IllinoisJob Index: MSA Report

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IllinoisJob Index:
MSA Report
Release
data
Issue
07/01/2012
Jan 1990 / May 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.
Total non-farm employment
Jun
2012
Nation
Rest of Midwest (RMW)
Illinois
Illinois Metro
Illinois non-Metro (Rural)
Illinois Chicago (Upstate)
Illinois non-Chicago
May 2011
Number of
Jobs
133,008,000
18,917,100
5,694,100
5,201,500
492,600
4,056,000
1,638,100
Apr 2012 – May 2012
Growth
Rate
(%)
0.06
0.08
-0.03
-0.10
0.67
-0.14
0.24
Number
of Jobs
77,000
15,800
-1,800
-5,100
3,300
-5,800
4,000
Last 12 months
Growth
Rate
(%)
1.36
0.98
0.40
0.72
-2.92
0.83
-0.65
Number
of Jobs
1,781,000
182,800
22,500
37,300
-14,800
33,190
-10,700
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 1,800 jobs in May 2012 at a rate of -0.03%, compared with a revised 2,800 job losses in April 2012.
Compared to May 2011, Illinois has added 22,500 jobs. The three-month moving average of jobs, a more stable
measure of labor market, was up by 1,700 jobs per month.
Illinois has lost 292,100 jobs since the economic crisis developed in December 2007.
Since January 2010 when Illinois employment resumed after the national recession, Illinois has added 112,500 new jobs.
The major geographic divisions, Chicago-Downstate and Metro-Rural both had mixed performance.
Illinois Rural area added 3,300 jobs at 0.67% this month, compared to a revised 4,700 job losses in April. At the
same time, Metro shed 5,100 jobs at -0.10% this month, compared to a revised 2,000 job gains in the previous
month.
Chicago shed 5,800 jobs at -0.14% in May 2012, compared to a revised 2,600 job gain last month. On the other
hand, Downstate added 4,000 jobs at 0.24%, compared to a revised 5,400 job losses in April.
In terms of the 12-month aggregated account, Metro registered a positive 0.72% growth by adding 37,300 jobs
whereas Rural shed 14,800 jobs at -2.92%. Chicago added 33,190 jobs at 0.83% whereas Downstate shed 10,700
jobs at -0.65%.
Through May 2012, the cumulative job growth for Metro, Rural, Chicago and Downstate compared to January
1990 stood at 8.58%, 3.09%, 7.94% and 8.44%, respectively.
Illinois Metro shed 5,100 jobs at -0.10% in May of 2012. Four out of the ten MSAs posted positive growth in May.
In terms of growth performance, five MSAs posted a net improvement from April to May, five declined in terms
of rank.
Decatur dropped to the last place in terms of monthly growth performance, while Bloomington-Normal climbed
up to the first place.
Over the last 12-month period, Davenport-Rock Island-Moline stayed in the last place while Peoria remained in
the top of the ranks.
Illinois Jobs Index: MSA REPORT
release 07/01/2012
www.real.illinois.edu
page 1
Total non-farm Employment growth Jan 1990 – May 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
May 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
-0.06%. The same rate for Upstate it is -0.10% 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 -0.22%.
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 May 2012, the average growth rate
for Illinois is 0.06%, for the RMW is 0.19% 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
Apr 2012 – May 2012
May 2012
Number
of Jobs
Growth
compared
to Illinois
90,600
102,800
4,056,000
177,700
52,600
43,300
185,500
149,000
111,100
233,000
+
+
+
+
+
-
Growth
Rate %
1.13
0.25
-0.14
-0.12
-0.69
-0.01
0.09
0.41
-0.21
-0.22
-0.03
release 07/01/2012
Number
Of Jobs
1,000
300
-5,8007
-200
-400
0
200
600
-200
-500
-1,800
Last 12 months
Growth
Rate %
Number
of Jobs
0
-1.25
0.83
-1.89
-0.57
2.67
2.76
2.33
-0.73
0.21
0.40
0
-1,300
33,190
-3,400
-300
1,100
5,000
3,400
-800
500
22,500
www.real.illinois.edu
page 2
MSA League Tables*: Non-farm Employment Growth Rate
Monthly growth:
Rank
Apr 2012
May 2012
Rank
Change**
1
Peoria (0.45%)
Bloomington-Normal (1.13%)
1
(+5)
2
Metro-East (0.24%)
Rockford (0.41%)
2
(+1)
3
Rockford (0.15%)
Champaign-Urbana-Rantoul (0.25%)
3
(+1)
4
Champaign-Urbana-Rantoul (0.08%)
Peoria (0.09%)
4
(-3)
5
Chicago (0.06%)
Kankakee (-0.01%)
5
(+3)
6
Bloomington-Normal (-0.02%)
Davenport-Rock Island-Moline (-0.12%)
6
(+4)
7
Springfield (-0.24%)
Chicago (-0.14%)
7
(-2)
8
Kankakee (-0.28%)
Springfield (-0.21%)
8
(-1)
9
Decatur (-0.5%)
Metro-East (-0.22%)
9
(-7)
10
Davenport-Rock Island-Moline (-0.92%)
Decatur (-0.69%)
10
(-1)
Growth over last 12-months:
Rank
Apr 2012
May 2012
Rank
Change**
1
Peoria (2.98%)
Peoria (2.76%)
1
(+0)
2
Kankakee (2.37%)
Kankakee (2.67%)
2
(+0)
3
Rockford (2.13%)
Rockford (2.33%)
3
(+0)
4
Chicago (0.89%)
Chicago (0.83%)
4
(+0)
5
Decatur (0.56%)
Metro-East (0.21%)
5
(+1)
6
Metro-East (0.55%)
Bloomington-Normal (0.01%)
6
(+2)
7
Springfield (-0.78%)
Decatur (-0.57%)
7
(-2)
8
Bloomington-Normal (-1.43%)
Springfield (-0.73%)
8
(-1)
9
Champaign-Urbana-Rantoul (-1.77%)
Champaign-Urbana-Rantoul (-1.25%)
9
(+0)
10
Davenport-Rock Island-Moline (-1.78%)
Davenport-Rock Island-Moline (-1.89%)
10
(+0)
Talking Points


MSA League
Tables





Metro-East (2nd to 9th) experienced the deepest fall this month.
Peoria (1st to 4th), Chicago (5th to 7th), Springfield (7th to 8th) and Decatur (9th to 10th) also dropped in terms
of rank from last month.
The most remarkable upward move in May was recorded for Bloomington-Normal (6th to 1st).
Rockford (3rd to 2nd), Champaign-Urbana (4th to 3rd), Kankakee (8th to 5th) and Davenport-Rock IslandMoline (10th to 6th) also gained in terms of rank from last month.
In the 12 months growth league table, upward moves were recorded for Metro-East (6th to 5th) and
Bloomington-Normal (8th to 6th) while downward moves were recorded for Decatur (5th to 7th) and
Springfield (7th to 8th).
Peoria, Kankakee, Rockford, Chicago and Champaign-Urbana-Rantoul remained in the same place.
In the 12 months growth league table, Davenport-Rock Island-Moline stayed in the last place while Peoria
remained in the top of the ranks.
*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 07/01/2012
www.real.illinois.edu
page 3
May 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)
2.46
4.09
12.88
0.79
12.19
18.33
11.09
10.00
(2.7%)
(4.5%)
(14.2%)
(0.9%)
(13.5%) (20.2%) (12.2%)
(11%)
3.18
8.03
17.35
2.35
4.26
7.94
13.13
10.23
Champaign-Urbana
(3.1%)
(7.8%)
(16.9%)
(2.3%)
(4.1%)
(7.7%)
(12.8%)
(10%)
123.57
384.37
809.93
76.00
275.04
706.57
611.27
375.88
Chicago
(3%)
(9.5%)
(20%)
(1.9%)
(6.8%)
(17.4%) (15.1%)
(9.3%)
7.81
23.93
37.74
2.52
8.00
20.91
25.95
16.79
Davenport-Rock
Island-Moline
(4.4%)
(13.5%) (21.2%)
(1.4%)
(4.5%)
(11.8%) (14.6%)
(9.4%)
3.27
10.73
10.88
0.70
1.99
3.80
8.34
4.58
Decatur
(6.2%)
(20.4%) (20.7%)
(1.3%)
(3.8%)
(7.2%)
(15.9%)
(8.7%)
1.15
5.10
10.09
0.50
1.91
2.84
8.78
3.95
Kankakee
(2.7%)
(11.8%) (23.3%)
(1.2%)
(4.4%)
(6.6%)
(20.3%)
(9.1%)
7.30
29.70
34.99
2.53
7.20
23.91
33.77
17.25
Peoria
(3.9%)
(16%)
(18.9%)
(1.4%)
(3.9%)
(12.9%) (18.2%)
(9.3%)
4.71
30.94
28.51
1.66
5.87
16.48
24.00
12.48
Rockford
(3.2%)
(20.8%) (19.1%)
(1.1%)
(3.9%)
(11.1%) (16.1%)
(8.4%)
4.41
3.33
17.16
1.81
6.98
12.07
19.24
9.81
Springfield
(4.0%)
(3.0%)
(15.4%)
(1.6%)
(6.3%)
(10.9%) (17.3%)
(8.8%)
190.41
576.39
1137.15
100.11
360.66
835.60
854.80
518.04
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
3.07
(3.4%)
3.20
(3.1%)
179.44
(4.4%)
7.46
(4.2%)
2.40
(4.6%)
1.72
(4.0%)
8.09
(4.4%)
8.54
(5.7%)
6.22
(5.6%)
244.49
(4.3%)
Government
(GOV)
15.69
(17.3%)
33.32
(32.4%)
511.22
(12.6%)
26.84
(15.1%)
5.82
(11.1%)
7.23
(16.7%)
20.88
(11.3%)
15.98
(10.7%)
29.93
(26.9%)
833.99
(14.7%)
Total non-farm Employment growth rate Jan 1990 – May 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 07/01/2012
www.real.illinois.edu
page 4
Employment Forecast for MSAs
May 2012*
May 2013
(p)*
90,500
Sector with
Highest
Growth
Rate
(p)
Sector with
Lowest
Growth Rate
(p)
Number of
Jobs *
Growth Rate
%
Growth
90,100
-400~500
-0.40%~0.60%
-
PRO (1.8%)
MAN (-10.1%)
102,600
102,500
-100~200
-0.10%~0.10%
-
INF (10.9%)
MAN (-1.7%)
Chicago
4,056,000
4,080,000
18,300~24,000
0.50%~0.60%
+
CON (-4.9%)
EDU (1.9%)
Davenport-Rock
Island-Moline
177,700
178,000
300~400
0.20%~0.40%
+
GOV (2.3%)
PRO (-6.0%)
Decatur
52,700
52,300
-400~400
-0.80%~0.60%
-
MAN (1.8%)
PRO (-7.1%)
Kankakee
43,100
43,100
0~200
0%~0.90%
+
MAN (2.9%)
CON (-6.9%)
Peoria
185,500
186,800
-400~1,900
0.70%~0.80%
+
MAN (5.5%)
INF (-4.4%)
Rockford
149,000
150,500
2,000~2,900
0.20%~1.00%
+
MAN (4.7%)
CON (-8.5%)
Springfield
111,000
110,800
-200~100
-0.30%~0.10%
-
EDU (2.5%)
INF (-11.5%)
MSAs
BloomingtonNormal
Champaign-UrbanaRantoul
*Total Non-Farm Jobs
Illinois Jobs Index: MSA REPORT
release 07/01/2012
www.real.illinois.edu
page 5
Illinois Jobs Index: MSA REPORT
release 07/01/2012
www.real.illinois.edu
page 6
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