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ISEA Jobs Report May '14

ISEA Jobs report

A University of Redlands Institute for Spatial Economic Analysis (ISEA) study finds the overall year-over-year job growth in California remains steady with no significant change in April 2014.

The Inland Empire still shows job growth but has slowed down the job creation pace compared to February and March 2014.

Silicon Valley and Fresno are still leading the pack in job creation in Northern California. In addition, job growth in the Sacramento area has improved with more locations joining the dark green zone showing significant job growth in April 2014.

Most other regions in Northern California still show a steady pace of growth except Yuba City, Marysville, Nevada City, Sonora, the southern area of Modesto, Madera and the surrounding area of Visalia where moderate to significant job losses appear.

Southern California exerts the same pattern as March 2014 where almost the entire area shows positive job growth with only a few scattered locations appearing idling (-1% to 1% job growth). Locations in Orange Country near the border of Los Angeles are still shedding jobs.

On the other hand, the overall month-over-month job growth in southern California remains in the idling status in April 2014 with the light green zone (1% to 3% moderate job growth) shrinking to fewer locations.

In particular, the scattered spots located in San Diego County, which showed moderate job increase (1% to 3%) in March 2014, have slid back to idling status in April 2014.

The overall month-over-month job growth in northern California appears to have improved although there are large regions in Oakland, Fremont, San Jose, and Fresno still showing idling status (-1% to 1% job growth). Santa Rosa, Napa, San Rafael, San Francisco, Oroville, Santa Cruz, Salinas, Sonora, and the surrounding areas of Stockton and Modesto have stepped out of idling status. Madera, Merced and the surrounding locations of Visalia, where there was moderate to significant job losses in March, have started adding jobs in April 2014.

Inland Empire

  • The year-over-year job growth in Riverside and San Bernardino counties has slightly decreased this month with the average job growth rate dropping from 2.62% in March 2014 to 2.44% in April 2014.
  • The whole region still appears green (1% to 3% moderate job growth) to dark green (more than 3% significant job growth) with no locations shedding jobs. Muscoy is the only location still showing idling status (-1% to 1% job growth) in April 2014.

Los Angeles County

  • The year-over-year job growth in Los Angeles County has slightly increased this month with the average job growth rate increasing from 2.14% in March 2014 to 2.23% in April 2014.
  • The whole county still appears patchy within the positive job growth zone where locations with moderate job growth (1% to 3%) are right next to areas with significant job growth (more than 3%). The idling (-1% to 1% job growth) locations remain in San Fernando, Calabasas, Covina, Alhambra, and the area south of Los Angeles. In addition, El Monte and the area east to Palmdale have stepped back to the idling status. Cerritos and Avocado Heights have stepped out of the idling status and started adding jobs. There are no locations shedding jobs this month.

Orange County

  • The year-over-year job growth in Orange County has decreased this month with the average job growth rate dropping from 2.17% in March 2014 to 1.8% in April 2014.
  • The whole county still appears light green (1% to 3% moderate job growth) with the dark green zone (more than 3% significant job increase) appearing in Orange, Villa Park, Yorba Linda, the area east to Rossmoor, La Palma, Midway City, and the large area between Irvine and Aliso. However, in addition to the area east of Sunset Beach, Costa Mesa, Newport Beach and the area east of Irvine, the idling regions (-1% to 1% job growth) have expanded to the area west to Portola Hills and the region east to the I-5 until the mountain area. The small location in the eastern region of the county and the area near the north border of the county are still shedding jobs in April 2014.

San Diego County

  • The year-over-year job growth in San Diego County has decreased this month with the average job growth rate dropping from 2.51% in March 2014 to 2.22% in April 2014.
  • The whole county still shows moderate (1% to 3%) to significant (more than 3%) job growth with only two small locations near Coronado and Bonita appearing idling status (-1% to 1% job growth). The dark green zone (more than 3% significant job growth) has concentrated in Fallbrook, San Luis Rey, Vista, Jesmond Dene, Escondido, Del Dios, Rancho Santa Fe, Solana Beach, Eucalyptus Hills, Moreno, Bostonia, Santee, Casa de Oro, and San Diego downtown. In addition, Lemon Grove has stepped out of idling status and started showing significant job increase this month. There are no locations shedding jobs this month.

Methodology

The researchers combined today’s data release on employment by industry from the California Employment Development Department with business pattern data by zip code and industry from the U.S. Census Bureau to arrive at their projected values. The researchers point out that, given the data available to them, their projected values are only rough approximations of the true values, and that accuracy is higher for counties with larger populations. Despite those shortcomings, the observed patterns should still be helpful for decision makers in politics, businesses and organizations to determine where to best direct their efforts.

About the University of Redlands Institute for Spatial Economic Analysis (ISEA)

The Institute for Spatial Economic Analysis (ISEA) serves regional, national and global business and government leaders in their needs to better understand how socio-economic phenomena affect their communities. A division of the University of Redlands School of Business, ISEA publishes ongoing, timely reports covering retail, employment, housing, logistics and other special topics. A key distinction is its ability to illustrate economic trends and patterns through the use of geo-spatial mapping techniques. In addition, ISEA’s ability to provide Zip code level analysis for many of its reports provides unprecedented detail. Current ISEA economic data and interactive maps may be found at http://isea.redlands.edu/.

Author:  Bing Bai  | Faculty Fellow at the Institute for Spatial Economic Analysis | University of Redlands | School of Business

Media Contact:  Johannes Moenius  | 909-557-8161 | Director, Institute for Spatial Economic Analysis | University of Redlands | School of Business  


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