IllinoisJob Index: MSA Report Release data Issue 06/01/2012 Jan 1990 / Apr 2012 15.05 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 May 2012 Nation Rest of Midwest (RMW) Illinois Illinois Metro Illinois non-Metro (Rural) Illinois Chicago (Upstate) Illinois non-Chicago Apr 2011 Number of Jobs 132,940,000 18,907,800 5,698,800 5,213,200 485,600 4,067,900 1,630,900 Mar 2012 – Apr 2012 Growth Rate (%) 0.06 0.13 0.00 0.16 -1.64 0.21 -0.50 Number of Jobs 77,000 24,100 100 8,200 -8,100 8,300 -8,200 Last 12 months Growth Rate (%) 1.35 0.89 0.49 0.84 -3.11 0.97 -0.68 Number of Jobs 1,767,000 167,600 28,000 43,600 -15,600 39,100 -11,100 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 100 jobs in April 2012, compared with a revised 9,800 job gains in March 2012. Compared to Apr 2011, Illinois has added 28,000 jobs. The three-month moving average of jobs, a more stable measure of labor market, was up by 6,300 jobs per month. Illinois has lost 289,100 jobs since the economic crisis developed in December 2007. Since January 2010 when Illinois employment resumed after the national recession, Illinois has added 117,200 new jobs. The major geographic divisions, Chicago-Downstate and Metro-Rural both had mixed performance. Illinois Rural area shed 8,100 jobs at -1.64% this month, compared to a revised 900 job losses in March. At the same time, Metro added 8,200 jobs at 0.16% this month, compared to a revised 10,700 job gains in the previous month. Chicago added 8,300 jobs at 0.21% in April 2012, compared to a revised 10,000 job gain last month. On the other hand, Downstate shed 8,200 jobs at -0.50%, compared to a revised 200 job losses in March. In terms of the 12-month aggregated account, Metro registered a positive 0.84% growth by adding 43,600 jobs whereas Rural shed 15,600 jobs at -3.11%. Chicago added 39,100 jobs at 0.97% whereas Downstate shed 11,100 jobs at -0.68%. Through April 2012, the cumulative job growth for Metro, Rural, Chicago and Downstate compared to January 1990 stood at 8.82%, 1.63%, 8.25% and 7.96%, respectively. Illinois Metro added 8,200 jobs at 0.16% in April of 2012. Four out of the ten MSAs posted positive growth in February. In terms of growth performance, six MSAs posted a net improvement from March to April, two declined in terms of rank. Davenport-Rock Island-Moline dropped to the last place in terms of monthly growth performance, while Peoria climbed up to the first place. Over the last 12-month period, Peoria stayed in the first place while Champaign-Urbana-Rantoul remained in the last place for the 14th consecutive months. Illinois Jobs Index: MSA REPORT release 06/01/2012 www.real.illinois.edu page 1 Total non-farm Employment growth Jan 1990 – Apr 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 April 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 also -0.09%. The same rate for Upstate it is -0.10% while for Downstate is -0.09%. Over the last 12-month period, the average growth rate for Metro was 0.07% and for Rural it was -0.24%. 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 Mar 2012, the average growth rate for Illinois is 0.10%, for the RMW is 0.23% while for the nation is 0.14%. Downstate registered a -0.32% 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 Number of Jobs 89,500 102,200 4,067,900 178,300 53,200 43,300 185,200 148,600 111,400 233,600 Mar 2012 – Apr 2012 Growth compared to Illinois + + + + Growth Rate % -0.05 -0.14 0.21 -0.70 -0.26 -0.46 0.42 0.29 -0.17 0.25 0.00 release 06/01/2012 Last 12 months Number Of Jobs Growth Rate % Number of Jobs -50 -100 8,300 -1,250 -100 -200 800 400 -200 600 100 -1.43 -2.05 0.97 -1.55 0.95 2.37 2.93 2.34 -0.69 0.56 0.49 -1,300 -2,100 39,100 -2,800 500 1,000 5,300 3,400 -800 1,300 28,000 www.real.illinois.edu page 2 MSA League Tables*: Non-farm Employment Growth Rate Monthly growth: Rank Mar 2012 Apr 2012 Rank Change** 1 Davenport-Rock Island-Moline (0.7%) Peoria (0.42%) 1 (+1) 2 Peoria (0.53%) Rockford (0.29%) 2 (+2) 3 Chicago (0.25%) Metro-East (0.25%) 3 (+2) 4 Rockford (0.09%) Chicago (0.21%) 4 (-1) 5 Metro-East (-0.06%) Bloomington-Normal (-0.05%) 5 (+1) 6 Bloomington-Normal (-0.11%) Champaign-Urbana-Rantoul (-0.14%) 6 (+3) 7 Springfield (-0.12%) Springfield (-0.17%) 7 (+0) 8 Decatur (-0.4%) Decatur (-0.26%) 8 (+0) 9 Champaign-Urbana-Rantoul (-0.65%) Kankakee (-0.46%) 9 (+1) 10 Kankakee (-0.74%) Davenport-Rock Island-Moline (-0.7%) 10 (-9) Growth over last 12-months: Rank Mar 2012 Apr 2012 Rank Change** 1 Peoria (3.02%) Peoria (2.93%) 1 (+0) 2 Kankakee (2.98%) Kankakee (2.37%) 2 (+0) 3 Rockford (2.54%) Rockford (2.34%) 3 (+0) 4 Decatur (1.6%) Chicago (0.97%) 4 (+1) 5 Chicago (1.09%) Decatur (0.95%) 5 (-1) 6 Metro-East (-0.12%) Metro-East (0.56%) 6 (+0) 7 Davenport-Rock Island-Moline (-0.5%) Springfield (-0.69%) 7 (+1) 8 Springfield (-0.51%) Bloomington-Normal (-1.43%) 8 (+1) 9 Bloomington-Normal (-1.41%) Davenport-Rock Island-Moline (-1.55%) 9 (-2) 10 Champaign-Urbana-Rantoul (-2.45%) Champaign-Urbana-Rantoul (-2.05%) 10 (+0) Talking Points MSA League Tables Davenport-Rock Island-Moline (1st to 10th) experienced the deepest fall this month. Chicago (3rd to 4th) also dropped in terms of rank from last month. The most remarkable upward move in April was recorded for Champaign-Urbana-Rantoul (9th to 6th). Rockford (4th to 2nd), Metro (5th to 3rd), Peoria (6th to 2nd) and Bloomington-Normal (6th to 5th) also gained in terms of rank from last month. In the 12 months growth league table, upward moves were recorded for Chicago (5th to 4th), Springfield (8th to 7th) and Bloomington-Normal (9th to 8th) while downward moves were recorded for Decatur (4th to 5th) and Davenport-Rock Island-Moline (8th to 9th). Peoria, Kankakee, Rockford, Metro-East and Champaign-Urbana-Rantoul remained in the same place. In the 12 months growth league table, Champaign-Urbana-Rantoul stayed in the last place for the 14th consecutive month. *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 06/01/2012 www.real.illinois.edu page 3 Apr 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) 2.54 3.99 12.66 0.79 12.22 18.35 11.07 9.89 (2.8%) (4.5%) (14.1%) (0.9%) (13.7%) (20.5%) (12.4%) (11.0%) 3.29 8.06 16.99 2.38 4.19 7.80 13.1 9.86 Champaign-Urbana (3.2%) (7.9%) (16.6%) (2.3%) (4.1%) (7.6%) (12.8%) (9.6%) 123.55 383.61 809.56 76.43 276.00 709.16 610.51 378.93 Chicago (3%) (9.4%) (19.9%) (1.9%) (6.8%) (17.4%) (15%) (9.3%) 7.72 23.91 37.81 2.49 8.02 21.83 25.99 16.50 Davenport-Rock Island-Moline (4.3%) (13.4%) (21.2%) (1.4%) (4.5%) (12.2%) (14.6%) (9.3%) 3.28 10.63 11.07 0.71 2.06 4.11 8.42 4.58 Decatur (6.2%) (20%) (20.8%) (1.3%) (3.9%) (7.7%) (15.8%) (8.6%) 1.14 5.03 10.32 0.51 1.92 2.76 8.79 3.99 Kankakee (2.6%) (11.6%) (23.8%) (1.2%) (4.4%) (6.4%) (20.3%) (9.2%) 7.37 29.15 34.83 2.54 7.19 24.02 33.69 17.26 Peoria (4.0%) (15.7%) (18.8%) (1.4%) (3.9%) (13%) (18.2%) (9.3%) 4.71 30.38 28.51 1.67 5.90 16.59 23.85 12.48 Rockford (3.2%) (20.4%) (19.2%) (1.1%) (4.0%) (11.2%) (16%) (8.4%) 4.48 3.34 17.2 1.81 7.00 12.15 19.37 9.86 Springfield (4.0%) (3.0%) (15.4%) (1.6%) (6.3%) (10.9%) (17.4%) (8.9%) 188.4 586.49 1135.85 100.3 364.34 854.41 853.76 529.68 IL (3.3%) (10.3%) (19.9%) (1.8%) (6.4%) (15%) (15%) (9.3%) * The Illinois Department of Employment Security does not collect sector employment data for Metro-East BloomingtonNormal 3.00 (3.4%) 3.08 (3.0%) 179.41 (4.4%) 7.40 (4.2%) 2.39 (4.5%) 1.72 (4.0%) 8.11 (4.4%) 8.60 (5.8%) 6.22 (5.6%) 245.6 (4.3%) Government (GOV) 15.07 (16.8%) 33.55 (32.8%) 514.11 (12.6%) 26.83 (15%) 5.98 (11.2%) 7.16 (16.5%) 21.2 (11.4%) 16.12 (10.8%) 30.06 (27%) 831.62 (14.6%) Total non-farm Employment growth rate Jan 1990 – Apr 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 06/01/2012 www.real.illinois.edu page 4 Employment Forecast for MSAs Apr 2012* Apr 2013 (p)* 89,500 Sector with Highest Growth Rate (p) Sector with Lowest Growth Rate (p) Number of Jobs * Growth Rate % Growth 90,200 200~700 0.2%~0.8% + PRO (2.2%) MAN (-9.9%) 102,200 102,200 0~200 0%~0.2% + CON (9.6%) MAN (-2.2%) Chicago 4,067,900 4,114,200 8,700~46,300 0.2%~1.1% + PRO (4.2%) CON (-3.7%) Davenport-Rock Island-Moline 178,300 178,300 0~1,300 0%~0.7% + EDU (1.9%) PRO (-3.9%) Decatur 53,200 53,200 0~200 0%~0.4% + CON (1.6%) INF (-4.7%) Kankakee 43,300 43,300 0~400 0%~0.9% + EDU (1.7%) CON (-5.2%) Peoria 185,200 188,600 1,900~3,300 1.0%~1.8% + PRO (5.1%) MAN (-2.8%) Rockford 148,600 150,300 700~1,600 0.5%~1.0% + MAN (4.6%) FIN (-8.1%) Springfield 111,500 111,000 -500~200 -0.4%~0.2% - EDU (3.5%) INF (-11.5%) MSAs BloomingtonNormal Champaign-UrbanaRantoul *Total Non-Farm Jobs Illinois Jobs Index: MSA REPORT release 06/01/2012 www.real.illinois.edu page 5 Illinois Jobs Index: MSA REPORT release 06/01/2012 www.real.illinois.edu page 6