|
|
| |
|
POPULATION DATA |
|
Total Population |
|
|
|
|
|
Jan
2007
|
3,098,121 |
Orange
County
|
|
Jan
2007
|
37,662,518 |
California |
|
July 2007 |
302,799,753 |
U.S. |
|
July 2007
|
6,618,576,284 |
World |
|
|
|
|
ORANGE COUNTY
|
|
Total Civilian Labor
Force* |
|
|
|
|
|
Jun
2007
|
1,632,800 |
(Revised) |
|
July
2007
|
1,644,200 |
(Preliminary) |
|
|
|
| |
|
*Source:
EDD, Labor Market Division. Note:
Each month is subject to slight
revisions thirty days after issuance.
All previous figures are benchmarked
each March. |
|
|
|
|
| |
|
Labor Force & Industry Employment
July
2007
|
|
Between
June 2007 and July 2007, total
nonfarm employment in Orange County
decreased by 5,200 jobs.
�
Government posted the largest month-over
decline with the loss of 8,100 jobs.
Gains in state government and some subsectors of local government were
offset
by cutbacks in state and local education as classrooms closed for the
summer
recess period.
�
Financial activities payroll employment
fell for the fifth consecutive month
with a
decrease of 300 jobs. Small gains in the insurance sector partially
offset job losses
in the finance and real estate sectors.
�
Professional and business services
recorded the largest increase with the
addition
of 1,700 jobs. Job losses in computer systems design and related services
were
offset largely by gains in administrative and support services (up 1,700
jobs),
which includes temporary help firms.
�
Leisure and hospitality also grew by
1,700 jobs over the month as employers
continued to hire for the summer tourist season. Arts and entertainment
accounted for 71 percent of the increase with the addition of 1,200 jobs,
while
accommodation and food services added 500 jobs.
Between July 2006 and July 2007,
total nonfarm employment in Orange
County grew by 2,900 to reach 1,525,000,
an increase of 0.2 percent.
�
Financial activities posted the largest
year-over decline with the loss of 4,000
jobs. A gain of 700 jobs in the real estate, rental and leasing sector
was offset by
the loss of 4,700 jobs in the finance and insurance sector.
�
Trade, transportation and utilities
declined by 1,800 jobs over the year.
Retail
trade accounted for 67 percent of the decrease with the loss of 1,200
jobs,
wholesale trade lost 200 jobs, and transportation, warehousing and
utilities lost
400 jobs.
�
Educational and health services recorded
the largest year-over gain with the
addition of 5,200 jobs. Health care and social assistance reported an
increase of
4,700 jobs, with 43 percent of the gain in ambulatory health care
services.
Educational services grew by 500 jobs. |
|
|
|
Sources:
Employment Development Department, Labor
Market Information Division press
release, August 17, 2007
http://www.calmis.ca.gov/file/lfmonth/oran$PDS.pdf
|
| |
|
|
Back to
school time is here. Across the country
millions of students are preparing to
return to school, so they can pursue
education to improve themselves ... and
improve their career prospects.
School
enrollment rates vary by sex. In recent
years, men were more likely than women
to have dropped out of high school and
were less likely to be attending
college. At age 19, 50 percent of women
were attending college, compared with 39
percent of men.
Education pays in
higher
earnings and lower unemployment rates.
Source:
Current
Population Survey |
Chart Data
Careers with Good Wages and Plenty of Jobs
"Do what you love" isn't bad career advice, but it's even better if
what you love is an occupation with
above
average wages and high projected job
growth.
Source:
Employment
Projections,
Occupational
Employment Statistics |
Chart Data
...the
skills that have become most valuable
over time seem to be general skills that
come with higher levels of education --
as opposed to the very specific skills
gained through experience in a
particular job or occupation, writes
Jeffrey M. Lacker, President of the
Federal Reserve Bank of Richmond.
(The
Washington Post, August 27, page D3).
This is
an important distinction. It means that
more than ever, the path to economic
success lies in education rather than in
on-the-job experience. And if these
general skills are the key to success,
it follows that a lack of skills
presents a formidable barrier to success
-- for an individual, a community, a
state or a nation.
(As cited
in the Bureau of Labor Statistics Daily
Report,Tuesday, August 28, 2007)
Want to
see more? See the employment and wage
estimates for occupations in
States
and
metropolitan
areas.
In-depth descriptions of hundreds of
popular careers
(including
preschool
through
secondary
school teachers and
postsecondary teachers)
can
be found in the
Occupational
Outlook Handbook.
Its companion publication, the
Career Guide
to
Industries,
covers careers from an industry
perspective.
To
learn about some less-common jobs,
ranging from avalanche forecaster to
sommelier, check out the
Occupational
Outlook Quarterly. |
| |
|
http://www.bls.gov/spotlight/ |
| |
|
Productivity
growth may be slowing, and with it the
economy's safe speed limit,
the pace at which it can grow without
generating inflation, writes David
Wessel in the "Capital" feature of The
Wall Street Journal
(as cited
in the Bureau of Labor Statistics, Daily
Report, Thursday, August 2, 2007).
Growth in productivity -- the goods and
services Americans produce for each hour
of work -- is key to improving living
standards. Wages don't automatically
track productivity, as workers have
learned lately, but slow productivity
growth makes higher wages impossible.
Productivity growth picked up smartly
around 1995 as business and consumers
figured out how to harness the Internet
to do old chores more efficiently and do
new things they'd never before imagine.
And productivity continued to grow at a
remarkably rapid pace through the trauma
of a stock market bust, a recession and
terror of September 11, 2001. The latest
published Labor Department numbers show
U.S. productivity growth slowed to 1
percent year, outside of farms and
government, well below the 2 percent
pace of the proceeding 2 years and the 4
percent pace earlier in the decade. A
little-noted detail in last week's
government report on second-quarter
economic growth foreshadows unpleasant
revisions are coming. The Commerce
Department marked down its earlier
estimates of economic output for the
past 3 years. Less output for the same
amount of work translates into slower
productivity growth.
Goldman
Sachs economists estimate that this
means productivity grew at a 1.5 percent
annual rate in the past 3 years, down
from the previously disappointing
1.8 percent. These small differences add
up over time: At 1.5 percent, average
living standards double in 47 years,
nearly two generations; at 2.5 percent,
they double in 28 years, closer to one
generation. These revisions will fuel a
debate among experts about whether the
current downturn in productivity is a
lull or an
end to the productivity boom of the late
1990s and early 2000s. But the outlook
for productivity ultimately depends on
whether the U.S. keeps innovating, and
whether American politicians and the
public understand the importance of
repairing the education system to better
equip workers.
Employers added fewer jobs to payrolls
in July, while the unemployment rate
rose unexpectedly, according to the
government's latest reading on the labor
market.
The government's data came in below Wall
Street's expectations. There was a net
increase of 92,000 jobs in the month,
down from 126,000 added in June, a
reading that was revised lower in the
latest report. Economists surveyed by
Briefing.COM had forecast a 135,000 gain
in July. The unemployment rate was 4.6
percent, up from 4.5 percent in June.
Economists had forecast that the rate
would remain unchanged.
The
unemployment rate is calculated using a
separate survey of households, rather
than the survey of employers that is
used to calculate the payroll number.
And the households surveyed showed a net
decline of 30,000 jobs in the month. The
average hourly wage rose 6 cents, or 0.3
percent, to $17.45. That matched the
revised rise seen in June, as well as
analyst forecasts. The average hourly
wage is now up 4 percent from a year
ago, growing faster than the 2.7 percent
rise in prices posted during the 12
months ending in June, according to a
separate Labor Department reading. The
employer survey showed a 12,000 drop in
construction employment jobs in the
month, while manufacturing and retail
also posted small job losses. Government
also cut back on jobs, with the public
sector showing a seasonally- adjusted
28,000 job drop. The sectors that did
show growth were education and health
services, leisure and hospitality, and
business and professional services.
"Government was where the biggest
surprise was, and outside of government,
I thought this report was fine, said
Jeoff Hall, the chief U.S. economist for
Thomson Financial. "We'll have to wait
to see how it develops, but I don't
think it's an
iceberg, with more trouble below the
surface. I'd have to see another
substantial weak employment report to
think this is something to be mindful
of." But John Silvia, chief economist
with Wachovia, said the report is a
further sign that the economy
is slowing down and could be weaker than
current forecasts in the second half of
the year. "Obviously the economy has
slowed down to sub-par growth," said
Silvia.
For
Economists there has been a growing
belief in the markets that a rate cut
later this year is possible due to
problems in the U.S. credit markets and
worsening problems in the real estate
and home building. Silvia said that with
all signs that inflation pressures have
moderated, there could be a rate cut by
the end of the
year if employment continues to lag. "If
we're seeing growth in the third quarter
closer to 2 than to 3 percent, they'll
have to go with the flow and fight
inflation another day," he said.
|
| |
|
(CNN Money
-
http://money.cnn.com/2007/08/03/news/economy/jobs_july/index.htm?postversion=2007080311).
Bureau of Labor Statistics, Daily
Report, Monday, August 6, 2007 |
| |
|
|
Only Seven of 24 Federal Agencies Met
Small Business Contracting Goals |
|
|
|
|
|
|
OCWIB Rapid Response Services for August |
For the month of August, Rapid Response lay-off announcements were
received
for 1,545 employees in Orange County. Lenders such as Irvine-based New Century
Financial Corp.; Orange-based ACC Capital Holdings
Inc.; GMAC LLC's Residential
Capital home lending unit; and General Electric
Co.'s WMC Mortgage Corp. division
have slashed more than 5,000 jobs. According to
Bloomberg, �The upheaval in
Orange County, home of Disneyland and birthplace of
Richard Nixon, has sent
shockwaves throughout the financial world.�
http://www.bloomberg.com/apps/news?pid=20601109&refer=home&sid=a8VFwgtdQ9FM
The industries involved were:
Industries
Number of Employees
Credit Intermediation & Related Activities
906
Retail
Bakeries
562
Paper Product Manufacturing
77
Grand Total 1,545
If a business is looking to access
skilled workers, is expecting a layoff
or plant closing or would like to learn
more about the services available,
please contact
the OCWIB�s Business Services Centers
at:
5405 Garden Grove Boulevard,
Westminster,
CA 92683 Phone: (714) 241-4900
Hours: Monday - Friday (8am - 5pm)
125 Technology Drive, Suite 200, Irvine,
CA 92618
Phone: (949) 341-8000
Hours: Monday - Friday (8am - 5pm)
1561 E. Orangethorpe, Suite 210,
Fullerton, CA 92831
Phone: (714) 441-3040
Hours: Monday - Friday (8am - 5pm)
|
|
|
|
http://www.oconestop.com |
|
|
|
Announcements
Save the Date! Workforce Development
Conference September 24
The 6th Annual Workforce Development Conference will
be held at the Island Hotel
in Newport Beach. This year�s
conference will feature
Wing Lam,
Founder and
CEO of
Wahoo�s Fish Tacos in a discussion of innovation and the importance of
cultivating a skilled workforce.
Register Now!
2nd Annual Legal Issues in the Business
World:
The Business Lawyers Speak!
Wednesday, September 19, 2007 7:30-9:30
AM
Radisson Hotel
Newport Beach
4545 MacArthur
Blvd,
Newport Beach,
CA 92660
Phone (949) 833-0570 (Near the
Orange
County
Airport)
Who should attend?
Leaders protecting their businesses!
7:00-7:30 AM registration, continental
breakfast
7:30-9:30 Presentations and Panel
Discussion
This is a No-cost seminar. Direct
Questions and RSVP to:
Karl Feierbacher,
Orange
County
Business
Service
Center
Email:
[email protected]
Phone: 949 341-8095
125 Technology
Drive, Suite 200
Irvine,
CA
92618
Fax: 949 341-8099
www.ocbusiness.info
Labor Market Information / Economic Development � Request for
Proposals
The Orange County Workforce
Investment Board is scheduled to
release a
Labor Market Information/Economic
Development Request for Proposal (RFP)
in
late September. The RFP will solicit
proposals from organizations that are
interested in providing economic and
workforce development related services.
Contracts are scheduled to commence in
January 2008.
The RFP�s goal will be to procure a
contractor(s) for the following: 1)
Creation of
a new Comprehensive Economic Development
Strategy (CEDS) for Orange County;
2) Identification of an entity
who will project manage the CEDS, update
the annual
workforce reports and re-evaluate the
top 10 clusters that drive Orange
County�s
economy, and 3) Provision of
ongoing industry-specific labor market
information
reports and Geographic Information
Systems (GIS) mapping projects. If you
would
like to be emailed a notification when
the RFP is released, please email the
name of
your organization, contact name, phone
number, fax number and email address to:
[email protected] |
|
|
Click
here to download a printer friendly
version of the September Update |
|
|
For more information about the
Orange County Workforce Investment
Board, please visit:
http://www.ocwib.org.
If you do not wish to receive this
newsletter please reply by e-mail to
[email protected] with the
subject �unsubscribe�. The Update
is produced by the Orange County
Workforce Investment Board (OCWIB) and
features workforce and economic
development information. Please
feel free to forward The Update.
If you wish to add an individual to the
distribution list, please contact
the OCWIB Administration office at (714)
567-7370 or reply by e-mail to:
[email protected]
add an
individual to the distribution list,
please contact the OCWIB Administration
office at (714) 567-7370 or reply by
e-mail to:
[email protected] |
|
|
|