Employment Growth



Note: IDES revised their estimates for the number of jobs at the beginning of 2020. Illinois Job Index:MSA ReportReleaseAug 29/2020dataJan 1990 /July 2020Issue20.08real.illinois.eduJuly2020Total non-farm employmentJuly 2020 Number of JobsJune 2020 – July 2020Last 12 monthsGrowth Rate (%)Number of JobsGrowth Rate(%)Number of JobsNation139,582,0001.281,763,000-7.53-11,371,000Rest of Midwest (RMW)19,030,5001.84343,000-7.87-1,626,600Illinois5,617,4001.6993,200-8.29-508,000Illinois Metro4,949,1001.5374,600-8.20-442,100Illinois non-Metro (Rural)668,3002.8618,600-8.97-65,900Illinois Chicago (Upstate)3,874,1001.5860,200-8.29-350,100Illinois non-Chicago 1,743,3001.9333,000-8.30-157,900As a companion to the August 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 gained 93,200 jobs in July 2020, compared to a revised 142,300-job gain in June 2020. The three-month moving average, a more stable measure of labor market, showed an increase of 98,400 jobs per month.The state of Illinois now has 364,500 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 gain 36,800 new jobs.Chicago-Downstate and Metro-Rural all had positive performances. Illinois Rural area gained 18,600 jobs at 2.86% this month, compared to a revised 31,900-job gain in June 2020. At the same time, Metro gain 74,600 jobs at 1.53% in July compared to a revised 110,400-job lost in the previous month.Chicago gained 60,200-job at 1.58% in July 2020, compared to a revised 86,400-job gain in June 2020. Meanwhile, Downstate gained 33,000 jobs at 1.93%, compared to a revised 55,900-job gain in the previous month.In terms of the 12-month aggregated account, Metro registered a negative 8.20% growth by losing 442,100 jobs while Rural loss 65,900 jobs at negative 8.97%. Chicago lost 350,100 jobs at negative 8.29% and Downstate lost 157,900 jobs at negative 8.30%.Through July 2020, the cumulative job growth for Metro, Rural, Chicago and Downstate compared to January 1990 stood at 7.40%, 1.35%, 8.50% and 2.75% respectively.MSApage (2-4)Illinois Metro gained 74,600 jobs at 1.53% in July 2020. Four out of ten MSAs posted growth.Since the job recovery resumed in January 2010 in Illinois, Kankakee has shown a growth rate over the 2010-2020 period of 5.46%, which is the highest among all the IL MSAs; Peoria has experienced the lowest average growth rate, -10.25%.In terms of growth performances, four MSA posted net improvements from June to July and four declined in terms of rank. Rockford moved up reaching the first place in terms of monthly growth performance, while Davenport-Rock Island-Moline dropped to the last place. In the 12-month growth league table, Champaign-Urbana-Rantoul remained at the first place and Peoria remained at the last place.Total non-farm Employment growth Jan 1990 – July 2020173990-331914500 Talking PointsState, Downstate & MetroWhile the average growth for Illinois between 1990 and 2008 was 0.04%, the average from December 2007 to July 2020 was -0.036%. 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 -0.029% while for Rural it is -0.074%. The same rate for Chicago (Upstate) is -0.02% and for Downstate it is -0.07%.Over the last 12-month period, the average growth rate for Metro was -0.65% and for Rural it was -0.59%.Downstate registered a -1.18% 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 0.000.030.040.100.06-1.09RMW0.120.110.140.130.03-0.97Nation0.160.130.120.150.12-1.05By MSAMarket AreaJuly 2020 Number of JobsJun 2020 – Jul 2020Last 12 monthsGrowth compared to IllinoisGrowth Rate %NumberOf Jobs Growth Rate %Number of JobsBloomington-Normal (B-N)85,700+2.632,200-7.27-6,700Champaign-Urbana (C-U-R)109,700+2.462,600-4.00-4,600Chicago3,874,100-1.5860,200-8.29-350,100Davenport-Rock Island-Moline (D-R-M)171,400--0.62-1,100-8.91-16,800Decatur45,200-1.48700-11.23-5,700Kankakee44,000-0.99400-4.62-2,100Peoria150,600-0.881,300-12.08-20,700Rockford137,700+3.214,300-8.04-12,000Springfield103,400+2.742,800-6.38-7,000Metro-East227,300-0.531,200-6.69-16,300Illinois1.6993,200-8.29-508,000MSA League Tables*: Non-farm Employment Growth RateMonthly growth: RankJune 2020July 2020RankChange**1Davenport-Rock Island-Moline (4.75%)Rockford (3.21%)1 (+7)2Decatur (3.75%)Springfield (2.74%)2 (+3)3Peoria (3.64%)Bloomington-Normal (2.63%)3 (+6)4Champaign-Urbana-Rantoul (3.49%)Champaign-Urbana-Rantoul (2.46%)4 (+0)5Springfield (2.97%)Chicago (1.58%)5 (+2)6Kankakee (2.89%)Decatur (1.48%)6 (-4)7Chicago (2.62%)Kankakee (0.99%)7 (-1)8Rockford (2.39%)Peoria (0.88%)8 (-5)9Bloomington-Normal (1.61%)Metro-East (0.53%)9 (+1)10Metro-East (0.27%)Davenport-Rock Island-Moline (-0.62%)10 (-9)Growth over last 12-months: RankJune 2020July 2020RankChange**1Kankakee (-5.16%)Champaign-Urbana-Rantoul (-4%)1 (+1)2Champaign-Urbana-Rantoul (-5.92%)Kankakee (-4.62%)2 (-1)3Metro-East (-6.16%)Springfield (-6.38%)3 (+2)4Davenport-Rock Island-Moline (-6.51%)Metro-East (-6.69%)4 (-1)5Springfield (-9.03%)Bloomington-Normal (-7.27%)5 (+2)6Chicago (-9.68%)Rockford (-8.04%)6 (+3)7Bloomington-Normal (-10.06%)Chicago (-8.29%)7 (-1)8Decatur (-11.34%)Davenport-Rock Island-Moline (-8.91%)8 (-4)9Rockford (-11.41%)Decatur (-11.23%)9 (-1)10Peoria (-13.19%)Peoria (-12.08%)10 (+0)Talking PointsMSA LeagueTablesDavenport-Rock Island-Moline (1st to 10th) experienced the deepest fall in July 2020.The most remarkable upward move in July was record for Rockford (8th to 1st).In the 12-month growth league table, upward moves were recorded for Rockford (9th to 6th), Bloomington-Normal (7th to 5th), Springfield (5th to 3rd) and Champaign-Urbana-Rantoul (2nd to 1st). Downward moves were recorded for Davenport-Rock Island-Moline (4th to 8th), Decatur (8th to 9th), Chicago (6th to 7th), Metro-East (3rd to 4th) and Kankakee (1st to 2nd).In the 12-month growth league table, Champaign-Urbana-Rantoul moved up to 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 monthJuly 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-Normal2.77 (3.2%)3.47 (4.1%)13.46 (15.7%)0.51 (0.6%)19.89 (23.2%)8.07 (9.4%)10.38 (12.1%)8.31 (9.7%)3.36 (3.9%)15.3 (17.8%)Champaign-Urbana3.77 (3.4%)7.1 (6.5%)16.08 (14.7%)1.98 (1.8%)4.54 (4.1%)7.39 (6.7%)16.09 (14.7%)11.14 (10.2%)3.26 (3%)38.09 (34.7%)Chicago143.1 (3.7%)331.38 (8.6%)798.01 (20.6%)71.41 (1.8%)290.37 (7.5%)723.04 (18.7%)624.33 (16.1%)313.37 (8.1%)158.27 (4.1%)430.09 (11.1%)Davenport-Rock Island-Moline9.78 (5.7%)22.18 (12.9%)35.86 (20.9%)1.38 (0.8%)7.17 (4.2%)22.58 (13.2%)26.81 (15.6%)16.38 (9.6%)7.01 (4.1%)22.19 (12.9%)Decatur2.51 (5.5%)10.37 (22.9%)9.58 (21.2%)0.3 (0.7%)1.75 (3.9%)1.99 (4.4%)7.81 (17.3%)3.11 (6.9%)2.48 (5.5%)5.2 (11.5%)Kankakee1.25 (2.8%)7.18 (16.3%)9.58 (21.8%)0.3 (0.7%)1.4 (3.2%)5.17 (11.8%)8.03 (18.3%)4.08 (9.3%)1.31 (3%)5.58 (12.7%)Peoria7.22 (4.8%)21.91 (14.5%)29.13 (19.3%)1.8 (1.2%)6.94 (4.6%)19.98 (13.3%)30.33 (20.1%)9.39 (6.2%)7.08 (4.7%)17.02 (11.3%)Rockford5.22 (3.8%)27.45 (19.9%)28.93 (21%)1.45 (1.1%)5.1 (3.7%)11.04 (8%)23.11 (16.8%)12.46 (9%)7.85 (5.7%)15.09 (11%)Springfield2.69 (2.6%)2.68 (2.6%)16.69 (16.1%)2.83 (2.7%)6.13 (5.9%)11.61 (11.2%)21.22 (20.5%)8.25 (8%)5.54 (5.4%)25.98 (25.1%)IL215.64 (3.8%)550.3 (9.8%)1146.8 (20.4%)88.06 (1.6%)401.12 (7.1%)870.66 (15.5%)889.06 (15.8%)472.9 (8.4%)234.98 (4.2%)764.84 (13.6%)* The Illinois Department of Employment Security does not collect sector employment data for Metro-EastTotal non-farm Employment growth rate Jan 1990 – July 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 MSAsMSAsJuly 2020* July 2021 (p)*Number of Jobs *Growth Rate %GrowthSector withHighestGrowth Rate(p)Sector with Lowest Growth Rate (p)Bloomington-Normal85,70086,8001,100 ~ 1,2001.31% ~ 1.40%+LEI (11.14%)INF (-18.56%)Champaign-Urbana-Rantoul109,700110,100500 ~ 1,7000.44% ~ 1.59%+PRO (4.20%)LEI (-11.79%)Chicago3,874,1004,098,600 222,700 ~ 224,5005.75% ~ 5.80%+LEI (35.72%)INF (-2.63%)Davenport-Rock Island-Moline171,400173,9002,400 ~ 9,1001.43% ~ 5.31%+PRO (9.54%)INF (-5.33%)Decatur45,20047,8002,600 ~ 6,9005.77% ~ 15.38%+LEI (39.22%)PRO (-2.06%)Kankakee44,00043,400-600 ~ 400-1.37% ~ 0.86%-INF (3.77%)LEI (-3.12%)Peoria150,600149,500-1,100 ~ 800-0.75% ~ 0.51%-FIN (158.01%)TTU (-19.68%)Rockford137,700126,300-11,400 ~ -4,500-8.26% ~ -3.26%-INF (7.90%)MAN (-13.10%)Springfield103,40094,000-9,400 ~ -3,500-9.08% ~ -3.38%-LEI (-2.12%)INF (-13.57%)3412490250190155575249555 *Total Non-Farm Jobs 3412820263673147963260622 3428975252598214960252780 343090523094952082222309627 20718343469 ................
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