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Growth Rates for Illinois and MSAs 1990-2003

Growth Rates for Illinois and MSAs 1990-2003. IEO Report 2003-3. Presentation by the Illinois Economic Observatory. Growth Rates for Illinois and MSAs: 1990-2003 IEO-2003-3. Introduction

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Growth Rates for Illinois and MSAs 1990-2003

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  1. Growth Rates for Illinois and MSAs 1990-2003 IEO Report 2003-3 Presentation by the Illinois Economic Observatory

  2. Growth Rates for Illinois and MSAs: 1990-2003 IEO-2003-3 • Introduction • Analysis presented here focuses on the growth experience for Illinois • Including Chicago Metropolitan region • Excluding Chicago Metropolitan region • Data at substate level less comprehensive – only a few sectors available • Second part examines MSA experience

  3. Growth Rates for Illinois and MSAs: 1990-2003 IEO-2003-3 • Total Non-Farm Employment • Growth rates in Rest of Illinois (Illinois without Chicago) consistently above those for the Chicago region • Caution needs to be exercised in interpretation since two parts of the state are interdependent

  4. IL and IL-NonChicago -- Total NonFarm 120 115 110 105 100 IL_NonChg IL 95 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003

  5. Growth Rates for Illinois and MSAs: 1990-2003 IEO-2003-3 • Manufacturing Employment • A tale of three regimes: • Through 1996 – Chicago influence generates growth rates above rest of the state • 1996-2001 Rest of the state out-performs Chicago • 2001-present two regions move in parallel

  6. Growth Rates for Illinois and MSAs: 1990-2003 IEO-2003-3 IL and IL-NonChicago -- Manufacturing 105 100 95 90 85 80 IL_NonChg IL 75 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003

  7. Growth Rates for Illinois and MSAs: 1990-2003 IEO-2003-3 • Information Employment • A tale of two regimes: • Through mid 1995 – Chicago influence generates growth rates above rest of the state • 1995- present Rest of the state out-performs Chicago

  8. IL and IL-NonChicago -- Information 175 165 IL_NonChg IL 155 145 135 125 115 105 95 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003

  9. Growth Rates for Illinois and MSAs: 1990-2003 IEO-2003-3 • Total Nonfarm Employment by MSA • Variety of experiences • Above state average growth rates • Bloomington-Normal, Kankakee, Rockford, Peoria • Note: B-N’s rate strongly influenced by 400% increase in informatics (from 1,000 to over 4,000 employees) • About the state average • Chicago, Davenport-Rock Island-Moline, Champaign-Urbana • Below the state average • Springfield, Decatur

  10. Total Non-farm 145 140 IL B-N C-U-R Chicago D-R-M Decatur Kankakee Peoria 135 Rockford Springfield 130 125 120 115 110 105 100 95 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 Shaded area is Illinois growth

  11. Growth Rates for Illinois and MSAs: 1990-2003 IEO-2003-3 • Manufacturing Employment by MSA • Kankakee “bright spot” – grew the most, declined the least • Decatur and Peoria (impact of Cat strike evident) perform least well • Bloomington-Normal affected by decline in auto production

  12. Manufacturing by MSA

  13. Growth Rates for Illinois and MSAs: 1990-2003 IEO-2003-3 • Information Employment • Littledifferentiation except for Bloomington-Normal • As noted, the base of 1,000 jumped to over 4,000 employees

  14. Information by MSA

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