IllinoisJob Index: MSA Report Release data Issue 09/30/2012 Jan 1990 / Aug 2012 15.08 Note: IDES revised their estimates for the number of jobs at the beginning of 2012. www.real.illinois.edu As a companion to the 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 September 2012 Nation Rest of Midwest (RMW) Illinois Illinois Metro Illinois non-Metro (Rural) Illinois Chicago (Upstate) Illinois non-Chicago Aug 2011 Number of Jobs 133,300,000 18,944,400 5,698,500 5,213,100 484,600 4,068,000 1,629,700 Jul 2012 – Aug 2012 Growth Rate (%) 0.07 0.11 0.17 0.20 -0.28 0.19 0.08 Number of Jobs 96,000 21,700 9,600 10,200 -1,400 7,500 1,300 Last 12 months Growth Rate (%) 1.37 1.19 0.69 0.94 -2.11 1.01 -0.14 Number of Jobs 1,808,000 223,100 39,100 48,700 -10,500 40,500 -2,200 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 added 9,600 jobs in Aug 2012, compared with a 5,100 job changes in Jul 2012. Compared to Aug 2011, Illinois has added 39,100 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 287,700 jobs since the economic crisis developed in December 2007. Since January 2010 when Illinois employment resumed after the national recession, Illinois has added 116,900 new jobs. The major geographic divisions, Chicago-Downstate had positive performance while Metro-Rural had mixed performance. Illinois Rural area shed 1,400 jobs at -0.28% this month, compared to a revised 3,600 job losses in Jul. At the same time, Metro added 10,200 jobs at 0.20% this month, compared to a revised 1,500 job losses in the previous month. Chicago added 7,500 jobs at 0.19% in Aug 2012, compared to a revised 0 job gains last month. On the other hand, Downstate added 1,300 jobs at 0.08%, compared to a revised 5,100 job losses in Jul. In terms of the 12-month aggregated account, Metro registered a positive 0.94% growth by adding 48,700 jobs whereas Rural shed 10,500 jobs at -2.11%. Chicago added 40,500 jobs at 1.01% whereas Downstate shed 2,200 jobs at -0.14%. Through Aug 2012, the cumulative job growth for Metro, Rural, Chicago and Downstate compared to January 1990 stood at 8.82%, 1.43%, 8.26% and 7.88%, respectively. Illinois Metro added 10,200 jobs at 0.20% in Aug of 2012. Seven out of the ten MSAs posted positive growth in Aug. Since the job recovery resumes in Jan 2010 in the IL state, MSA Peoria has shown an average growth rate of 0.21% which is the highest among all the IL MSAs; Champaign-Urbana-Rantoul has experienced the lowest average growth rate -0.18%. In terms of growth performance, four MSAs posted a net improvement from Jul to Aug, four declined in terms of rank. Rockford 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, Peoria remained in the first place while Decatur remained in the last place. Illinois Jobs Index: MSA REPORT release 09/30/2012 www.real.illinois.edu page 1 Total non-farm Employment growth Jan 1990 – Aug 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 Aug 2012 is -0.09%. This is no better than the performance during the 2000-2004 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 -0.09%. The same rate for Upstate it is -0.09% while for Downstate is -0.08%. Over the last 12-month period, the average growth rate for Metro was 0.08% and for Rural it was -0.16%. 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 until June 2012, the average growth rate for Illinois is 0.06%, for the RMW is 0.11% while for the nation is 0.12%. Downstate registered a -0.16% 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 Aug 2012 Number of Jobs 90,600 103,300 4,068,000 179,000 52,600 42,500 185,500 147,700 111,500 232,300 Jul 2012 –Aug 2012 Growth compared to Illinois + + + + + + + Last 12 months Growth Rate % Number Of Jobs Growth Rate % Number of Jobs 0.45 -0.33 0.19 0.16 2.79 -0.44 0.51 -0.46 0.34 0.18 0.15 400 -400 7,500 300 1,400 -200 900 -700 400 400 8,800 1.85 -0.06 1.01 0.00 -0.49 0.32 2.29 1.99 -0.01 -0.12 0.68 1,600 -60 40,500 0 -300 100 4,200 2,900 -20 -300 38,300 release 09/30/2012 www.real.illinois.edu page 2 MSA League Tables*: Non-farm Employment Growth Rate Monthly growth: Rank Jul 2012 Aug 2012 Rank Change** 1 Rockford (0.44%) Decatur (2.79%) 1 (+9) 2 Champaign-Urbana-Rantoul (0.24%) Peoria (0.51%) 2 (+5) 3 Springfield (0.2%) Bloomington-Normal (0.45%) 3 (+3) 4 Metro-East (0.09%) Springfield (0.34%) 4 (-1) 5 Chicago (0%) Chicago (0.19%) 5 (+0) 6 Bloomington-Normal (-0.07%) Metro-East (0.18%) 6 (-2) 7 Peoria (-0.3%) Davenport-Rock Island-Moline (0.16%) 7 (+1) 8 Davenport-Rock Island-Moline (-0.67%) Champaign-Urbana-Rantoul (-0.33%) 8 (-6) 9 Kankakee (-0.81%) Kankakee (-0.44%) 9 (+0) 10 Decatur (-1.27%) Rockford (-0.46%) 10 (-9) Growth over last 12-months: Rank Jul 2012 Aug 2012 Rank Change** 1 Peoria (1.65%) Peoria (2.29%) 1 (+0) 2 Kankakee (1.04%) Rockford (1.99%) 2 (+1) 3 Rockford (0.89%) Bloomington-Normal (1.85%) 3 (+2) 4 Chicago (0.77%) Chicago (1.01%) 4 (+0) (-3) 5 Bloomington-Normal (0.16%) Kankakee (0.32%) 5 6 Champaign-Urbana-Rantoul (-0.16%) Davenport-Rock Island-Moline (0%) 6 (+3) 7 Springfield (-0.19%) Springfield (-0.01%) 7 (+0) 8 Metro-East (-0.2%) Champaign-Urbana-Rantoul (-0.06%) 8 (-2) 9 Davenport-Rock Island-Moline (-1.02%) Metro-East (-0.12%) 9 (-1) 10 Decatur (-3.75%) Decatur (-0.49%) 10 (+0) Talking Points MSA League Tables Rockford (1st to 10th) experienced the deepest fall this month. Springfield (3rd to 4th), Metro-East (4th to 6th) and Champaign-Urbana-Rantoul (2nd to 8th) also dropped in terms of rank from last month. The most remarkable upward move in August was recorded for Decatur (10th to 1st). Peoria (7th to 2nd), Bloomington-Normal (6th to 3rd) and Davenport-Rock Island-Moline (8th to 7th) also gained in terms of rank from last month. In the 12 months growth league table, upward moves were recorded for Rockford (3rd to 2nd), BloomingtonNormal (5th to 3rd) and Davenport-Rock Island-Moline (9th to 6th) while downward moves were recorded for Kankakee (2nd to 5th), Champaign-Urbana-Rantoul (6th to 8th) and Metro-East (8th to 9th). Peoria, Chicago, Springfield and Decatur remained in the same place. In the 12 months growth league table, Decatur remained in the last place and Peoria remained in 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 09/30/2012 www.real.illinois.edu page 3 Aug 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) 2.41 4.16 12.67 0.79 12.22 18.34 11.02 10.22 (2.7%) (4.6%) (14%) (0.9%) (13.5%) (20.3%) (12.2%) (11.3%) 3.12 8.03 17.3 2.76 4.27 7.90 13.2 10.92 Champaign-Urbana (3.0%) (7.7%) (16.7%) (2.7%) (4.1%) (7.6%) (12.7%) (10.5%) 126.00 386.28 806.73 75.5 275.97 715.18 608.74 380.63 Chicago (3.1%) (9.5%) (19.8%) (1.9%) (6.8%) (17.6%) (15%) (9.4%) 8.31 24.46 37.04 2.52 8.04 21.56 25.83 17.18 Davenport-Rock Island-Moline (4.6%) (13.6%) (20.7%) (1.4%) (4.5%) (12%) (14.4%) (9.6%) 3.24 10.72 10.82 0.70 1.98 3.87 8.18 4.63 Decatur (6.2%) (20.4%) (20.6%) (1.3%) (3.8%) (7.4%) (15.6%) (8.8%) 1.16 5.02 10.14 0.50 1.87 2.79 8.48 3.95 Kankakee (2.7%) (11.8%) (23.8%) (1.2%) (4.4%) (6.6%) (19.9%) (9.3%) 7.17 30.2 34.73 2.46 7.20 22.98 33.6 17.54 Peoria (3.9%) (16.3%) (18.7%) (1.3%) (3.9%) (12.4%) (18.1%) (9.4%) 4.65 31.76 27.4 1.74 5.75 16.03 23.63 12.51 Rockford (3.1%) (21.5%) (18.5%) (1.2%) (3.9%) (10.8%) (16%) (8.5%) 4.25 3.27 17.26 1.83 7.05 12.50 19.13 10.06 Springfield (3.8%) (2.9%) (15.5%) (1.6%) (6.3%) (11.2%) (17.1%) (9.0%) 190.59 576.82 1137.46 100.09 360.73 835.46 854.69 518.22 IL (3.4%) (10.2%) (20.1%) (1.8%) (6.4%) (14.7%) (15.1%) (9.1%) * The Illinois Department of Employment Security does not collect sector employment data for Metro-East BloomingtonNormal Government (GOV) 2.95 (3.3%) 3.19 (3.1%) 176.88 (4.4%) 7.38 (4.1%) 2.35 (4.5%) 1.63 (3.8%) 7.97 (4.3%) 8.42 (5.7%) 6.34 (5.7%) 244.53 (4.3%) 16.02 (17.7%) 32.68 (31.5%) 509.89 (12.5%) 27.22 (15.2%) 6.01 (11.4%) 7.08 (16.6%) 21.91 (11.8%) 16.38 (11.1%) 29.92 (26.8%) 834.05 (14.7%) Total non-farm Employment growth rate Jan 1990 – Aug 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 09/30/2012 www.real.illinois.edu page 4 Employment Forecast for MSAs MSAs BloomingtonNormal Champaign-UrbanaRantoul Aug 2012* Aug 2013 (p)* 90,500 Sector with Highest Growth Rate (p) Sector with Lowest Growth Rate (p) Number of Jobs * Growth Rate % Growth 90700 100~200 0.15%~0.22% + CON (2.6%) INF (-8.0%) 103,300 104,300 1,000~1,100 0.95%~1.09% + GOV (4.2%) CON (-5.6%) Chicago 4,068,000 4,080,100 12,000~15,400 0.30%~0.38% + TTU (3.6%) CON (-12.6%) Davenport-Rock Island-Moline 179,000 177,700 -1,400~-700 -0.78%~-0.38% - TTU (2.6%) CON (-7.0%) Decatur 52,600 52,200 -400~-100 -0.68%~-0.12% - PRO (5.5%) CON (-6.6%) Kankakee 43,500 44,300 700~1,100 1.69%~2.57% + TTU (6.1%) FIN (-0.9%) Peoria 185,500 183,300 100~400 -1.00%~-1.22% - OTH (1.8%) MAN (-6.9%) Rockford 147,700 145,500 -2,100~-1,500 -1.45%~-1.01% - GOV (2.3%) CON (-7.5%) Springfield 111,500 113,500 1,900~2,300 1.74%~2.02% + INF (9.5%) MAN (-3.1%) *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 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Year Number of Jobs (in thousands) 4400000 Total Non-farm Employment Forecast Champaign-Urbana-Rantoul (CU) Year Number of Jobs (in thousands) 195000 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 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Year Illinois Jobs Index: MSA REPORT 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Year release 09/30/2012 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 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 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 09/30/2012 www.real.illinois.edu page 6