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California Shows Steady Pace of Job Growth

The Inland Empire still leads the state in job growth for February 2014

For February 2014, a University of Redlands Institute for Spatial Economic Analysis (ISEA) study finds the overall year-over-year job growth in California shows no significant change compared to January 2014. The Inland Empire still appears exceptional rapid job growth in February 2014, as almost the whole region appears dark green (more than 3% job growth). Silicon Valley, San Francisco, and Fresno are still leading the pack in Northern California. In addition, Fairfield has joined the dark green zone showing significant job growth in February 2014. Oakland, Fremont, and the Sacramento area still have a steady pace of growth. Southern California exerts the same pattern as January 2014 where almost the whole area shows positive job growth with only a few scattered locations appearing idling (-1% to 1% job growth). Madera and Sonora still remain in the orange-red zone shedding jobs in February 2014.

On the other hand, the overall month-over-month job growth in California shows idling status (-1% to 1% job growth) in February 2014. The whole region in Southern California appears yellow with only a few scattered spots majorly located in Los Angeles County showing moderate job increase (1% to 3%). The overall month-over-month job growth in Northern California appears to have the same pattern with the whole region showing idling status (-1% to 1% job growth) embedded by a few scattered locations showing moderate job increase (1% to 3%) including areas near San Rafael, San Francisco, Oakland, Napa, Fairfield, Redwood City, and Santa Cruz.

Year-over-Year Metro Market Findings in Southern California

INLAND EMPIRE

  • The year-over-year job growth in Riverside and San Bernardino counties has no significant change this month with the average job growth rate slightly dropping from 3.08% in January 2014 to 3.02% in February 2014.
  • The whole region still appears dark green (more than 3% significant job growth) with no locations shedding jobs or appearing idling.

LOS ANGELES COUNTY

  • The year-over-year job growth in Los Angeles County has slightly decreased this month with the average job growth rate dropping from 2.24% in January 2014 to 2.10% in February 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%). In addition to San Fernando, Calabasas, the small pocket between Seal Beach and Cypress, and the area south of Los Angeles, the idling (-1% to 1% job growth) locations have expanded to Covina, Avocado Heights, El Monte, and the area east to Palmdale. There are no areas showing negative job growth in February 2014.

ORANGE COUNTY

  • The year-over-year job growth in Orange County has decreased this month with the average job growth rate dropping from 2.70% in January 2014 to 2.15% in February 2014.
  • The whole county appears light green (1% to 3% moderate job growth) with the dark green zone (more than 3% significant job increase) shrinking to fewer locations including Orange, Santa Ana, Midway City, Capistrano Beach, the area east to Yorba Linda, the area east to Rossmoor, the area between Irvine and Aliso, the narrow long region between Portola Hills and Laguna Niguel, and the narrow long region east to Rancho Santa Margarita. In addition, the area east to Sunset Beach, the idling region (-1% to 1% job growth) has expanded to Costa Mesa, Newport Beach and the area east to Irvine. 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 February 2014.

SAN DIEGO COUNTY

  • The year-over-year job growth in San Diego County has no significant change this month with the average job growth rate slightly decreasing from 2.22% in January 2014 to 2.16% in February 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 still appearing idling status (-1% to 1% job growth). Ramona, Alpine Jamul, Bostonia, Imperial Beach, the surrounding area of Vista and the area south to Bonita have slowed down the job increase rate from January’s more than 3% rapid job growth to moderate (1% to 3%) job growth in February 2014. There are still no locations shedding jobs in February 2014.

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.

Author: Bing Bai
Faculty Fellow at the Institute for Spatial Economic Analysis
University of Redlands, School of Business
Bing_Bai@redlands.edu

Media Contact
Johannes Moenius,
Director, Institute for Spatial Economic Analysis
University of Redlands, School of Business
909-557-8161
isea@redlands.edu


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