IllinoisJob Index: MSA Report Release data Issue 12/31/2012 Jan 1990 / Nov 2012 15.12 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. December 2012 Total non-farm employment Nov 2011 Number of Jobs Nation Rest of Midwest (RMW) Illinois Illinois Metro Illinois non-Metro (Rural) Illinois Chicago (Upstate) Illinois non-Chicago 133,852,000 18,966,100 5,727,400 5,242,500 484,900 4,097,800 1,629,600 Oct 2012 – Nov 2012 Growth Rate (%) 0.11 0.02 0.29 0.12 2.08 0.25 0.38 Number of Jobs 146,000 3,300 16,400 6,500 9,900 10,300 6,100 Last 12 months Growth Rate (%) 1.43 1.25 0.94 1.32 -3.05 1.55 -0.57 Number of Jobs 1,889,000 234,000 53,200 68,500 -15,300 62,600 -9,400 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 16,400 jobs in Nov 2012, compared with a revised 3,200 job gains in Oct 2012. Compared to Nov 2011, Illinois has added 53,200 jobs. The three-month moving average of jobs, a more stable measure of labor market, was up by 9,900 jobs per month. Illinois has lost 260,500 jobs since the economic crisis developed in December 2007. Since January 2010 when Illinois employment resumed after the national recession, Illinois has added 145,800 new jobs. The major geographic divisions, Chicago-Downstate and Metro-Rural both had positive performance. Illinois Rural area added 9,900 jobs at 2.08% this month, compared to a revised 20,800 job losses in Oct. At the same time, Metro added 6,500 jobs at 0.12% this month, compared to a revised 24,000 job gains in the previous month. Chicago added 10,300 jobs at 0.25% in Nov 2012, compared to a revised 18,400 job gains last month. Meanwhile, Downstate added 6,100 jobs at 0.38%, compared to a revised 15,200 job losses in Oct. In terms of the 12-month aggregated account, Metro registered a positive 1.32% growth by adding 68,500 jobs whereas Rural shed 15,300 jobs at -3.05%. Chicago added 62,600 jobs at 1.55% whereas Downstate shed 9,400 jobs at -0.57%. Through Nov 2011, the cumulative job growth for Metro, Rural, Chicago and Downstate compared to January 1990 stood at 9.44%, 1.48%, 9.05% and 7.88%, respectively. Illinois Metro added 6,500 jobs at 0.12% in Nov 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 0.14% which is the highest among all the IL MSAs; Champaign-Urbana-Rantoul has experienced the lowest average growth rate -0.11%. In terms of growth performance, four MSAs posted a net improvement from Oct to Nov, five declined in terms of rank. Decatur dropped to the last place in terms of monthly growth performance, while Chicago climbed up to the first place. Over the last 12-month period, Kankakee reached the first place while Decatur remained in the last place. Illinois Jobs Index: MSA REPORT release 12/31/2012 www.real.illinois.edu page 1 Total non-farm Employment growth Jan 1990 – Nov 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 Nov 2012 is -0.07%. 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 -0.07% while for Rural it is -0.07%. The same rate for Upstate it is -0.07% while for Downstate is -0.08%. Over the last 12-month period, the average growth rate for Metro was 0.11% and for Rural it was -0.23%. 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%. So far in 2012 until Nov, the average growth rate for Illinois is 0.08%, for the RMW is 0.11% while for the nation is 0.11%. Downstate registered a -0.11% average decline 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 Nov 2012 Number of Jobs 90,900 103,800 4,097,800 178,200 52,200 44,100 182,400 146,600 113,400 231,800 Oct 2012 – Nov 2012 Growth compared to Illinois - Growth Rate % 0.00 -0.09 0.25 -0.17 -1.31 -0.23 -1.29 -0.54 0.18 0.17 0.29 release 12/31/2012 Number Of Jobs 0 -100 10,300 -300 -700 -100 -2,400 -800 200 400 16,400 Last 12 months Growth Rate % Number of Jobs 0.77 2.17 1.55 -0.33 -1.44 2.45 0.01 0.13 1.30 0.68 0.94 700 2,200 62,600 -600 -800 1,100 20 200 1,500 1,600 53,200 www.real.illinois.edu page 2 MSA League Tables*: Non-farm Employment Growth Rate Monthly growth: Rank Oct 2012 Nov 2012 Rank Change** 1 Kankakee (2.07%) Chicago (0.25%) 1 (+6) 2 Champaign-Urbana-Rantoul (1.62%) Springfield (0.18%) 2 (+3) 3 Bloomington-Normal (0.99%) Metro-East (0.17%) 3 (+6) 4 Decatur (0.75%) Bloomington-Normal (0%) 4 (-1) 5 Springfield (0.71%) Champaign-Urbana-Rantoul (-0.09%) 5 (-3) 6 Peoria (0.7%) Davenport-Rock Island-Moline (-0.17%) 6 (+4) 7 Chicago (0.45%) Kankakee (-0.23%) 7 (-6) 8 Rockford (0.27%) Rockford (-0.54%) 8 (+0) 9 Metro-East (0.04%) Peoria (-1.29%) 9 (-3) 10 Davenport-Rock Island-Moline (-0.5%) Decatur (-1.31%) 10 (-6) Growth over last 12-months: Rank Oct 2012 Nov 2012 Rank Change** 1 Champaign-Urbana-Rantoul (2.36%) Kankakee (2.45%) 1 (+1) 2 Kankakee (2.2%) Champaign-Urbana-Rantoul (2.17%) 2 (-1) 3 Chicago (1.22%) Chicago (1.55%) 3 (+0) 4 Springfield (1.19%) Springfield (1.3%) 4 (+0) 5 Peoria (0.94%) Bloomington-Normal (0.77%) 5 (+1) 6 Bloomington-Normal (0.53%) Metro-East (0.68%) 6 (+2) 7 Rockford (0.17%) Rockford (0.13%) 7 (+0) 8 Metro-East (-0.05%) Peoria (0.01%) 8 (-3) 9 Davenport-Rock Island-Moline (-1.1%) Davenport-Rock Island-Moline (-0.33%) 9 (+0) 10 Decatur (-1.14%) Decatur (-1.44%) 10 (+0) Talking Points MSA League Tables Decatur (4th to 10th) and Kankakee (1st to 7th) experienced the deepest fall this month. Bloomington-Normal (3rd to 4th), Champaign-Urbana-Rantoul (2nd to 5th) and Peoria (6th to 9th) also dropped in terms of rank from last month. The most remarkable upward move in November was recorded for Chicago (7th to 1st) and Metro-East (9th to 3rd). Springfield (5th to 2nd) and Davenport-Rock Island-Moline (10th to 6th) also gained in terms of rank from last month. In the 12 months growth league table, upward moves were only recorded for Kankakee (2nd to 1st), Bloomington-Normal (6th to 5th) and Metro-East (8th to 6th). Chicago, Springfield, Rockford and Davenport-Rock Island-Moline remained in the same place. In the 12 months growth league table, Decatur remained in the last place and Kankakee 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 12/31/2012 www.real.illinois.edu page 3 Nov 2012 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 4.08 13.34 0.80 12.47 18.29 11.08 9.88 (2.5%) (4.5%) (14.7%) (0.9%) (13.7%) (20.1%) (12.2%) (10.9%) 2.95 8.03 17.33 2.71 4.30 7.91 13.24 10.51 Champaign-Urbana (2.8%) (7.6%) (16.5%) (2.6%) (4.1%) (7.5%) (12.6%) (10%) 118.86 386.67 826.43 75.01 277.66 722.49 622.12 370.59 Chicago (2.9%) (9.4%) (20.2%) (1.8%) (6.8%) (17.6%) (15.2%) (9%) 7.66 23.81 38.12 2.51 8.14 20.74 25.85 16.65 Davenport-Rock Island-Moline (4.3%) (13.4%) (21.4%) (1.4%) (4.6%) (11.6%) (14.5%) (9.3%) 2.97 10.57 11.1 0.70 1.98 4.04 8.24 4.48 Decatur (5.7%) (20.2%) (21.2%) (1.3%) (3.8%) (7.7%) (15.8%) (8.6%) 1.18 4.99 10.60 0.49 1.89 2.88 8.88 3.89 Kankakee (2.7%) (11.3%) (24%) (1.1%) (4.3%) (6.5%) (20.1%) (8.8%) 6.88 28.13 35.19 2.49 7.26 22.26 33.56 17.02 Peoria (3.8%) (15.4%) (19.3%) (1.4%) (4.0%) (12.2%) (18.4%) (9.3%) 4.27 31.46 27.03 1.74 5.88 16.06 23.66 12.09 Rockford (2.9%) (21.5%) (18.4%) (1.2%) (4.0%) (11%) (16.1%) (8.2%) 4.03 3.27 17.88 2.00 7.13 12.56 19.05 9.78 Springfield (3.6%) (2.9%) (15.8%) (1.8%) (6.3%) (11.1%) (16.8%) (8.6%) 174.88 597.64 1167.6 97.9 367.75 868.66 868.92 517.69 IL (3.0%) (10.4%) (20.3%) (1.7%) (6.4%) (15.1%) (15.1%) (9%) * The Illinois Department of Employment Security does not collect sector employment data for Metro-East BloomingtonNormal Government (GOV) 2.99 (3.3%) 3.09 (2.9%) 178.16 (4.3%) 7.44 (4.2%) 2.36 (4.5%) 1.72 (3.9%) 8.02 (4.4%) 8.48 (5.8%) 6.40 (5.6%) 238.15 (4.1%) 15.75 (17.3%) 34.81 (33.1%) 519.09 (12.7%) 27.43 (15.4%) 5.91 (11.3%) 7.63 (17.3%) 21.61 (11.8%) 16.73 (11.4%) 31.3 (27.6%) 840.15 (14.6%) Total non-farm Employment growth rate Jan 1990 – Nov 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 12/31/2012 www.real.illinois.edu page 4 Employment Forecast for MSAs MSAs Nov 2012* Nov 2013 (p)* 90,900 BloomingtonNormal Champaign-UrbanaRantoul Sector with Highest Growth Rate (p) Sector with Lowest Growth Rate (p) Number of Jobs * Growth Rate % Growth 91,200 300~700 0.35%~0.82% + LEI (2.6%) INF (-9.0%) 103,800 103,200 -600~200 -0.58%~0.19% - PRO (2.0%) MAN (-4.5%) Chicago 4,072,800 4,076,500 3,700~7,300 0.09%~0.18% + TTU (1.2%) CON (-9.6%) Davenport-Rock Island-Moline 178,200 177,400 -800~-100 -0.43%~-0.07% - EDU (1.8%) INF (-4.4%) Decatur 52,200 52,200 0~-300 0%~-0.67% + CON (1.7%) ING (-2.9%) Kankakee 44,100 43,900 -300~400 -0.59%~0.87% - OTH (2.4%) GOV (-3.9%) Peoria 182,400 183,500 1,200~2,400 0.64%~-1.31% + PRO (2.8%) MAN (-0.8%) Rockford 146,600 145,000 -1,600~-1,000 -1.08%~-0.68% - PRO (1.4%) CON (-12.6%) Springfield 113,400 113,200 -300~400 -0.25%~0.33% - PRO (1.4%) MAN (-3.1%) *Total Non-Farm Jobs Total Non-farm Employment Forecast Bloomington (BN) Number of Jobs (in thousands) 95000 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 Total Non-farm Employment Forecast Chicago (CHI) Total Non-farm Employment Forecast Davenport-Rock-Island-Moline (DRM) Number of Jobs (in thousands) 195000 190000 4200000 185000 180000 4000000 175000 3800000 170000 165000 3600000 160000 3400000 155000 150000 3200000 1990 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 1992 1994 1996 1998 2000 2002 2004 2006 2008 Illinois Jobs Index: MSA REPORT release 12/31/2012 2010 2012 Year Year www.real.illinois.edu page 5 Total Non-farm Employment Forecast Decatur (DE) Number of Jobs (in thousands) 62000 Total Non-farm Employment Forecast Kankakee (KA) Number of Jobs (in thousands) 46000 60000 44000 58000 42000 56000 40000 54000 38000 52000 36000 50000 34000 48000 32000 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 Total Non-farm Employment Forecast Peoria (PE) Number of Jobs (in thousands) 200000 Total Non-farm Employment Forecast Rockford (RO) Number of Jobs (in thousands) 170000 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 2010 2012 Year Year Total Non-farm Employment Forecast Springfield (SP) Number of Jobs (in thousands) 120000 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 12/31/2012 www.real.illinois.edu page 6