WelcomeKyle Ham, CEO

Bloomington-Normal Economic Development

Council

The Numbers Aimee Ingalls, Director of

Research & Economic Data

Is our

Healthy?

13-MonthUnemployment Rates

Illinois and BN

Dec-14

Jan-15

Feb-15

Mar-15

Apr-15

May-15

Jun-15 Jul-

15Aug

-15Se

p-15

Oct-15

Nov-15

Dec-15

Jan-16

3.0%

4.0%

5.0%

6.0%

7.0%

8.0%

7.1%

6.5%

Source: Bureau of Labor Statistics

B-N is .6%

lower than

state average!

13-Month Unemployment Rates

IL Metros

Dec-14 Jan-15 Feb-15 Mar-15 Apr-15 May-15 Jun-15 Jul-15 Aug-15 Sep-15 Oct-15 Nov-15 Dec-15 Jan-160.3

1.3

2.3

3.3

4.3

5.3

6.3

7.3

8.3

BN Champaign Chicago Decatur Peoria Springfield

Source: Bureau of Labor Statistics

BN 5-Year Labor Force and Employment Trend

Source: U.S. Bureau of Labor, Bureau of Labor Statistics, U.S. Census Bureau Population Estimates

94,767

100,178

2011 2012 2013 2014 201586,000

88,000

90,000

92,000

94,000

96,000

98,000

100,000

102,000

104,000

106,000

Labor ForceEmployed

94.6% of BN

labor force is

employed!

(2015)

BN 10-Year Total Jobs (non-farm) & Percent

Change

Source: Bureau of Labor Statistics

2006 2007 2008 2009 2010 2011 2012 2013 2014 2015-2

-1.5

-1

-0.5

0

0.5

1

1.5

2

92000

93000

94000

95000

96000

97000

98000Jobs

BN 5-Year Non-Farm Jobs by Industry 2011-2015

02,0004,0006,0008,000

10,00012,00014,00016,00018,00020,000

2011 2012 2013 2014 2015

Source: Bureau of Labor Statistics

Labor Trends

Gross Domestic Product by Metro Area

Economic Growth Rate2010-2014

IndustryAll industry total

Private industries Construction

Manufacturing Retail trade Information

Finance, insurance, real estate, rental, and leasing Professional and business services

Educational services, health care, and social as-sistance

Arts, entertainment, recreation, accommodation, and food services

Other services, except government Government

-20 -15 -10 -5 0 5 10 15 20 25 30

Springfield

Peoria

Decatur

Champaign

BN

Source: Bureau of Economic Analysis

Blooming-ton-Normal

Champaign

Chicago

Decatur

Peoria

Springfield

$0 $10,000 $20,000 $30,000 $40,000 $50,000 $60,000

$52,129

$40,836

$55,768

$50,486

$47,655

$42,318

$53,546

$39,533

$58,768

$52,437

$49,400

$42,253

20102014

20102015

20102014

20102014

20102014

20102014

Gross Domestic Product Change by Metro Area

Per Capita 2010 & 2014

Source: Bureau of Economic Analysis

New Homes Sales TrendsBN 2009-2015

2009 2010 2011 2012 2013 2014 2015100

150

200

250

300282

251

196206

239

156

180

Source: Bloomington Normal Association of Realtors

2009 2010 2011 2012 2013 2014 20150

500

1,000

1,500

2,000

2,500

3,000

1,9901,801

1,8562,253

2,573 2,4762,600

Home Resale Trends 2009 to 2015

Source: Bloomington Normal Association of Realtors

2009 2010 2011 2012 2013 2014 2015$0

$50,000,000

$100,000,000

$150,000,000

$200,000,000

$250,000,000

$300,000,000

$350,000,000

$400,000,000

$450,000,000New Homes Re-Sales

New & Existing Home Value Trends

2009 to 2015

Source: Bloomington Normal Association of Realtors

Rental Market Statistics

Illinois County

Home Ownership

RateHousing

UnitsMulti-Unit Structures

Median Household

Income

Percent Change 2010-

2015 3 Bedroom

FMRGross Rent as

Percentage of HH Income

Champaign 55% 89,194 36% $45,808 16% $1,026 51%Macon 69% 50,353 17% $46,559 14% $954 40%McLean 67% 71,417 29% $62,089 12% $1,095 40%Peoria 65% 83,555 23% $50,712 3.4% $923 38%Sangamon 70% 90,538 19% $55,449 9.2% $955 42%

Note: FMR=Fair Market Rent

Source: Department of Housing and Urban Development and U.S. Census Bureau

Housing Trends

• Steady existing home sales • Limited new home construction• Rent increases above inflation rate

Total Retail Receipts Calendar Year 2015

$0

$20,000,000

$40,000,000

$60,000,000

$80,000,000

$100,000,000

$120,000,000

$140,000,000

Springfield Peoria Rockford Bloomington Champaign Decatur Normal

Source: Illinois Department of Revenue

Retail Growth Other IL Metros

2014-2015

Source: Illinois Department of Revenue

-0.50%

0.00%

0.50%

1.00%

1.50%

2.00%

2.50%

Normal Springfield Urbana Champaign Rockford Decatur Peoria

Bloomington Retail Growth2008-2015

Source: Illinois Department of Revenue

20152014201320122011201020092008$48,000,000

$50,000,000

$52,000,000

$54,000,000

$56,000,000

$58,000,000

$60,000,000

$62,000,000

$64,000,000

$66,000,000

Normal Retail Growth2008 to 2015

20152014201320122011201020092008$25,000,000

$26,000,000

$27,000,000

$28,000,000

$29,000,000

$30,000,000

$31,000,000

$32,000,000

$33,000,000

$34,000,000

$35,000,000

Source: Illinois Department of Revenue

Retail Trends

• Growth in retail sales shows wage growth.

• Economic Growth with increased GDP • Low Unemployment

• Low Inflation

Panel of STEM Experts Kevin Reeves- State Farm/ Economic

Development Council Dr. Barry Reilly- District 87 Schools Dr. Mark Daniel- Unit 5 Schools Gary Tipsord- LeRoy School District Dr. Jonathan Green- IWU

Questions?

Thank you!The next BN by the

Numbers Thursday, June 23, 2016