IllinoisJob Index: MSA Report

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IllinoisJob Index:
MSA Report
Release
data
Issue
03/26/2011
Jan 1990 / Jan 2012
15.02
Note: IDES revised their estimates for the number of jobs at the beginning of 2011.
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
February
2012
Nation
Rest of Midwest (RMW)
Illinois
Illinois Metro
Illinois non-Metro (Rural)
Illinois Chicago (Upstate)
Illinois non-Chicago
Jan 2011
Number of
Jobs
132,470,000
18,838,300
5,679,800
5,192,500
487,300
4,044,800
1,635,000
Dec 2011 – Jan 2011
Growth
Rate
(%)
0.21
0.54
0.07
0.53
-4.63
0.41
-0.77
Number
of Jobs
284,000
101,100
3,800
27,500
-23,700
16,500
-12,700
Last 12 months
Growth
Rate
(%)
1.54
0.83
0.52
0.94
-3.81
1.01
-0.68
Number
of Jobs
2,014,000
155,500
29,200
48,500
-19,300
40,500
-11,300
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 3,800 jobs in Jan 2012 at a rate of 0.07%, compared with a revised 1,800 job gains in Dec 2011.
Compared to Jan 2011, Illinois has added 29,200 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 306,400 jobs since the economic crisis developed in December 2007.
Since January 2010 when Illinois employment resumed after the national recession, Illinois has added 98,200 new jobs.
The major geographic divisions, Chicago-Downstate and Metro-Rural all had mixed performance.
Illinois Rural area shed 23,700 jobs at -4.63% this month, compared to a revised 4,600 job gain in Dec. At the
same time, Metro added 27,500 jobs at 0.53% this month, compared to a revised 2,800 job losses in the previous
month.
Chicago added 16,500 jobs at 0.41% in Jan 2012, compared to a revised 1,200 job losses last month. On the other
hand, Downstate shed 12,700 jobs at -0.77%, compared to a revised 3,000 job gain in Dec.
In terms of the 12-month aggregated account, Metro registered a positive 0.94% growth by adding 48,500 jobs
whereas Rural shed 19,300 jobs at -3.81%. Chicago added 40,500 jobs at 1.01% whereas Downstate shed 11,300
jobs at -0.68%.
Through Jan 2011, the cumulative job growth for Metro, Rural, Chicago and Downstate compared to January
1990 stood at 8.39%, 2.00%, 7.64% and 8.23%, respectively.
Illinois Metro added 27,500 jobs at 0.53% in Jan of 2012. Seven out of the ten MSAs posted positive growth in
January.
In terms of growth performance, four MSAs posted a net improvement from Dec to Jan, six declined in terms of
rank.
Decatur dropped to the last place in terms of monthly growth performance, while Champaign-Urbana-Rantoul
climbed up to the first place.
Over the last 12-month period, Kankakee raised to the first place while Champaign-Urbana-Rantoul remained in
the last place for the eleventh consecutive months.
Illinois Jobs Index: MSA REPORT
release 03/26/2011
www.real.illinois.edu
page 1
Total non-farm Employment growth Jan 1990 – Jan 2012
130.0
125.0
120.0
115.0
110.0
105.0
100.0
US (1)
RMW (2)
IL (3)
IL_NonChicago (4)
Metro (5)
Rural (6)
95.0
90.0
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
Dec 2011 is -0.10%. 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 -0.11% while for Rural it is
-0.09%. The same rate for Upstate it is -0.11% while for Downstate is -0.09%.
Over the last 12-month period, the average growth rate for Metro was 0.08% and for Rural it was -0.31%.
Illinois performed worse than the RMW and the nation in terms of yearly aggregate trend in 2009. 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. From Jan to Dec 2011, the average growth rate
for Illinois and the RMW is 0.05% while for the nation is 0.12%.
Downstate registered a 0.04% average growth rate in 2011 compared to an average gain of 0.10% growth in
2007, -0.17% decline in 2008, -0.32% decline in 2009 and 0.09% growth in 2010.
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
Jan 2011
Number of
Jobs
89,100
104,400
4,044,800
178,000
52,600
43,700
182,100
147,700
112,700
237,500
Dec 2011 – Jan 2011
Growth
compared
to Illinois
+
+
+
+
+
+
+
Growth
Rate %
-0.43
3.36
0.41
0.50
-0.55
1.62
-0.41
1.19
0.37
2.27
0.07
release 03/26/2011
Number
Of Jobs
-400
3,400
16,500
900
-300
700
-700
1,700
400
5,300
3,800
Last 12 months
Growth
Rate %
Number
of Jobs
-1.65
-2.49
1.01
-1.39
1.10
2.97
1.59
2.29
0.91
2.47
0.52
-1,500
-2,700
40,500
-2,500
600
1,300
2,900
3,300
1,000
5,700
29,200
www.real.illinois.edu
page 2
MSA League Tables*: Non-farm Employment Growth Rate
Monthly growth:
Rank
Dec 2011
Jan 2012
Rank
Change**
1
Metro-East(0.94%)
Champaign-Urbana-Rantoul(3.36%)
1
(+9)
2
Springfield (0.3%)
Metro-East(2.27%)
2
(-1)
3
Peoria (0.23%)
Kankakee (1.62%)
3
(+4)
4
Chicago (-0.03%)
Rockford (1.19%)
4
(+2)
5
Decatur (-0.12%)
Davenport-Rock Island-Moline (0.5%)
5
(+4)
6
Rockford (-0.18%)
Chicago (0.41%)
6
(-2)
7
Kankakee (-0.26%)
Springfield (0.37%)
7
(-5)
8
Bloomington-Normal (-0.73%)
Peoria (-0.41%)
8
(-5)
9
Davenport-Rock Island-Moline(-0.91%)
Bloomington-Normal (-0.43%)
9
(-1)
10
Champaign-Urbana-Rantoul (-1.67%)
Decatur (-0.55%)
10
(-5)
Growth over last 12-months:
Rank
Dec 2011
Jan 2012
Rank
Change**
1
Peoria (2.12%)
Kankakee (2.97%)
1
(+3)
2
Decatur (1.01%)
Metro-East (2.47%)
2
(+5)
3
Rockford (0.99%)
Rockford (2.29%)
3
(+0)
4
Kankakee (0.73%)
Peoria (1.59%)
4
(-3)
5
Chicago (0.62%)
Decatur (1.1%)
5
(-3)
6
Springfield (0.17%)
Chicago (1.01%)
6
(-1)
7
Metro-East (0.08%)
Springfield (0.91%)
7
(-1)
8
Davenport-Rock Island-Moline (-1.38%)
Davenport-Rock Island-Moline (-1.39%)
8
(+0)
9
Bloomington-Normal (-1.39%)
Bloomington-Normal (-1.65%)
9
(+0)
10
Champaign-Urbana-Rantoul (-2.62%)
Champaign-Urbana-Rantoul (-2.49%)
10
(+0)
Talking Points




MSA League
Tables



Springfield (2nd to 7th), Peoria (3rd to 8th) and Decatur (5th to 10th) all experienced the deepest fall this month.
Chicago (4th to 6th), Bloomington-Normal (8th to 9th) and Metro-East (1st to 2nd) also dropped in terms of
rank from last month.
The most remarkable upward move in January was recorded for Champaign-Urbana-Rantoul (10th to 1st).
Kankakee (7th to 3rd), Davenport-Rock Island-Moline (9th to 5th), Rockford (6th to 4th) also gained in terms of
rank from last month.
In the 12 months growth league table, upward moves were recorded for Kankakee (4th to 1st) and Metro-East
(7th to 2nd) while downward moves were recorded for Peoria (1st to 4th), Decatur (2nd to 5th), Chicago (5th to
6th) and Springfield (6th to 7th).
Rockford, Davenport-Rock Island-Moline, Bloomington-Normal 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 eleventh
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 03/26/2011
www.real.illinois.edu
page 3
Jan 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)
2.61
4.02
12.71
0.81
12.12
18.25
11.03
9.86
(2.9%)
(4.5%)
(14.3%)
(0.9%)
(13.6%) (20.5%) (12.4%) (11.1%)
3.35
7.87
16.99
2.60
4.35
7.72
13.04
10.2
Champaign-Urbana
(3.2%)
(7.5%)
(16.3%)
(2.5%)
(4.2%)
(7.4%)
(12.5%)
(9.8%)
123.34
377.93
808.83
76.69
277.52
694.89
609.13
377.00
Chicago
(3%)
(9.3%)
(20%)
(1.9%)
(6.9%)
(17.2%) (15.1%)
(9.3%)
7.90
22.92
37.91
2.50
8.05
21.46
25.75
16.8
Davenport-Rock
Island-Moline
(4.4%)
(12.9%) (21.3%)
(1.4%)
(4.5%)
(12.1%) (14.5%)
(9.4%)
3.27
10.53
10.83
0.70
2.02
4.12
8.28
4.51
Decatur
(6.2%)
(20%)
(20.6%)
(1.3%)
(3.9%)
(7.8%)
(15.8%)
(8.6%)
1.24
4.98
10.42
0.51
1.91
2.78
8.92
4.02
Kankakee
(2.9%)
(11.4%) (23.9%)
(1.2%)
(4.4%)
(6.4%)
(20.4%)
(9.2%)
7.70
27.39
34.89
2.56
7.24
22.92
32.81
17.17
Peoria
(4.2%)
(15%)
(19.2%)
(1.4%)
(4.0%)
(12.6%)
(18%)
(9.4%)
4.66
30.09
28.13
1.72
5.88
16.12
23.83
12.28
Rockford
(3.2%)
(20.4%)
(19%)
(1.2%)
(4.0%)
(10.9%) (16.1%)
(8.3%)
4.64
3.25
17.53
1.92
7.24
12.34
19.63
10.09
Springfield
(4.1%)
(2.9%)
(15.5%)
(1.7%)
(6.4%)
(10.9%) (17.4%)
(8.9%)
189.71
578.26
1136.75
99.73
365.4
842.82
852.9
525.99
IL
(3.3%)
(10.2%)
(20%)
(1.8%)
(6.4%)
(14.8%)
(15%)
(9.3%)
* The Illinois Department of Employment Security does not collect sector employment data for Metro-East
BloomingtonNormal
Government
(GOV)
3.09
(3.5%)
3.17
(3.0%)
180.29
(4.5%)
7.43
(4.2%)
2.37
(4.5%)
1.73
(4.0%)
7.96
(4.4%)
8.58
(5.8%)
6.31
(5.6%)
246.85
(4.3%)
14.70
(16.5%)
35.34
(33.9%)
516.15
(12.8%)
26.94
(15.1%)
5.91
(11.2%)
7.05
(16.1%)
21.23
(11.7%)
15.88
(10.8%)
29.71
(26.4%)
833.17
(14.7%)
Total non-farm Employment growth rate Jan 1990 – Jan 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 03/26/2011
www.real.illinois.edu
page 4
Employment Forecast for MSAs
Jan 2012*
Jan 2013
(p)*
89100
Sector with
Highest
Growth
Rate
(p)
Sector with
Lowest
Growth
Rate (p)
Number of
Jobs *
Growth Rate
%
Growth
89700
150~600
0.16%~0.70%
+
PRO (2%)
MAN (-10%)
104400
102800
-1600~800
-1.60%~0.80%
-
CON (3%)
MAN (-5%)
Chicago
4044800
4088400
1700~43600
0.04%~1.10%
+
MAN (6%)
CON (-7%)
Davenport-Rock
Island-Moline
178000
175900
-2100~1500
-1.20%~0.80%
-
EDU (3%)
PRO (-7%)
Decatur
52600
51500
-1100~600
-2.10%~1.20%
-
LEI (1.3%)
PRO (-7%)
Kankakee
43700
43700
0~400
0%~0.90%
+
EDU (1.5%)
CON (-6%)
Peoria
182100
179500
-2500~1900
-1.40%~1.00%
-
CON (2%)
MAN (-5%)
Rockford
147700
149900
1600~2200
1.00%~1.50%
+
MAN (5%)
CON (-12%)
Springfield
112700
112900
30~140
0%~0.10%
+
EDU (4%)
INF (-6%)
MSAs
BloomingtonNormal
ChampaignUrbana-Rantoul
*Total Non-Farm Jobs
Illinois Jobs Index: MSA REPORT
release 03/26/2011
www.real.illinois.edu
page 5
Illinois Jobs Index: MSA REPORT
release 03/26/2011
www.real.illinois.edu
page 6
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