IllinoisJob Index: MSA Report Release data Issue 07/30/2012 Jan 1990 / Jun 2012 15.06 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. July 2012 Total non-farm employment Jun 2011 Number of Jobs Nation Rest of Midwest (RMW) Illinois Illinois Metro Illinois non-Metro (Rural) Illinois Chicago (Upstate) Illinois non-Chicago 133,088,000 18,895,100 5,694,800 5,205,182 489,618 4,060,556 1,634,244 May 2012 – Jun 2012 Growth Rate (%) 0.06 -0.04 0.01 0.05 -0.35 0.10 -0.20 Number of Jobs 80,000 -7,800 800 2,500 -1,700 4,100 -3,300 Last 12 months Growth Rate (%) 1.35 1.06 0.45 0.77 -2.78 0.90 -0.64 Number of Jobs 1,777,000 199,100 25,500 39,500 -14,000 36,100 -10,600 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 800 jobs in Jun 2012 at a rate of 0.01%, compared with a revised -1,900 job losses in May 2012. Compared to Jun 2011, Illinois has added 25,500 jobs. The three-month moving average of jobs, a more stable measure of labor market, was down by 1,300 jobs per month. Illinois has lost 291,400 jobs since the economic crisis developed in December 2007. Since January 2010 when Illinois employment resumed after the national recession, Illinois has added 113,200 new jobs. The major geographic divisions, Chicago-Downstate and Metro-Rural both had mixed performance. Illinois Rural area shed 1,700 jobs at -0.35% this month, compared to a revised 5,100 job gains in May. At the same time, Metro added 2,500 jobs at 0.05% this month, compared to a revised 7,000 job losses in the previous month. Chicago added 4,100 jobs at 0.10% in Jun 2012, compared to a revised 8,100 job losses last month. On the other hand, Downstate shed 3,300 jobs at -0.20%, compared to a revised 6,200 job gains in May. In terms of the 12-month aggregated account, Metro registered a positive 0.77% growth by adding 39,500 jobs whereas Rural shed 14,000 jobs at -2.78%. Chicago added 36,100 jobs at 0.90% whereas Downstate shed 10,600 jobs at -0.64%. Through Jun 2011, the cumulative job growth for Metro, Rural, Chicago and Downstate compared to January 1990 stood at 8.66%, 2.47%, 8.06% and 8.18%, respectively. Illinois Metro added 2,500 jobs at 0.05% in Jun of 2012. Three out of the ten MSAs posted positive growth in June. In terms of growth performance, Six MSAs posted a net improvement from May to Jun, four declined in terms of rank. Kankakee dropped to the last place in terms of monthly growth performance, while Davenport-Rock Island-Moline climbed up to the first place. Over the last 12-month period, Peoria climbed up to the first place while Decatur dropped to the last place. Illinois Jobs Index: MSA REPORT release 07/30/2012 www.real.illinois.edu page 1 Total non-farm Employment growth Jan 1990 – Jun 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 June 2012 is -0.09%. This is worse than the performance during the 2000-2001 downturns which saw declines of -0.07%. Since the economic crisis in December 2007, the average growth for Metro is -0.09% while for Rural it is -0.07%. 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 0.06% and for Rural it was -0.21%. 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 0.14% while for the nation is 0.11%. Downstate registered a -0.18% 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 Jun 2012 Number of Jobs 90,600 102,800 4,056,000 177,700 52,600 43,300 185,500 149,000 111,000 231,600 May 2012 – Jun 2012 Growth compared to Illinois + + + - Growth Rate % -0.40 -0.12 0.10 1.06 -0.85 -1.07 -0.04 -0.56 0.02 -0.52 0.01 release 07/30/2012 Number Of Jobs Last 12 months Growth Rate % Number of Jobs 0.30 -1.23 0.90 -0.46 -1.63 1.68 2.53 1.69 -0.50 -0.45 0.45 269 -1,276 36,070 -827 -862 709 4,573 2,464 -556 -1,044 25,500 www.real.illinois.edu page 2 -359 -124 4,109 1,892 -450 -467 -75 -840 28 -1,205 800 MSA League Tables*: Non-farm Employment Growth Rate Monthly growth: Rank May 2012 Jun 2012 Rank Change** 1 Bloomington-Normal (0.8%) Davenport-Rock Island-Moline (1.06%) 1 (+5) 2 Rockford (0.42%) Chicago (0.1%) 2 (+6) 3 Champaign-Urbana-Rantoul (0.39%) Springfield (0.02%) 3 (+4) 4 Kankakee (0.15%) Peoria (-0.04%) 4 (+1) 5 Peoria (0.11%) Champaign-Urbana-Rantoul (-0.12%) 5 (-2) 6 Davenport-Rock Island-Moline (0.08%) Bloomington-Normal (-0.4%) 6 (-5) 7 Springfield (-0.13%) Metro-East (-0.52%) 7 (+2) 8 Chicago (-0.2%) Rockford (-0.56%) 8 (-6) 9 Metro-East (-0.25%) Decatur (-0.85%) 9 (+1) 10 Decatur (-0.58%) Kankakee (-1.07%) 10 (-6) Growth over last 12-months: Rank May 2012 Jun 2012 Rank Change** 1 Kankakee (2.89%) Peoria (2.53%) 1 (+1) 2 Peoria (2.74%) Rockford (1.69%) 2 (+1) 3 Rockford (2.38%) Kankakee (1.68%) 3 (-2) 4 Chicago (0.84%) Chicago (0.9%) 4 (+0) 5 Metro-East (0.19%) Bloomington-Normal (0.3%) 5 (+1) 6 Bloomington-Normal (0.11%) Metro-East (-0.45%) 6 (-1) 7 Decatur (-0.57%) Davenport-Rock Island-Moline (-0.46%) 7 (+3) 8 Springfield (-0.65%) Springfield (-0.5%) 8 (+0) 9 Champaign-Urbana-Rantoul (-1.07%) Champaign-Urbana-Rantoul (-1.23%) 9 (+0) 10 Davenport-Rock Island-Moline (-1.62%) Decatur (-1.63%) 10 (-3) Talking Points MSA League Tables Kankakee (4th to 10th) and Rockford (2nd to 8th) experienced the deepest fall this month. Champaign-Urbana-Rantoul (3rd to 5th) and Bloomington-Normal (1st to 6th) also dropped in terms of rank from last month. The most remarkable upward move in June was recorded for Chicago (8th to 2nd). Davenport-Rock Island-Moline (6th to 1st), Springfield (7th to 3rd), Metro-East (9th to 7th), Decatur (10th to 9th) and Peoria (5nd to 4th) also gained in terms of rank from last month. In the 12 months growth league table, upward moves were recorded for Peoria (2nd to 1st), Rockford (3rd to 2nd), Bloomington-Normal (6th to 5th), Davenport-Rock Island-Moline (10th to 7th) while downward moves were recorded for Kankakee (1st to 3rd), Metro-East (5th to 6th) and Decatur (7th to 10th). Chicago, Springfield and Champaign-Urbana-Rantoul remained in the same place. In the 12 months growth league table, Decatur dropped to the last place while Peoria 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 07/30/2012 www.real.illinois.edu page 3 Jun 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) 2.38 4.07 12.57 0.79 12.17 18.38 11.01 10.31 (2.6%) (4.5%) (13.9%) (0.9%) (13.5%) (20.3%) (12.2%) (11.4%) 3.11 8.07 17.14 2.53 4.25 7.83 12.93 10.67 Champaign-Urbana (3.0%) (7.8%) (16.7%) (2.5%) (4.1%) (7.6%) (12.6%) (10.4%) 124.55 386.11 808.21 76.14 275.96 712 608.4 380.67 Chicago (3.1%) (9.5%) (19.9%) (1.9%) (6.8%) (17.5%) (15%) (9.4%) 8.35 24.69 37.43 2.52 8.05 21.92 25.8 17.07 Davenport-Rock Island-Moline (4.6%) (13.7%) (20.8%) (1.4%) (4.5%) (12.2%) (14.3%) (9.5%) 3.31 10.65 10.59 0.70 1.88 3.80 7.9 4.61 Decatur (6.4%) (20.4%) (20.3%) (1.3%) (3.6%) (7.3%) (15.1%) (8.8%) 1.10 5.10 10.12 0.50 1.87 2.86 8.62 3.92 Kankakee (2.6%) (11.9%) (23.6%) (1.2%) (4.4%) (6.7%) (20.1%) (9.1%) 7.34 30.04 34.9 2.50 7.13 23.56 33.4 17.46 Peoria (4.0%) (16.2%) (18.8%) (1.4%) (3.8%) (12.7%) (18.0%) (9.4%) 4.71 31.26 27.87 1.62 5.92 16.34 23.58 12.50 Rockford (3.2%) (21.1%) (18.8%) (1.1%) (4.0%) (11%) (15.9%) (8.4%) 4.34 3.29 17.35 1.77 7.16 12.39 19.18 10.04 Springfield (3.9%) (3.0%) (15.6%) (1.6%) (6.4%) (11.1%) (17.2%) (9.0%) 190.53 576.60 1137.29 100.10 360.66 835.47 854.68 518.12 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 3.01 (3.3%) 3.11 (3.0%) 179.2 (4.4%) 7.32 (4.1%) 2.33 (4.5%) 1.71 (4.0%) 8.04 (4.3%) 8.50 (5.7%) 6.32 (5.7%) 244.56 (4.3%) Government (GOV) 15.92 (17.6%) 32.82 (31.9%) 511.09 (12.6%) 26.89 (14.9%) 6.37 (12.2%) 7.31 (17.0%) 20.99 (11.3%) 15.70 (10.6%) 29.54 (26.5%) 833.99 (14.7%) Total non-farm Employment growth rate Jan 1990 – Jun 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 07/30/2012 www.real.illinois.edu page 4 Employment Forecast for MSAs MSAs BloomingtonNormal Champaign-UrbanaRantoul Jun 2012* Jun 2013 (p)* 90,600 Sector with Highest Growth Rate (p) Sector with Lowest Growth Rate (p) Number of Jobs * Growth Rate % Growth 90,200 -400~600 0.11%~0.50% - PRO (1.8%) MAN (-10.1%) 102,800 102,700 -100~100 -0.20%~0.80% - INF (10.9%) MAN (-1.7%) Chicago 4,056,000 4,082,000 18,300~26,000 0.30%~1.50% + CON (-4.9%) EDU (1.9%) Davenport-Rock Island-Moline 177,700 178,300 400~700 -1.20%~0.20% + GOV (2.3%) PRO (-6.0%) Decatur 52,600 52,200 -400~300 -0.40%~0.90% - MAN (1.8%) PRO (-7.1%) Kankakee 43,300 43,300 0~400 0%~0.90% + MAN (2.9%) CON (-6.9%) Peoria 185,500 186,800 1,300~1,400 -0.20%~1.00% + MAN (5.5%) INF (-4.4%) Rockford 149,000 150,500 300~1,500 1.30%~1.90% + MAN (4.7%) CON (-8.5%) Springfield 111,000 110,800 -200~100 -0.9%~0.90% - EDU (2.5%) INF (-11.5%) *Total Non-Farm Jobs Illinois Jobs Index: MSA REPORT release 07/30/2012 www.real.illinois.edu page 5 Illinois Jobs Index: MSA REPORT release 07/30/2012 www.real.illinois.edu page 6