Note: IDES revised their estimates for the number of jobs at the beginning of 2014.

IllinoisJob Index:

MSA Report
Release
Aug 29/2014 / data
Jan 1990 /July2014 / Issue
14.08 /
August
2014 / Total non-farm employment / July2014Number of Jobs / June2014 –July2014 / Last 12 months
Growth
Rate
(%) / Number of Jobs / Growth Rate
(%) / Number of Jobs
Nation / 139,004,000 / 0.15 / 209,000 / 1.88 / 2,570,000
Rest of Midwest (RMW) / 19,633,400 / 0.11 / 21,000 / 1.37 / 264,500
Illinois / 5,824,500 / 0.18 / 10,300 / 0.61 / 35,600
Illinois Metro / 5,345,000 / 0.18 / 9,500 / 0.76 / 40,400
Illinois non-Metro (Rural) / 479,500 / 0.16 / 800 / -0.99 / -4,800
IllinoisChicago (Upstate) / 4,208,900 / 0.24 / 10,300 / 1.05 / 43,500
Illinois non-Chicago / 1,615,600 / 0.00 / 50 / -0.49 / -7,900

As a companion to the June 2014 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.

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 /
  • Illinoisadded10,300 jobs in July2014, compared with a job gain of 7,000 inJune 2014. Compared to July 2013, Illinois has added 35,600 jobs. The three-month moving average of jobs, a more stable measure of the labor market, was up by 6,000 jobs per month.
  • Illinois has lost 163,400jobs since the economic crisis developed in December 2007.
  • Since January 2010 when Illinois employment resumed after the national recession, Illinois has added 239,600 new jobs.
  • The major geographic divisions, Chicago-Downstateand Metro-Rural allhad positive performance.
  • Illinois Rural areaadded800 jobs at0.16% this month, compared to a revised 1,100 jobloss inJune 2014. At the same time, Metro added9,500 jobs at 0.18% this month, compared to a revised 8,100 job gainin the previous month.
  • Chicago gained10,300 jobs at 0.24% in July2014, compared to a revised 7,800 job gainlast month. Meanwhile, Downstate has an unchanged employment level, compared to a revised 800 joblossinJune 2014.
  • In terms of the 12-month aggregated account, Metro registered a positive 0.76% growth by adding 40,400 jobs whereas Ruralshed4,800jobs at -0.99%. Chicago added43,500jobs at 1.05% whereas Downstate lost7,900 jobs at -0.49%.
  • Through July2014, the cumulative job growth for Metro, Rural, Chicago and Downstate compared to January 1990 stood at 11.57%, 0.36%,12.01% and6.95%respectively.

MSA
page (2-4) /
  • Illinois Metro added9,500 jobs at 0.18% in Julyof 2014. Four out of ten MSAs posted positive growth.
  • Since the job recovery resumed in Jan 2010 in Illinois, Chicago Upstate has shown an average growth rate of 10.67% which is the highest among all the IL MSAs; Champaign-Urbana-Rantoulhas experienced the lowest average growth rate,-3.81%.
  • In terms of growth performance,six MSAs posted a net improvement fromJune toJuly andthree declined in terms of rank.
  • Peoriadropped to the last place in terms of monthly growth performance, while Bloomington-Normalclimbed up to the firstplace.
  • Over the last 12-month period, Champaign-Urbana-Rantoulclimbed to the first place while Peoria dropped to the last place.

Total non-farm Employment growth Jan 1990 –July2014
Average Growth Rates for Illinois, RMW and the Nation
2010(%) / 2011(%) / 2012(%) / 2013(%) / 2014(%)
Illinois / 0.08 / 0.08 / 0.12 / 0.07 / -0.01
RMW / 0.09 / 0.13 / 0.12 / 0.12 / 0.09
Nation / 0.07 / 0.13 / 0.14 / 0.14 / 0.17
Talking Points
State, Downstate & Metro /
  • While the average growth for Illinois between 1990 and 2008 was 0.04%, the average from December 2007 toJuly2014was -0.01%. This is better than the performance during the 2000-2001 downturns which saw declines of -0.09%.
  • Since the economic crisis in December 2007, the average growth for Metro is -0.03% while for Rural it is -0.07%. The same rate for Chicago (Upstate)is -0.02% and for Downstate is-0.07%.
  • Over the last 12-month period, the average growth rate for Metro was 0.06% and for Rural it was-0.07%.
  • Downstate registered a-0.22% average job decline in 2014 compared to an average gain of 0.04% in 2007, -0.11% decline in 2008, -0.35% decline in 2009, 0.13% growth in 2010, 0.01% growth in 2011, 0.11% growth in 2012 and -0.03% decline in 2013.

By MSA

Market Area / July2014 Number of Jobs / June2014 –July2014 / Last 12 months
Growth compared to Illinois / Growth Rate % / Number
Of Jobs / Growth Rate % / Number
of Jobs
Bloomington-Normal (B-N) / 88,900 / + / 1.10 / 1,000 / -0.66 / -600
Champaign-Urbana (C-U-R) / 107,300 / + / 0.51 / 500 / 1.98 / 2,100
Chicago / 4,208,900 / + / 0.24 / 10,300 / 1.05 / 43,500
Davenport-Rock Island-Moline (D-R-M) / 183,100 / - / 0.05 / 100 / 0.27 / 500
Decatur / 51,100 / - / -0.04 / -20 / -0.50 / -300
Kankakee / 43,300 / - / -0.37 / -200 / -0.61 / -300
Peoria / 176,200 / - / -0.71 / -1,300 / -1.55 / -2,800
Rockford / 147,100 / - / -0.15 / -200 / 0.21 / 300
Springfield / 111,200 / - / -0.32 / -400 / -0.04 / -50
Metro-East / 227,900 / - / -0.18 / -400 / -0.99 / -2,300
Illinois / 0.18 / 10,300 / 0.61 / 35,600

MSA League Tables*: Non-farm Employment Growth Rate

Monthly growth:

Rank / June 2014 / July 2014 / Rank / Change**
1 / Champaign-Urbana-Rantoul(0.69%) / Bloomington-Normal(1.1%) / 1 / (+1)
2 / Bloomington-Normal(0.23%) / Champaign-Urbana-Rantoul(0.51%) / 2 / (-1)
3 / Springfield (0.21%) / Chicago(0.24%) / 3 / (+1)
4 / Chicago(0.17%) / Davenport-Rock Island-Moline(0.05%) / 4 / (+2)
5 / Decatur(0.12%) / Decatur(-0.04%) / 5 / (+0)
6 / Davenport-Rock Island-Moline(0.1%) / Metro-East(-0.14%) / 6 / (+2)
7 / Peoria(-0.18%) / Rockford (-0.15%) / 7 / (+2)
8 / Metro-East(-0.19%) / Springfield (-0.32%) / 8 / (-5)
9 / Rockford (-0.23%) / Kankakee(-0.37%) / 9 / (+1)
10 / Kankakee(-0.68%) / Peoria(-0.71%) / 10 / (-3)

Growth over last 12-months:

Rank / June2014 / July 2014 / Rank / Change**
1 / Springfield (1.4%) / Champaign-Urbana-Rantoul (1.98%) / 1 / (+1)
2 / Champaign-Urbana-Rantoul (1.09%) / Chicago (1.05%) / 2 / (+1)
3 / Chicago (0.76%) / Davenport-Rock Island-Moline (0.27%) / 3 / (+3)
4 / Kankakee (0.33%) / Rockford (0.21%) / 4 / (+1)
5 / Rockford (0.09%) / Springfield (-0.04%) / 5 / (-4)
6 / Davenport-Rock Island-Moline (-0.03%) / Decatur (-0.5%) / 6 / (+3)
7 / Metro-East (-0.6%) / Kankakee (-0.61%) / 7 / (-3)
8 / Peoria (-1.41%) / Bloomington-Normal (-0.66%) / 8 / (+2)
9 / Decatur (-1.54%) / Metro-East (-0.91%) / 9 / (-2)
10 / Bloomington-Normal (-1.83%) / Peoria (-1.55%) / 10 / (-2)
Talking Points
MSA League
Tables /
  • Springfield (3rd to 8th) experienced the deepest fall this month.
  • Champaign-Urbana-Rantoul(1st to 2nd)and Peoria (7thto 10th) alsodropped in terms of rank from last month.
  • The most remarkable upward moves inJuly were recorded forDavenport-Rock Island-Moline(6th to 4th), Metro-East (8th to 6th) and Rockford (9th to 7th).
  • Bloomington-Normal(2nd to 1st), Chicago (4th to 3rd) andKankakee (10th to 9th) also gained in terms of rank from last month.
  • In the 12 months growth league table, upward moves were recorded for Champaign-Urbana-Rantoul(2nd to 1st), Chicago (3rd to 2nd), Davenport-Rock Island-Moline (6th to 3rd), Rockford (5th to 4th), Decatur (9th to 6th) and Bloomington-Normal (10th to 8th) .
  • Downward moves were recorded for Springfield(1st to 5th), Kankakee (4th to 7th), Metro-East (7th to 9th) andPeoria (8th to 10th).
  • In the 12 months growth league table, Peoriadropped to the last place andChampaign-Urbana-Rantoulclimbed tothe 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.

July2014 MSA Employment by Sectors (000s) *
Market Area / Construc-tion (CON) / Manufac-turing (MAN) / Trade, transportation & utilities (TTU) / Informa-tion
(INF) / Financial activities (FIN) / Professional & business services (PRO) / Education & health (EDU) / Leisure & hospitality (LEI) / Other Services (OTH) / Govern-ment (GOV)
Bloomington-Normal / 2.23 (2.5%) / 4.28 (4.8%) / 13.3 (15%) / 0.69 (0.8%) / 12.39 (13.9%) / 16.97 (19.1%) / 10.09 (11.4%) / 10.93 (12.3%) / 3.52 (4%) / 14.15 (15.9%)
Champaign-Urbana / 3.1 (2.9%) / 7.83 (7.3%) / 16.95 (15.8%) / 2.55 (2.4%) / 4.46 (4.2%) / 8.2 (7.6%) / 14.18 (13.2%) / 11.58 (10.8%) / 3.57 (3.3%) / 34.92 (32.5%)
Chicago / 138.65 (3.3%) / 371.11 (8.8%) / 845.35 (20.1%) / 77.83 (1.8%) / 279.64 (6.6%) / 762.43 (18.1%) / 637.67 (15.2%) / 395.61 (9.4%) / 179.73 (4.3%) / 517.33 (12.3%)
Davenport-Rock Island-Moline / 8.09 (4.4%) / 24.08 (13.2%) / 39.52 (21.6%) / 2.5 (1.4%) / 8.06 (4.4%) / 24.06 (13.1%) / 25.76 (14.1%) / 18.77 (10.3%) / 7.21 (3.9%) / 25.06 (13.7%)
Decatur / 3.63 (7.1%) / 9.87 (19.3%) / 10.75 (21.1%) / 0.59 (1.2%) / 1.87 (3.7%) / 3.15 (6.2%) / 8.23 (16.1%) / 4.96 (9.7%) / 2.28 (4.5%) / 5.5 (10.8%)
Kankakee / 8.09 (4.4%) / 24.08 (13.2%) / 39.52 (21.6%) / 2.5 (1.4%) / 8.06 (4.4%) / 24.06 (13.1%) / 25.76 (14.1%) / 18.77 (10.3%) / 7.21 (3.9%) / 25.06 (13.7%)
Peoria / 3.63 (7.1%) / 9.87 (19.3%) / 10.75 (21.1%) / 0.59 (1.2%) / 1.87 (3.7%) / 3.15 (6.2%) / 8.23 (16.1%) / 4.96 (9.7%) / 2.28 (4.5%) / 5.5 (10.8%)
Rockford / 1.27 (2.9%) / 5.61 (13%) / 9.94 (23%) / 0.5 (1.2%) / 2.06 (4.8%) / 3.05 (7.1%) / 8.71 (20.1%) / 3.81 (8.8%) / 1.7 (3.9%) / 6.61 (15.3%)
Springfield / 7.5 (4.3%) / 26.28 (14.9%) / 32.33 (18.3%) / 2.17 (1.2%) / 7.37 (4.2%) / 20.63 (11.7%) / 33.23 (18.9%) / 17.82 (10.1%) / 8.03 (4.6%) / 20.73 (11.8%)
IL / 201.31 (3.5%) / 572.3 (9.9%) / 1167.48 (20.1%) / 96.33 (1.7%) / 369.77 (6.4%) / 900.85 (15.5%) / 881.97 (15.2%) / 544.67 (9.4%) / 253.62 (4.4%) / 832.62 (14.4%)

* The Illinois Department of Employment Security does not collect sector employment data for Metro-East

Total non-farm Employment growth rate Jan 1990 –July2014

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.

Employment Forecast for MSAs

MSAs / July2014* / July2015 (p)* / Number of Jobs * / Growth Rate % / Growth / Sector with
Highest
Growth Rate
(p) / Sector with Lowest Growth Rate (p)
Bloomington-Normal / 88,900 / 87,700 / -1,200 ~ -800 / -1.31%~ -0.92% / - / LEI(1.40%) / INF (-7.50%)
Champaign-Urbana-Rantoul / 107,300 / 106,800 / -500~0 / -0.42%~-0.02% / - / EDU (2.01%) / MAN (-4.36%)
Chicago / 4,208,900 / 4,230,500 / 21,600~47,000 / 0.51%~1.12% / + / CON(5.36%) / OTH (-1.10%)
Davenport-Rock Island-Moline / 183,100 / 183,300 / 200~800 / 0.10%~0.46% / + / PRO (2.88%) / INF (-2.86%)
Decatur / 51,100 / 50,600 / -500~-400 / -0.89%~-0.76% / - / PRO (2.72%) / INF (-3.59%)
Kankakee / 43,300 / 43,200 / -100~0 / -0.24%~0.06% / - / EDU (1.70%) / TTU(-2.50%)
Peoria / 176,200 / 175,500 / -700~-500 / -0.20%~-0.10% / - / TTU (1.57%) / FIN (-3.30%)
Rockford / 147,100 / 147,500 / 400~5000 / 0.26%~0.34% / + / PRO (2.04%) / INF (-7.77%)
Springfield / 111,200 / 111,600 / 400~600 / 0.34%~0.51% / + / PRO (10.43%) / INF (-11.78%)

*Total Non-Farm Jobs

Illinois Jobs Index: MSA REPORT / release 8/29/2014 / / page 1