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Similar to Brand NEW March 31, 2016 BNXN Slides!.pptx [Repaired]
Similar to Brand NEW March 31, 2016 BNXN Slides!.pptx [Repaired] (20)
Brand NEW March 31, 2016 BNXN Slides!.pptx [Repaired]
- 2. Welcome Kyle Ham, CEO Bloomington-Normal Economic Development Council The Numbers Aimee Ingalls, Director of Research & Economic Data
- 4. 13-Month Unemployment Rates Illinois and BN 3.0% 4.0% 5.0% 6.0% 7.0% 8.0% IL BN 7.1% 6.5% Source: Bureau of Labor Statistics
- 5. 13-Month Unemployment Rates IL Metros 0.3 1.3 2.3 3.3 4.3 5.3 6.3 7.3 8.3 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-16 BN Champaign Chicago Decatur Peoria Springfield Source: Bureau of Labor Statistics
- 6. BN 5-Year Labor Force and EmploymentTrend Source: U.S. Bureau of Labor, Bureau of Labor Statistics, U.S. Census Bureau Population Estimates 94,767 100,178 86,000 88,000 90,000 92,000 94,000 96,000 98,000 100,000 102,000 104,000 106,000 2011 2012 2013 2014 2015 Labor Force Employed
- 7. BN 10-Year Total Jobs (non- farm) & Percent Change Source: Bureau of Labor Statistics 92000 93000 94000 95000 96000 97000 98000 -2 -1.5 -1 -0.5 0 0.5 1 1.5 2 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 Jobs Percent Change
- 8. BN 5-Year Non-Farm Jobs by Industry 2011-2015 0 2,000 4,000 6,000 8,000 10,000 12,000 14,000 16,000 18,000 20,000 2011 2012 2013 2014 2015 Source: Bureau of Labor Statistics
- 9. LaborTrends
- 10. Gross Domestic Product by Metro Area Economic Growth Rate 2010-2014 -20 -15 -10 -5 0 5 10 15 20 25 30 Industry All 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… Arts, entertainment, recreation, accommodation,… Other services, except government Government Springfield Peoria Decatur Champaign BN Source: Bureau of Economic Analysis
- 11. $52,129 $40,836 $55,768 $50,486 $47,655 $42,318 $53,546 $39,533 $58,768 $52,437 $49,400 $42,253 $0 $10,000 $20,000 $30,000 $40,000 $50,000 $60,000 Bloomington-Normal Champaign Chicago Decatur Peoria Springfield 2010 2014 2010 2015 2010 2014 2010 2014 2010 2014 2010 2014 Gross Domestic Product Change by Metro Area Per Capita 2010 & 2014 Source: Bureau of Economic Analysis
- 12. New Homes SalesTrends BN 2009-2015 282 251 196 206 239 156 180 100 150 200 250 300 2009 2010 2011 2012 2013 2014 2015 Source: Bloomington Normal Association of Realtors
- 13. 1,990 1,801 1,856 2,253 2,573 2,476 2,600 0 500 1,000 1,500 2,000 2,500 3,000 2009 2010 2011 2012 2013 2014 2015 Home ResaleTrends 2009 to 2015 Source: Bloomington Normal Association of Realtors
- 14. $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 $450,000,000 2009 2010 2011 2012 2013 2014 2015 New Homes Re-Sales New & Existing HomeValueTrends 2009 to 2015 Source: Bloomington Normal Association of Realtors
- 15. Rental Market Statistics Illinois County Home Ownership Rate Housing Units Multi-Unit Structures Median Household Income Percent Change 2010- 2015 3 Bedroom FMR Gross 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
- 16. HousingTrends • Steady existing home sales • Limited new home construction • Rent increases above inflation rate
- 17. Total Retail Receipts CalendarYear 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 Urbana Source: Illinois Department of Revenue
- 18. 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
- 19. Bloomington Retail Growth 2008-2015 Source: Illinois Department of Revenue $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 20152014201320122011201020092008
- 20. Normal Retail Growth 2008 to 2015 $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 20152014201320122011201020092008 Source: Illinois Department of Revenue
- 21. RetailTrends • Growth in retail sales shows wage growth.
- 22. • Economic Growth with increased GDP • Low Unemployment • Low Inflation
- 23. 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
- 24. Questions?
- 25. Thank you! The next BN by the Numbers Thursday, June 23, 2016
Editor's Notes
- Each one of you in this room may answer that question differently and base it on different reasons. Today let’s look at three objectives to measure a healthy economy. Gross metropolitan Product, low unemployment, and low inflation peppered throughout the presentation.
- ADD UNEMPLOYMENT RATES FOR 2011 TO 2015 ON THIS CHART https://www.washingtonpost.com/news/wonk/wp/2015/12/28/the-states-that-are-seeing-a-boom-in-population-and-the-states-that-arent/?tid=hybrid_experimentrandom_1_na “Illinois, meanwhile, had a net loss of about 105,000 residents, its largest one-year population leak in the 21st century.”
- GDP=an increase in the output of goods and services in a nation over time or simply “economic growth”. Another way to look at GDP is Per capita GDP.
- Growth in sales shows wage growth despite 0 job growth.