does not collect sector employment data for Metro-East BloomingtonNormal 3.01 (3.3%) 3.16 (3.1%) 178.1 (4.4%) 7.43 (4.2%) 2.43 (4.8%) 1.82 (4.2%) 7.97 (4.4%) 8.45 (5.8%) 6.45 (5.7%) 236.58 (4.1%) Government (GOV) 15.23 (16.9%) 33.55 (32.4%) 509.86 (12.5%) 27.09 (15.4%) 5.69 (11.1%) 7.28 (16.6%) 21.32 (11.8%) 16.13 (11.1%) 30.37 (27%) 826.98 (14.5%) Total non-farm Employment growth rate Jan 1990 – Dec 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 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 02/05/2013 www.real.illinois.edu page 4 Employment Forecast for MSAs MSAs Dec 2012* Dec 2013 (p)* 90,3900 BloomingtonNormal Champaign-UrbanaRantoul Sector with Highest Growth Rate (p) Sector with Lowest Growth Rate (p) Number of Jobs * Growth Rate % Growth 89,700 -700~-100 -0.75%~-0.12% - GOV (4.1%) INF (-10.1%) 103,600 102,700 -900~-800 -0.86%~-0.73% - PRO (0.7%) MAN (-3.8%) Chicago 4,065,500 4,070,100 4,600~5,300 0.11%~0.13% + TTU (3.6%) CON (-9.7%) Davenport-Rock Island-Moline 176,400 174,100 -2,300~-1,500 -1.27%~-0.85% - EDU (0.7%) INF (-6.4%) Decatur 51,200 51,100 -100~300 -0.20%~0.54% - GOV (1.3%) ING (-3.3%) Kankakee 43,800 43,900 100~400 0.29%~0.95% + CON (1.3%) FIN (-2.7%) Peoria 180,300 180,200 -100~900 -0.06%~0.60% - PRO (1.9%) TTU (-1.6%) Rockford 145,900 143,200 -2,700~-2,100 -1.85%~-1.44% - PRO (1.4%) CON (-12.1%) Springfield 112,400 113,100 700~1,200 0.63%~1.09% + PRO (4.0%) INF (-5.5%) *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 Total Non-farm Employment Forecast Champaign-Urbana-Rantoul (CU) 85000 60000 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) 4400000 Number of Jobs (in thousands) 195000 Total Non-farm Employment Forecast Chicago (CHI) 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 1990 2012 1992 1994 1996 1998 2000 2002 2004 2006 2008 Illinois Jobs Index: MSA REPORT release 02/05/2013 2010 2012 Year 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 44000 58000 42000 56000 40000 54000 38000 52000 36000 50000 34000 48000 32000 Total Non-farm Employment Forecast Kankakee (KA) 30000 46000 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 1990 2012 1992 1994 1996 1998 2000 2002 2004 2006 2008 Number of Jobs (in thousands) 120000 2010 2012 Year 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 02/05/2013 www.real.illinois.edu page 6