Employment Growth



Note: IDES revised their estimates for the number of jobs at the beginning of 2020. Illinois Job Index:MSA ReportReleaseJuly 29/2020dataJan 1990 /June 2020Issue20.07real.illinois.eduJune2020Total non-farm employmentJune 2020 Number of JobsMay 2020 – June 2020Last 12 monthsGrowth Rate (%)Number of JobsGrowth Rate(%)Number of JobsNation137,802,0003.614,800,000-8.59-12,957,000Rest of Midwest (RMW)18,703,4004.78853,400-9.43-1,947,400Illinois5,524,7002.65142,800-9.77-598,300Illinois Metro4,882,4002.63125,100-9.46-510,200Illinois non-Metro (Rural)642,3002.8417,700-12.06-88,100Illinois Chicago (Upstate)3,818,4002.6297,500-9.68-409,100Illinois non-Chicago 1,706,3002.7345,300-9.98-189,200As a companion to the July 2020 Illinois Job Index that reports and 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 PointsState, Downstate & MetroIllinois gain 142,800 jobs in June 2020, compared to a revised 59,600-job gain in May 2020. The three-month moving average, a more stable measure of labor market, showed a decrease of 178,700 jobs per month.The state of Illinois now has 457,200 less jobs than in December 2007 when the recent recession started. Since January 2010, when Illinois employment growth resumed after the Great Recession, Illinois has lost 55,900 new jobs.Chicago-Downstate and Metro-Rural all had positive performances. Illinois Rural area gain 17,700 jobs at 2.84% this month, compared to a revised 22,800-job gain in May 2020. At the same time, Metro gain 125,100 jobs at 2.63% in June compared to a revised 36,800-job lost in the previous month.Chicago gain 97,500-job at 2.62% in June 2020, compared to a revised 30,100-job gain in May 2020. Meanwhile, Downstate gain 45,300 jobs at 2.73%, compared to a revised 29,500-job gain in the previous month.In terms of the 12-month aggregated account, Metro registered a negative 9.46% growth by losing 510,200 jobs while Rural loss 88,100 jobs at negative 12.06%. Chicago lost 409,100 jobs at negative 9.68% and Downstate lost 189,200 jobs at negative 9.98%.Through June 2020, the cumulative job growth for Metro, Rural, Chicago and Downstate compared to January 1990 stood at 5.96%, -2.60%, 6.94% and 0.57% respectively.MSApage (2-4)Illinois Metro gain 125,100 jobs at 2.63% in June 2020. Six out of ten MSAs posted growth.Since the job recovery resumed in January 2010 in Illinois, Kankakee has shown an growth rate over the 2010-2020 period of 5.52%, which is the highest among all the IL MSAs; Peoria has experienced the lowest average growth rate, -11.36%.In terms of growth performances, six MSA posted net improvements from May to June and three declined in terms of rank. Davenport-Rock Island-Moline moved up reaching the first place in terms of monthly growth performance, while Metro-East dropped to the last place. In the 12-month growth league table, Kankakee remained at the first place and Peoria remained at the last place.Total non-farm Employment growth Jan 1990 – June 2020-61595-293624000 Talking PointsState, Downstate & MetroWhile the average growth for Illinois between 1990 and 2008 was 0.04%, the average from December 2007 to May 2020 was -0.047%. This is better than the performance during the 2000-2001 downturns which saw a decline of -0.09%.Since the economic crisis in December 2007, the average growth for Metro is -0.04% while for Rural it is -0.10%. The same rate for Chicago (Upstate) is -0.03% and for Downstate it is -0.09%.Over the last 12-month period, the average growth rate for Metro was -0.77% and for Rural it was -0.90%.Downstate registered a -0.79% average job decrease in 2020, 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, -0.03% decline in 2013, 0.08% job growth in 2014, -0.01% job loss in 2015, 0.04% growth in 2016, 0.12% growth in 2017, 0.07% growth in 2018, and 0.05% growth in 2019. Average Growth Rates for Illinois, RMW and the Nation2015(%)2016(%)2017(%)2018(%)2019 (%)2020 (%)Illinois 0.000.030.040.100.06-1.56RMW0.120.110.140.130.03-1.42Nation0.160.130.120.150.12-1.45By MSAMarket AreaJune 2020 Number of JobsMay 2020 – Jun 2020Last 12 monthsGrowth compared to IllinoisGrowth Rate %NumberOf Jobs Growth Rate %Number of JobsBloomington-Normal (B-N)83,700-1.611,300-10.06-9,400Champaign-Urbana (C-U-R)107,800+3.493,600-5.92-6,800Chicago3,818,400-2.6297,500-9.68-409,100Davenport-Rock Island-Moline (D-R-M)174,900+4.757,900-6.51-12,200Decatur45,100+3.751,600-11.34-5,800Kankakee44,000+2.891,200-5.16-2,400Peoria148,700+3.645,200-13.19-22,600Rockford133,500-2.393,100-11.41-17,200Springfield100,800+2.972,900-9.03-10,000Metro-East225,700-0.271,000-6.16-14,800Illinois2.65142,800-9.77-598,300MSA League Tables*: Non-farm Employment Growth RateMonthly growth: RankMay 2020June 2020RankChange**1Bloomington-Normal (2.92%)Davenport-Rock Island-Moline (4.75%)1 (+6)2Kankakee (2.6%)Decatur (3.75%)2 (+4)3Peoria (1.13%)Peoria (3.64%)3 (+0)4Chicago (1.06%)Champaign-Urbana-Rantoul (3.49%)4 (+6)5Rockford (1.01%)Springfield (2.97%)5 (+3)6Decatur (0.95%)Kankakee (2.89%)6 (-4)7Davenport-Rock Island-Moline (0.91%)Chicago (2.62%)7 (-3)8Springfield (0.48%)Rockford (2.39%)8 (-3)9Metro-East (-0.12%)Bloomington-Normal (1.61%)9 (-8)10Champaign-Urbana-Rantoul (-0.21%)Metro-East (0.27%)10 (-1)Growth over last 12-months: RankMay 2020June 2020RankChange**1Kankakee (-5.19%)Kankakee (-5.16%)1 (+0)2Metro-East (-6.4%)Champaign-Urbana-Rantoul (-5.92%)2 (+1)3Champaign-Urbana-Rantoul (-8.63%)Metro-East (-6.16%)3 (-1)4Bloomington-Normal (-10.6%)Davenport-Rock Island-Moline (-6.51%)4 (+1)5Davenport-Rock Island-Moline (-10.68%)Springfield (-9.03%)5 (+2)6Chicago (-11.93%)Chicago (-9.68%)6 (+0)7Springfield (-11.98%)Bloomington-Normal (-10.06%)7 (-3)8Rockford (-13.25%)Decatur (-11.34%)8 (+1)9Decatur (-14.7%)Rockford (-11.41%)9 (-1)10Peoria (-16.67%)Peoria (-13.19%)10 (+0)Talking PointsMSA LeagueTablesBloomington-Normal (1st to 9th) experienced the deepest fall in June 2020.The most remarkable upward move in June was record for Davenport-Rock Island-Moline (7th to 1st) and Champaign-Urbana-Rantoul (10th to 4th).In the 12-month growth league table, upward moves were recorded for Champaign-Urbana-Rantoul (3rd to 2nd), Davenport-Rock Island-Moline (5th to 4th), Springfield (7th to 5th), and Decatur (9th to 8th). Downward moves were recorded for Bloomington-Normal (4th to 7th), Metro-East (2nd to 3rd), and Rockford (8th to 9th).In the 12-month growth league table, Kankakee remained at the first place and Peoria remained at the last 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 monthJune 2020 MSA Employment by Sectors (000s) *Market AreaConstruc-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-Normal2.73 (3.3%)3.55 (4.2%)12.95 (15.5%)0.51 (0.6%)19.94 (23.8%)8.41 (10%)10.14 (12.1%)7.16 (8.6%)3.27 (3.9%)14.92 (17.8%)Champaign-Urbana3.76 (3.5%)7.11 (6.6%)16.05 (14.9%)1.8 (1.7%)4.54 (4.2%)7.35 (6.8%)15.85 (14.7%)9.76 (9.1%)3.03 (2.8%)38.71 (35.9%)Chicago139.66 (3.7%)331.71 (8.7%)794.24 (20.8%)71.1 (1.9%)289.97 (7.6%)719.31 (18.8%)618.17 (16.2%)272.61 (7.1%)156.83 (4.1%)430.4 (11.3%)Davenport-Rock Island-Moline9.87 (5.6%)22.58 (12.9%)36.77 (21%)1.4 (0.8%)7.21 (4.1%)22.91 (13.1%)26.93 (15.4%)16.66 (9.5%)6.89 (3.9%)23.56 (13.5%)Decatur2.53 (5.6%)10.3 (22.8%)9.5 (21.1%)0.3 (0.7%)1.77 (3.9%)2.05 (4.5%)7.67 (17%)3.01 (6.7%)2.48 (5.5%)5.45 (12.1%)Kankakee1.28 (2.9%)7.01 (15.9%)9.74 (22.2%)0.3 (0.7%)1.4 (3.2%)5.24 (11.9%)7.91 (18%)4.27 (9.7%)1.3 (3%)5.41 (12.3%)Peoria7.03 (4.7%)21.69 (14.6%)29.31 (19.7%)1.79 (1.2%)6.64 (4.5%)19.98 (13.4%)29.12 (19.6%)8.42 (5.7%)6.95 (4.7%)18.23 (12.3%)Rockford5.54 (4.1%)28.08 (21%)29.21 (21.9%)1.38 (1%)5.09 (3.8%)10.94 (8.2%)22.98 (17.2%)8.98 (6.7%)7.78 (5.8%)13.68 (10.2%)Springfield2.7 (2.7%)2.59 (2.6%)16 (15.9%)3 (3%)6.16 (6.1%)11.21 (11.1%)21.2 (21%)7.52 (7.5%)5.48 (5.4%)25.28 (25.1%)IL215.52 (3.9%)556.15 (10%)1145.63 (20.7%)89.04 (1.6%)400.28 (7.2%)864.65 (15.6%)878.64 (15.9%)410.25 (7.4%)223.96 (4%)756.44 (13.7%)* The Illinois Department of Employment Security does not collect sector employment data for Metro-EastTotal non-farm Employment growth rate Jan 1990 – June 2020MSA 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. & Sangamon Co. The MSA data (unless noted) were seasonally adjusted to be consistent with state totals.Employment Forecast for MSAsMSAsJune 2020* June 2021 (p)*Number of Jobs *Growth Rate %GrowthSector withHighestGrowth Rate(p)Sector with Lowest Growth Rate (p)Bloomington-Normal83,70084,7001,000 ~ 3,0001.18% ~ 3.62%+GOV (7.08%)INF (-17.42%)Champaign-Urbana-Rantoul107,800109,2001,500 ~ 2,9001.37% ~ 2.65%+LEI (8.30%)MAN (-6.59%)Chicago3,818,4004,045,100 66,400 ~ 226,7001.74% ~ 5.94%+EDU (16.92%)MAN (-12.05%)Davenport-Rock Island-Moline174,900168,500-6,400 ~ 200-3.65% ~ 0.11%-OTH (1.32%)LEI (-11.26%)Decatur45,10040,600-4,500 ~ -600-10.01% ~ -1.27%-LEI (12.31%)TTU (-15.22%)Kankakee44,00042,500-1,400 ~ -400-3.24% ~ -0.87%-INF (3.62%)LEI (-8.14%)Peoria148,700147,300-1,300 ~ 400-0.90% ~ 0.27%-LEI (37.61%)MAN (-6.54%)Rockford133,500132,000-1,500 ~ 6,200-1.12% ~ 4.65%-GOV (2.18%)LEI (-11.83%)Springfield100,800100,200-600 ~ 700-0.57% ~ 0.64%-LEI (9.14%)MAN (-15.90%)3412490253365154305255905 *Total Non-Farm Jobs 3411855259715152400254635 3430905250825211455250825 343090523082252114552308225 21163767310 ................
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