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ISEA Employment Report

ISEA_July

Job Growth in California Continues

Northern California Is Slightly More Evenly Widespread; Inland Empire Shows Marked Improvement over Last Month

This month, ISEA study finds year-over-year job growth in California continues. Northern California changes in employment show a widespread pattern where Silicon Valley, Stockton, and Fairfield still lead the pack with significant job growth; the surrounding areas of Sacramento, Oakland, and Modesto have improved to a great extent showing moderate job growth this month. On the other hand, job growth in Southern California has further deepened where the Inland Empire region has seen marked improvement with even more areas showing significant job growth this month; moderate job growth still appears in Los Angeles County and Orange County; San Diego County has improved further this month where most areas show moderate job growth with no locations shedding jobs.

The overall month-over-month job growth in Southern California has further improved this month as well. Bakersfield, San Diego County, and the scattered areas in Inland Empire and Orange County have seen moderate job growth. A small area around Perris and a small pocket in the south of Palm Springs have even shown the significant job growth this month. The overall month-over-month job growth in Northern California has switched from the south side to the northern area. Most areas in Sacramento, Oakland, Santa Rosa, Santa Cruz, and Modesto show moderate job growth this month. However, the central valley including Fresno, Merced, and Madera appear pale or even shedding jobs this month.

Year-over-Year Metro Market Findings in Southern California

INLAND EMPIRE

  • The year-over-year job growth in Riverside and San Bernardino Counties has improved to a great extent this month with even more areas showing significant job growth (more than 3%) and no place shedding jobs.
  • The significant job growth (more than 3%) has spread to most areas in the central locations in inland region except for Victorville and the southern area in Riverside County where still show moderate job growth (1% to 3%). In addition, Barstow and the scattered areas in Palm Springs have also seen more than 3% job growth. Only a few small pockets appear idling this month including small areas near Canyon Lake, El Casco, Crafton, and Rialto.

LOS ANGELES COUNTY

  • The year-over-year job growth in Los Angeles County has improved a little bit but still appears patchy, i.e. areas showing moderate job increases (1% to 3%) or significant job growth (more than 3%) are next to the areas showing idling (-1% to 1%).
  • There are more areas showing significant job growth (more than 3%) this month including La Verne, Rowland Heights, Downey, Whittier, Cerritos, and large areas near South Pasadena, Pasadena, Burbank, Beverly Hills, Calabasas, and eastern Santa Clarita; the area east to Palmdale, San Fernando, and the center area of the county still appear the idling status (-1% to 1%) this month.

ORANGE COUNTY

  • The year-over-year job growth in Orange County has continued this month with more areas added to the dark green zone (more than 3% job growth) and less area idling (-1% to 1% job growth).
  • The whole county still appears green this month except for the area between Atwood and Villa Park still remaining in the yellow zone (-1% to 1% job growth). Significant job growth (more than 3%) appear in the following areas: Los Alamitos, La Palma, Fullerton, Yorba Linda, Anaheim, Orange, Garden Grove, Rossmoor, Tustin, Irvine, Huntington Beach, New Port Beach, large area between Irvine and Emerald Bay, Laguna Beach, South Laguna, San Juan Capistrano, San Clemente, Portola Hills and the narrow and long area east to it.

SAN DIEGO COUNTY

  • The year-over-year job growth in San Diego County has improved to a great extent where most areas in the county show moderate job growth (1% to 3%) with a few pockets showing significant job increase (more than 3%) and almost no place shedding jobs.
  • The whole county appears green this month with a few locations showing significant job growth (more than 3%) including area north to Escondido, Alpine, Johnston, Santee, Eucalyptus Hills, Bostonia, La Presa, Imperial Beach, area north to downtown San Diego, and area north to Lemon Grove; however, the northern and the southern area of the county still appear idling (-1% to 1% job growth) San Luis Rey, San Marcos, area eat to Escondido, Coronado, and the area close the south border.

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 Institute for Spatial Economic Analysis

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 www.isea.redlands.edu.


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