San Diego Labor Market and Economic Overview

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "San Diego Labor Market and Economic Overview"

Transcription

1 San Diego Labor Market and Economic Overview Laura Choi, Federal Reserve Bank of San Francisco April 24, 2013 San Diego Banker CRA Roundtable The views expressed in this presentation are my own and do not represent those of the Federal Reserve Bank of San Francisco or the Federal Reserve System.

2 U.S. GDP growth 0.4% for Q Percent Change in Real GDP, Percent Change st Q 2009: ARRA 6 4 th Q 2008: TARP Source: Bureau of Economic Analysis

3 Western states showing stronger GDP growth Percent Change in Real GDP by State, 2011 vs CA 2.0 Far West = 2.1 U.S. = 1.5 Highest quintile Second quintile Third quintile Fourth quintile Lowest quintile

4 California mortgage delinquencies continue to fall 800, ,000 Number of Mortgages 400, , Loans in Foreclosure All Mortgages Past Due Source: Mortgage Bankers Association, National Delinquency Survey

5 CA housing starts slowly trending up 250 Housing Starts (in thousands), California New Housing Unit Starts (in thousands) Source: Bank of Tokyo Mitsubishi UFJ, Haver Analytics. Seasonally adjusted.

6 So. California house prices stabilized and trending up House Price Index (2000=100) CA San Diego Carlsbad San Marcos Santa Ana Anaheim Irvine LA Long Beach Glendale Source: HFHA House Price Index (formerly OFHEO House Price Index)

7 California and Nevada have the highest unemployment among 12 th District states 14 Unemployment Rates in the 12th District Feb Feb Unemployment Rate (seasonally adjusted) Source: Bureau of Labor Statistics U.S. (Feb. 2013) 7.7% NV CA OR AZ WA AK ID HI UT

8 California labor force continues to grow, employment recovering 19 Labor Force and Employment in California, Individual Workers (in millions) Labor Force Employment Source: Bureau of Labor Statistics

9 California has added jobs for the last several quarters, San Diego job growth on pace Employment (Year over Year Growth) 4% CA LA SD 2% 0% 2% 4% 6% 8% Source: Bureau of Labor Statistics (quarterly data through end of 2012)

10 14.0 Unemployment rates declining in Southern California counties County Unemployment Rate, Los Angeles County San Diego County 6.0 Orange County Source: Bureau of Labor Statistics, not seasonally adjusted

11 San Diego employment continues to grow 1,340 1,320 Total Nonfarm Employment (in thousands) San Diego Carlsbad San Marcos Recession Total Nonfarm Employment (in thousands) 1,300 1,280 1,260 1,240 1,220 1,200 1,180 1,160 1, Source: Bureau of Labor Statistics, not seasonally adjusted

12 But long-term unemployment persists 50% Unemployment in California by Duration (12 month moving average) 45% 40% More than 27 weeks 35% 30% 25% 20% 15% 10% 5 14 weeks Less than 5 weeks weeks 5% 0% Jan 05 Jul 05 Jan 06 Jul 06 Jan 07 Jul 07 Jan 08 Jul 08 Jan 09 Jul 09 Jan 10 Jul 10 Jan 11 Jul 11 Jan 12 Jul 12 Jan 13 Source: Bureau of Labor Statistics, Current Population Survey (Courtesy of CA EDD)

13 25 Despite improvements in unemployment, California labor market remains stressed California U 3 and U 6 Four quarter average, % of total* labor force Total Unemployment (U 6) Official Unemployment (U 3) Discouraged/ Marginally Attached Workers Source: Bureau of Labor Statistics * Total labor force and unemployment (U 6) includes discouraged and marginally attached workers and those working part time for economic reasons, as defined by the Bureau of Labor Statistics.

14 Growth in lower wage work Jobs Lost in the Recession Jobs Gained in the Recovery Higher Wage 19% 20% Mid Wage 60% 22% Lower Wage 21% 58% 80% 60% 40% 20% 0% 20% 40% 60% 80% Source: National Employment Law Project

15 $60,000 U.S. Median Household Income ($52,762) $50,000 $40,000 Income needed to afford median rent ($34,840) $30,000 $20,000 $10,000 $27,186 $21,008 Poverty Limit 4 person Household ($22,350) $18,824 $18,221 $0 Office Clerks Retail Salespersons Cashiers Food Preparation and Servers Source: Bureau of Labor Statistics, U.S. Department of Health and Human Services poverty guidelines, American Communities Survey

16 Earnings and unemployment by education, Unemployment rate Median weekly earnings $2,000 Unemployment Rate No Diploma High School Some college Assoc. Degree Source: Bureau of Labor Statistics, Current Population Survey BA MA Prof. Degree Highest Level of Education Completed Ph.D $1,800 $1,600 $1,400 $1,200 $1,000 $800 $600 $400 $200 $0 Median Weekly Earnings in 2012

17 Real wages have fallen over time for less educated Real Hourly Wages by Education, (Indexed, 1973=100) Advanced Degree College Some College High School 80 Less than H.S Source: Economic Policy Institute, The State of Working America 12th edition.

18 Concluding Thoughts California and San Diego economy showing signs of improvement Housing market strengthening Unemployment declining But employment conditions still difficult for many Considerations for LMI workers Fewer mid wage jobs, more low wage jobs Most low wage jobs don t pay living wages Increasing importance of educational attainment

SCHOOL PERFORMANCE FACT SHEET 2012 & 2013 CALENDAR YEARS

SCHOOL PERFORMANCE FACT SHEET 2012 & 2013 CALENDAR YEARS Summit College www.summitcollege.edu Anaheim Campus 1360 S. Anaheim Blvd, Anaheim CA. 92324 714/635/6232 SCHOOL PERFORMANCE FACT SHEET 2012 & 2013 CALENDAR YEARS Educational Program: Medical Billing/Coding

More information

SCHOOL PERFORMANCE FACT SHEET 2012 & 2013 CALENDAR YEARS

SCHOOL PERFORMANCE FACT SHEET 2012 & 2013 CALENDAR YEARS Summit College www.summitcollege.edu Colton Campus 851 S. Cooley Dr, Colton CA. 92324 909/422 8950 SCHOOL PERFORMANCE FACT SHEET 2012 & 2013 CALENDAR YEARS Educational Program: Certified Nursing Assistant

More information

Community Development Research Brief

Community Development Research Brief Community Development Research Brief Housing Market Recovery in the 12 th District: Implications for Lowand Moderate Income Communities Laura Choi Federal Reserve Bank of San Francisco Community Development

More information

MBA Forecast Commentary Joel Kan

MBA Forecast Commentary Joel Kan MBA Forecast Commentary Joel Kan Mortgage Originations Estimates Revised Higher MBA Economic and Mortgage Finance Commentary: February 2016 In our most recent forecast, we presented revisions to our mortgage

More information

ECONOMIC TRENDS MONTHLY

ECONOMIC TRENDS MONTHLY ECONOMIC TRENDS MONTHLY ISSUED APRIL 28, 2012 COVERING DATA THRU MARCH 2012 Steve Nivin, Ph.D.; Maya Halebic, M.B.A.; Ramiro Cavazos Please contact Steve Nivin with any questions or comments at snivin@saberinstitute.org

More information

TRENDS IN DELINQUENCIES AND FORECLOSURES IN UTAH

TRENDS IN DELINQUENCIES AND FORECLOSURES IN UTAH TRENDS IN DELINQUENCIES AND FORECLOSURES IN UTAH April 2009 Jan Bontrager, Community Development Department, Federal Reserve Bank of San Francisco Outline of Presentation National Trends Rising foreclosures

More information

Williamson County, Texas Changing Demographics and Implications of Growth April 22, 2014

Williamson County, Texas Changing Demographics and Implications of Growth April 22, 2014 Williamson County, Texas Changing Demographics and Implications of Growth April 22, 2014 Presentation Overview 1. How fast is Williamson growing? 2. Where are people coming from? 3. How is the population

More information

Time to fill jobs in the US January 2015. 30day. The. tipping point

Time to fill jobs in the US January 2015. 30day. The. tipping point Time to fill jobs in the US January 2015 The 30day tipping point Time to fill jobs in the US Key Findings For businesses that fail to fill job openings within the first month, there is a 57% chance that

More information

Historically, employment in financial

Historically, employment in financial Employment in financial activities: double billed by housing and financial crises The housing market crash, followed by the financial crisis of the 2007-09 recession, helped depress financial activities

More information

Emerging Jobs and Changing Demands of the Workforce

Emerging Jobs and Changing Demands of the Workforce Emerging Jobs and Changing Demands of the Workforce Amar Mann Branch Chief and Supervisory Economist Economic Analysis and Information Divison Presented at CSU-East Bay November 19, 2014 Bureau of Labor

More information

Zillow Negative Equity Report

Zillow Negative Equity Report Overview The housing market is finally showing signs of life, with many metropolitan areas having hit the elusive bottom and seeing home value appreciation, however negative equity remains a drag on the

More information

California Healthcare Employment Outlook

California Healthcare Employment Outlook California Healthcare Employment Outlook Amar Mann Economic Analysis & Information Branch Chief San Francisco Office August 2015 www.bls.gov What is the Bureau of Labor Statistics? The federal agency which

More information

2015 Texas Economic Outlook: Tapping on the Brakes Keith Phillips Sr. Economist and Research Officer

2015 Texas Economic Outlook: Tapping on the Brakes Keith Phillips Sr. Economist and Research Officer 215 Texas Economic Outlook: Tapping on the Brakes Keith Phillips Sr. Economist and Research Officer The views expressed in this presentation are strictly those of the presenter and do not necessarily reflect

More information

Orange County Office Market Report

Orange County Office Market Report FIRST QUARTER 2015 Orange County Office Market Report Partnership. Performance. Avison Young - Irvine 2030 Main Street, Suite 150 Irvine, CA 92614 949.757.1190 www.avisonyoung.com FIRST QUARTER 2015 Orange

More information

ORANGE COUNTY, CALIFORNIA

ORANGE COUNTY, CALIFORNIA ORANGE COUNTY, CALIFORNIA County Community Data Profile Vantage Point 2015: 12 th District Community Indicators Project Federal Reserve Bank of San Francisco Project Contact: Gabriella Chiarenza gabriella.chiarenza@sf.frb.org

More information

PLACER COUNTY INFORMATION TECHNOLOGY STUDY

PLACER COUNTY INFORMATION TECHNOLOGY STUDY PLACER COUNTY INFORMATION TECHNOLOGY STUDY Prepared for the COUNTY OF PLACER OFFICE OF ECONOMIC EVELOPMENT 175 Fulweiler Avenue Auburn, CA 95603 Prepared by the REGIONAL ECONOMICS & LAND USE INSTITUTE

More information

Salt Lake Housing Forecast

Salt Lake Housing Forecast 2015 Salt Lake Housing Forecast A Sustainable Housing Market By James Wood Director of the Bureau of Economic and Business Research Commissioned by the Salt Lake Board of REALTORS By year-end 2013 home

More information

Health Insurance Coverage of Children Under Age 19: 2008 and 2009

Health Insurance Coverage of Children Under Age 19: 2008 and 2009 Health Insurance Coverage of Children Under Age 19: 2008 and 2009 American Community Survey Briefs Issued September 2010 ACSBR/09-11 IntroductIon Health insurance, whether private or public, improves children

More information

Austin: A Theory of Everything How & why Austin is changing and what we should do about it

Austin: A Theory of Everything How & why Austin is changing and what we should do about it Austin: A Theory of Everything How & why Austin is changing and what we should do about it 2014 Realty Round Up Palmer Events Center Austin, TX October 15, 2014 Austin rank among U.S. metros since 2000

More information

Figure 11.1 Changes in California Gross State Product versus Changes in U.S. Gross Domestic Product, 1980 1994. California U.S.

Figure 11.1 Changes in California Gross State Product versus Changes in U.S. Gross Domestic Product, 1980 1994. California U.S. Figure 11.1 Changes in California Gross State Product versus Changes in U.S. Gross Domestic Product, 1980 1994 Percent 8 California 4 0 U.S. -4 1980 1982 1984 1986 1988 1990 1992 1994 Source: U.S. Department

More information

How learning benefits Georgians over a lifetime

How learning benefits Georgians over a lifetime How learning benefits Georgians over a lifetime Education empowers Employability 2 Income 7 Home ownership 13 The next generation 17 Older citizens 21 Quality of life 26 Social well being 31 It s a simple

More information

SAN DIEGO S ROAD TO RECOVERY

SAN DIEGO S ROAD TO RECOVERY SAN DIEGO S ROAD TO RECOVERY June 2012 Like all American cities, San Diego suffered from the 2008 financial crisis and ensuing recession. Gradual and positive trends in unemployment, real estate, tourism

More information

I. HEALTH ASSESSMENT B. SOCIOECONOMIC CHARACTERISTICS

I. HEALTH ASSESSMENT B. SOCIOECONOMIC CHARACTERISTICS I. B. SOCIOECONOMIC CHARACTERISTICS 1. HOW FINANCIALLY SECURE ARE RESIDENTS OF DELAWARE? Delaware residents median household incomes are lower than comparison communities but higher than national norms.

More information

Investment Symposium March 14-15, 2013 New York, NY. Session E5, U.S. Economic Conditions and the Housing/Mortgage Market

Investment Symposium March 14-15, 2013 New York, NY. Session E5, U.S. Economic Conditions and the Housing/Mortgage Market Investment Symposium March 1-15, 213 New York, NY Session E5, U.S. Economic Conditions and the Housing/Mortgage Market Moderator: Jonathan Glowacki Presenter: David Berson Housing & Mortgage Market Outlook

More information

Summary. Abbas P. Grammy 1 Professor of Economics California State University, Bakersfield

Summary. Abbas P. Grammy 1 Professor of Economics California State University, Bakersfield The State of the Economy: Kern County, California Summary Abbas P. Grammy 1 Professor of Economics California State University, Bakersfield Kern County households follow national trends. They turned less

More information

Community Development Research Brief. Student Debt and Default in the 12 th District

Community Development Research Brief. Student Debt and Default in the 12 th District Community Development Research Brief Student Debt and Default in the 12 th District Federal Reserve Bank of San Francisco Laura Choi December 2011 1 INTRODUCTION Postsecondary educational expenses and

More information

Durango Real Estate: Revisiting California and Price-to-Rent by Luke T Miller, PhD

Durango Real Estate: Revisiting California and Price-to-Rent by Luke T Miller, PhD Durango Real Estate: Revisiting California and Price-to-Rent by Luke T Miller, PhD About one year ago, I compared Durango real estate to southern California and also conducted a price-to-rent ratio analysis

More information

Nursing: Home Health Aide

Nursing: Home Health Aide RRN 1,692 Nursing: Home Health Aide March 2010 Needs Assessment Prepared by Carli Straight Date: March 18, 2010 Nursing: Home Health Aide 1 Scope Data compiled in this report covers San Bernardino, Riverside,

More information

U.S. Economic, Capital Markets. and Self-Storage Market Overview

U.S. Economic, Capital Markets. and Self-Storage Market Overview U.S. Economic, Capital Markets and Self-Storage Market Overview 2011 Economic Tug-of-War Positives Retail Sales excl. auto and gas well above pre-recession levels U.S. GDP higher than 2006 levels The Private

More information

An Equity Assessment of the. St. Louis Region

An Equity Assessment of the. St. Louis Region An Equity Assessment of the A Snapshot of the Greater St. Louis 15 counties 2.8 million population 19th largest metropolitan region 1.1 million households 1.4 million workforce $132.07 billion economy

More information

What does Georgia gain. by investing in its

What does Georgia gain. by investing in its What does Georgia gain by investing in its colleges and universities 2 A tremendous return: More economic prosperity. Less government spending. A stronger competitive advantage. A higher quality of life.

More information

Executive Summary. All San Diego County Veteran estimates produced using the 2009-2013 American Community Survey PUMS, unless noted otherwise.

Executive Summary. All San Diego County Veteran estimates produced using the 2009-2013 American Community Survey PUMS, unless noted otherwise. i,1 Executive Summary San Diego County is home to one of the largest concentrations of Veterans in the country. More than a quarter million veterans reside in the county, with half actively in the labor

More information

Brief 1 The State of North Carolina: Jobs, Poverty and Family. Jeannine Sato, Center for Child and Family Policy

Brief 1 The State of North Carolina: Jobs, Poverty and Family. Jeannine Sato, Center for Child and Family Policy Brief 1 The State of North Carolina: Jobs, Poverty and Family Jeannine Sato, Center for Child and Family Policy The connection among jobs, poverty and family well-being is well established. Research shows

More information

Economic Snapshot for February 2013

Economic Snapshot for February 2013 Economic Snapshot for February 2013 Christian E. Weller on the State of the Economy Christian E. Weller, associate professor, Department of Public Policy and Public Affairs, University of Massachusetts

More information

THE STATE OF THE ECONOMY

THE STATE OF THE ECONOMY THE STATE OF THE ECONOMY CARLY HARRISON Portland State University Following data revisions, the economy continues to grow steadily, but slowly, in line with expectations. Gross domestic product has increased,

More information

Household Debt and Credit: Student Debt

Household Debt and Credit: Student Debt Household Debt and Credit: Student Debt February 28, 2013 Donghoon Lee The views presented here are those of the author and do not necessarily reflect those of the Federal Reserve Bank of New York, or

More information

A Revenue Forecast The City of Hayward, California

A Revenue Forecast The City of Hayward, California Analysis. Answers Jordan G. Levine Economist and Director of Economic Research Beacon Economics A Revenue Forecast The City of Hayward, California December 17, 2013 Beacon Economics, LLC pg The Big Picture

More information

A Strong Housing Recovery Fuels Growth

A Strong Housing Recovery Fuels Growth Chapman University A. Gary Anderson Center for Economic Research FOR RELEASE: ONLINE: June 12, 2013; 10:00 a.m. PRINT: June 13, 2013 CONTACT: James Doti, President and Donald Bren Distinguished Chair of

More information

Licensed Vocational Nursing

Licensed Vocational Nursing SCL/SS CL The Answer to Vocational Training www.summitcollege.com School Performance Fact Sheet 2014 2015 Summit College Main Campus 851 S Cooley, Colton CA 92324 909/422 8950 Santa Ana Branch 1639 E Edinger

More information

Trends In Long-term Unemployment

Trends In Long-term Unemployment MARCH 2015 Trends In Long-term Unemployment Karen Kosanovich and Eleni Theodossiou Sherman Long-term unemployment reached historically high levels following the Great Recession of 2007 2009. Both the number

More information

Educational Program: Program Length: HOURS

Educational Program: Program Length: HOURS SCL/SS CL The Answer to Vocational Training www.summitcollege.com School Performance Fact Sheet 2014 Summit College Main Campus 851 S Cooley, Colton CA 92324 909/422 8950 Santa Ana Branch 1639 E Edinger

More information

THE ECONOMIC and WORKFORCE SITUATION May 2014 Snapshot

THE ECONOMIC and WORKFORCE SITUATION May 2014 Snapshot Agenda Item lll (b) THE ECONOMIC and WORKFORCE SITUATION May 2014 Snapshot Unemployment for April 2014 San Jose-Sunnyvale-Santa Clara MSA was 5.4%, California 7.3%, United States 5.9%, Santa Clara County

More information

Education and training outlook for occupations, 2012 22

Education and training outlook for occupations, 2012 22 Education and training outlook for occupations, 2012 22 The 820 occupations for which BLS prepared 2012 22 employment projections received assignments in three categories: typical entry level education,

More information

Building Our Future Chicago

Building Our Future Chicago Building Our Future Chicago A Toolkit for Residents and Community Leaders Chicago Rehab Network 53 West Jackson Blvd Suite 739 Chicago Illinois 60604 312-663-3936 www.chicagorehab.org Our work is made

More information

Building Stronger Industries and Communities: The Role of the American Community Survey

Building Stronger Industries and Communities: The Role of the American Community Survey Building Stronger Industries and Communities: The Role of the American Community Survey March 7, 2011 David Crowe Chief Economist Housing Data in General Local Different Cyclic Comparisons require good

More information

Students Available for Graduation 2 2013 51 51 1 1% 2014 13 13 0 0% 150% Completion Rate 6 2013 51 51 29 57% 2014 13 13 8 62%

Students Available for Graduation 2 2013 51 51 1 1% 2014 13 13 0 0% 150% Completion Rate 6 2013 51 51 29 57% 2014 13 13 8 62% SCL/SS-CL The Answer to Vocational Training www.summitcollege.com School Performance Fact Sheet 2013-2014 Summit College Main Campus - 851 S Cooley, Colton CA 92324 909/422-8950 Santa Ana Branch - 1639

More information

In Demand Jobs: US Projections, 2012-22. Richard Holden BLS Regional Commissioner San Diego, CA March 6, 2014

In Demand Jobs: US Projections, 2012-22. Richard Holden BLS Regional Commissioner San Diego, CA March 6, 2014 In Demand Jobs: US Projections, 2012-22 Richard Holden BLS Regional Commissioner San Diego, CA March 6, 2014 Overview US Employment, California, and San Diego Industry employment Occupational employment

More information

Medical Transcription

Medical Transcription RRN 1,421 Medical Transcription April 2009 Needs Assessment Prepared by Carli Straight Date: April 28, 2009 Medical Transcription 1 Scope Data compiled in this report covers San Bernardino, Riverside,

More information

Virginia Housing Market and Foreclosure Status

Virginia Housing Market and Foreclosure Status Virginia Housing Market and Foreclosure Status Virginia Foreclosure Task Force September 17, 2013 Virginia Housing Development Authority Overview 1. Looking back: Market conditions and foreclosure trends

More information

Small Business Credit Outlook

Small Business Credit Outlook 2015 Q1 Small Business Credit Outlook Small Business to the Rescue Small business came to the rescue for the U.S. economy in Q1 2015. GDP surprised on the low side at 0.2% in the 1st quarter and demand

More information

Southern California s Ports and Goods Movement Industry 2015

Southern California s Ports and Goods Movement Industry 2015 Southern California s Ports and Goods Movement Industry 2015 Keeping California Ports Competitive California Senate Informational Hearing May 8, 2015 Robert A. Kleinhenz, Ph.D. Chief Economist,, LAEDC

More information

Hardest Hit Fund Overview

Hardest Hit Fund Overview Hardest Hit Fund Overview for Trusted Advisors The Hardest Hit Fund 2 History of the Hardest Hit Fund The Hardest Hit Fund provides $7.6 billion to 18 states and the District of Columbia to provide assistance

More information

Non Farm Payroll Employment Developments among States during the Great Recession and Jobless Recovery

Non Farm Payroll Employment Developments among States during the Great Recession and Jobless Recovery Non Farm Payroll Employment Developments among States during the Great Recession and Jobless Recovery Prepared by: Paul E. Harrington and Neeta P. Fogg Center for Labor Markets and Policy, Drexel University

More information

Public Relations Agencies in Los Angeles County

Public Relations Agencies in Los Angeles County Los Angeles County Economic Development Corporation in Los Angeles County 444 S. Flower Street, 34 th Floor Los Angeles, CA 90071 (888) 4-LAEDC-1 www.laedc.org Gregory Freeman and Christine Cooper, Ph.D.

More information

Hardest Hit Fund Overview. October 2014 Making Home Affordable

Hardest Hit Fund Overview. October 2014 Making Home Affordable Hardest Hit Fund Overview for Trusted Advisors History of the Hardest Hit Fund The Hardest Hit Fund provides $7.6 billion to 18 states and the State District of Columbia to provide assistance to struggling

More information

MORTGAGE PAYMENT RESET The Issue and the Impact

MORTGAGE PAYMENT RESET The Issue and the Impact May 30, 2007 MORTGAGE PAYMENT RESET The Issue and the Impact Christopher L. Cagan, Ph.D. Director of Research and Analytics First American CoreLogic 4 First American Way Santa Ana, CA 92707 (714) 250.6177

More information

Women s Participation in Education and the Workforce. Council of Economic Advisers

Women s Participation in Education and the Workforce. Council of Economic Advisers Women s Participation in Education and the Workforce Council of Economic Advisers Updated October 14, 214 Executive Summary Over the past forty years, women have made substantial gains in the workforce

More information

Small Business Credit Outlook

Small Business Credit Outlook 2015 Q3 Small Business Credit Outlook All s Well that Ends Well Shakespeare All s Not Well - Hamlet Business Cycle As 2015 ends, it is easy to say all is well going into 2016. Lending activity stands strong,

More information

Report on Nevada s Housing Market

Report on Nevada s Housing Market June Report on Nevada s Housing Market This is the first of a series of reports on Nevada s Housing Market co-presented by the Lied Institute for Real Estate Studies at the University of Nevada, Las Vegas

More information

The Numbers Tell the Story. Jeremy Aguero Preview Las Vegas 2015

The Numbers Tell the Story. Jeremy Aguero Preview Las Vegas 2015 The Numbers Tell the Story Jeremy Aguero Preview Las Vegas 2015 #2 Population growth in the nation #2 Nevada 1.71% Nevada population 2,843,301 #1 North Dakota 2.16% #3 Texas 1.70% Source: United States

More information

Sonoma County Economic Development Board BUSINESS BAROMETER

Sonoma County Economic Development Board BUSINESS BAROMETER BUSINESS BAROMETER September 2006 In This Month s Report: Newly revised employment data shows that Sonoma County added 3,000 jobs in the 12-month period ending July 2006. The seasonally adjusted unemployment

More information

ECONOMIC OPPORTUNITIES WITHIN YOUR REGIONAL SUPPLY CHAINS CHRIS BROWN SENIOR ASSOCIATE REMI

ECONOMIC OPPORTUNITIES WITHIN YOUR REGIONAL SUPPLY CHAINS CHRIS BROWN SENIOR ASSOCIATE REMI ECONOMIC OPPORTUNITIES WITHIN YOUR REGIONAL SUPPLY CHAINS CHRIS BROWN SENIOR ASSOCIATE REMI Regional Economy Through the Lens of REMI Defining Supply Chains Firm Supply Chain Management vs Inter-industry

More information

MBA Forecast Commentary Joel Kan, jkan@mba.org

MBA Forecast Commentary Joel Kan, jkan@mba.org MBA Forecast Commentary Joel Kan, jkan@mba.org Weak First Quarter, But Growth Expected to Recover MBA Economic and Mortgage Finance Commentary: May 2015 Broad economic growth in the US got off to a slow

More information

SAN DIEGO COUNTY, CALIFORNIA

SAN DIEGO COUNTY, CALIFORNIA SAN DIEGO COUNTY, CALIFORNIA County Community Data Profile Vantage Point 2015: 12 th District Community Indicators Project Federal Reserve Bank of San Francisco Project Contact: Gabriella Chiarenza gabriella.chiarenza@sf.frb.org

More information

Hardest Hit Fund Overview

Hardest Hit Fund Overview Hardest Hit Fund Overview for Trusted Advisors The Hardest Hit Fund 2 History of the Hardest Hit Fund The Hardest Hit Fund provides $7.6 billion to 18 states and the District of Columbia to provide assistance

More information

HUD PD&R Housing Market Profiles

HUD PD&R Housing Market Profiles Newark, New Jersey-Pennsylvania Quick Facts About Newark By Joseph Shinn Current sales market conditions: slightly soft. Current apartment market conditions: slightly tight. Driven by continued increases

More information

2014 Kern County. Economic Forecast. California

2014 Kern County. Economic Forecast. California 214 Kern County Economic Forecast California Economic Forecast March 26, 214 Bakersfield, California The 214 Kern County Economic Forecast Volume 1 March 214 Prepared for: Kern Economic Development Corporation

More information

13.8% Inflation-adjusted GDP (billions) Cumulative growth 2009 to Q3 2015. Exhibit 1 Steady U.S. Economic Growth After a Severe Recession $17,000

13.8% Inflation-adjusted GDP (billions) Cumulative growth 2009 to Q3 2015. Exhibit 1 Steady U.S. Economic Growth After a Severe Recession $17,000 Exhibit 1 Steady U.S. Economic Growth After a Severe Recession Inflation-adjusted GDP (billions) $17,000 $16,000 $15,000 $14,000 $13,000 13.8% Cumulative growth 2009 to Q3 2015 $12,000 $11,000 $10,000

More information

Eight Reasons Why Home Construction and Sales Could Boom

Eight Reasons Why Home Construction and Sales Could Boom ERIK NORLAND, SENIOR ECONOMIST AND EXECUTIVE DIRECTOR, CME GROUP 9 MARCH 5 Eight Reasons Why Home Construction and Sales Could Boom All examples in this report are hypothetical interpretations of situations

More information

San Francisco s Widening Income Inequality

San Francisco s Widening Income Inequality San Francisco s Widening Income Inequality May 2014 San Francisco Human Services Agency Economic Trends May 2014 San Francisco Human Services Agency San Francisco Human Services Agency 3 100% 90% 80% 70%

More information

For Immediate Release

For Immediate Release Household Income Trends May 2015 Issued July 2015 Gordon Green and John Coder Sentier Research, LLC For Immediate Release 1 Household Income Trends May 2015 Note This report on median household income

More information

Durango Real Estate: Look West to Cal-i-forn-i-a by Luke T Miller

Durango Real Estate: Look West to Cal-i-forn-i-a by Luke T Miller Durango Real Estate: Look West to Cal-i-forn-i-a by Luke T Miller As a finance professor, I often get asked my opinion of the housing market. Many times I respond with the most recent housing numbers.

More information

ELECTRICIANS & PLUMBERS 2008-2018 OCCUPATIONAL GROWTH PROJECTIONS

ELECTRICIANS & PLUMBERS 2008-2018 OCCUPATIONAL GROWTH PROJECTIONS ELECTRICIANS & PLUMBERS 2008-2018 OCCUPATIONAL GROWTH PROJECTIONS REPORT FOR IRVINE VALLEY COLLEGE JANUARY 2009 CENTER OF EXCELLENCE, ORANGE COUNTY Rancho Santiago Community College District 2323 N. Broadway,

More information

U.S. and Regional Housing Markets

U.S. and Regional Housing Markets U.S. and Regional Housing Markets House Prices Boom, Bust and Rebound Index, 1991: Q1=1* 3 CoreLogic house price index Real FHFA house price index 25 2 15 1 5 1991 199 1997 2 23 26 29 212 215 *Seasonally

More information

Chronicling Latinos diverse experience in a changing America

Chronicling Latinos diverse experience in a changing America Chronicling Latinos diverse experience in a changing America 1615 L Street, NW, Suite 700 Washington, DC 20036 202-419-3600(main) 202-419-3608(fax) www.pewhispanic.org About the Center About the Pew Hispanic

More information

Small Business Credit Outlook

Small Business Credit Outlook 2015 Q2 Small Business Credit Outlook A Change Will Do You Good Foreign markets falling. The U.S. economy holding up relatively well due to the consumer. Technology radically changing entire industries

More information

FAST FACTS. The Nursing Workforce 2014: Growth, Salaries, Education, Demographics & Trends

FAST FACTS. The Nursing Workforce 2014: Growth, Salaries, Education, Demographics & Trends FAST FACTS The Nursing Workforce 2014: Growth, Salaries, Education, Demographics & Trends RN Job Growth Rate (new and replacement) By State/Region, 2012-2022) 14 states project an annual growth rate of

More information

Twin Cities Labor Market Trends and Projections January 27, 2016

Twin Cities Labor Market Trends and Projections January 27, 2016 Minnesota Department of Employment and Economic Development Twin Cities Labor Market Trends and Projections January 27, 2016 Tim O Neill Regional Analysis & Outreach Unit Minnesota Dept. of Employment

More information

This Copy has been provided to you by: ParaWest Management. Scottsdale, AZ 85258 480.951.4872 ms@parawestmanagement.com

This Copy has been provided to you by: ParaWest Management. Scottsdale, AZ 85258 480.951.4872 ms@parawestmanagement.com This Copy has been provided to you by: ParaWest Management 7979 N. Hayden Rd., Suite D263 Scottsdale, AZ 85258 480.951.4872 ms@parawestmanagement.com Greater Phoenix economic fundamentals have not really

More information

U. S. and Maryland New Housing Unit Production: 2009

U. S. and Maryland New Housing Unit Production: 2009 U. S. and Maryland New Housing Unit Production: 2009 (See Building Permit Data Summary Tables, Charts and Maps at http://planning.maryland.gov/msdc/newhh/newhh.shtml Annual Reports: 2009. Nationally, permit

More information

December 2015 Lutgert College Of Business 10501 FGCU Blvd. South Fort Myers, FL 33965 Phone 239-590-7090 www.fgcu.edu/cob/reri

December 2015 Lutgert College Of Business 10501 FGCU Blvd. South Fort Myers, FL 33965 Phone 239-590-7090 www.fgcu.edu/cob/reri Southwest Florida Regional Economic Indicators December 2015 Lutgert College Of Business 10501 FGCU Blvd. South Fort Myers, FL 33965 Phone 239-590-7090 www.fgcu.edu/cob/reri Table of Contents Introduction:

More information

Regional Profile Labor Force, Employment and Unemployment in Region 5

Regional Profile Labor Force, Employment and Unemployment in Region 5 Regional Profile Labor Force, Employment and Unemployment in Region 5 For questions regarding content, please contact Brian Rooney at Brian.T.Rooney@state.or.us, (541) 686-7703 www.workinginoregon.org

More information

Summary of Census Data Indicator Number Percentage People living below 100% of the poverty line

Summary of Census Data Indicator Number Percentage People living below 100% of the poverty line OCCORD Policy Brief: Earnings, Poverty and Income in Orange County Analysis of Regional Data from the US Census Bureau 2007 American Community Survey August 26, 2008 I. Summary Summary of Census Data Indicator

More information

CREDIT UNION TRENDS REPORT

CREDIT UNION TRENDS REPORT CREDIT UNION TRENDS REPORT CUNA Mutual Group Economics June 2 (April 2 data) Highlights During April, credit unions picked up 3, new memberships, credit union loan balances grew at an annualized 1.7% pace,

More information

Educational Attainment. Five Key Data Releases From the U.S. Census Bureau

Educational Attainment. Five Key Data Releases From the U.S. Census Bureau Educational Attainment Five Key Data Releases From the U.S. Census Bureau 100% 90% 80% 70% Educational Attainment of the Population 25 Years and Older: 2011 30 percent 1% 2% 8% 19% Doctorate degree Professional

More information

Associate Degree Nursing

Associate Degree Nursing RRN 1,892 Associate Degree Nursing February 2011 Needs Assessment Prepared by Carli Straight Date: February 24, 2011 Associate Degree Nursing 1 Scope Data compiled in this report covers San Bernardino,

More information

ORANGE COUNTY REGIONAL WORKFORCE & ECONOMIC DEVELOPMENT NETWORK (OC Network)

ORANGE COUNTY REGIONAL WORKFORCE & ECONOMIC DEVELOPMENT NETWORK (OC Network) ORANGE COUNTY REGIONAL WORKFORCE & ECONOMIC DEVELOPMENT NETWORK (OC Network) Wednesday, May 6, 2015 9:00 11:00 North Orange County Community College District Board Room 1830 W. Romneya Drive Anaheim, CA

More information

Mortgage Loan Fraud Update

Mortgage Loan Fraud Update Financial Crimes Enforcement Network Mortgage Loan Fraud Update Suspicious Activity Report Filings In 2nd Quarter 2012 October 2012 i Table of Contents Introduction 1 Overall Filings 2 Subject Locations

More information

HUD PD&R Housing Market Profiles

HUD PD&R Housing Market Profiles Sacramento--Arden-Arcade--Roseville, California Quick Facts About Sacramento-Arden-Arcade--Roseville By Elaine Ng Current sales market conditions: slightly soft but improving. Current apartment market

More information

PUBLIC DISCLOSURE COMMUNITY REINVESTMENT ACT PERFORMANCE EVALUATION

PUBLIC DISCLOSURE COMMUNITY REINVESTMENT ACT PERFORMANCE EVALUATION PUBLIC DISCLOSURE August 03, 2015 COMMUNITY REINVESTMENT ACT PERFORMANCE EVALUATION The First National Bank of Durango Charter Number 2637 259 West 9th Street Durango, CO 81302 Office of the Comptroller

More information

Small Business Credit Outlook

Small Business Credit Outlook 2014 Q4 Small Business Credit Outlook The Growth Engine in 2015 Stock market volatility and GDP growth slowing to 2.6% lead many to believe the economy is stumbling. This problem can be attributed to a

More information

The Microeconomy and US Labor Force

The Microeconomy and US Labor Force The Microeconomy and US Labor Force Gross domestic product (GDP) is projected to grow by 3% annually, assuming full employment in 2020 (which, in the US, means unemployment of approximately 5-6%), expected

More information

IN ARIZONA TEACHING. Sponsored by the University of Arizona College of Education and the Southern Arizona Leadership Council. Data and analysis by

IN ARIZONA TEACHING. Sponsored by the University of Arizona College of Education and the Southern Arizona Leadership Council. Data and analysis by TEACHING IN ARIZONA Sponsored by the University of Arizona College of Education and the Southern Arizona Leadership Council Data and analysis by Packaging by Fall 2015 1 TEACHING: THE IDEAL Warm glow of

More information

Introduction to Commercial Real Estate: An Overview (415) 713-0213

Introduction to Commercial Real Estate: An Overview (415) 713-0213 Introduction to Commercial Real Estate: An Overview By www.the The-Commercial-Group.com (415) 713-0213 www.the-commercial-group Group.com Agenda Legal Obligations Commercial Leasing Business Opportunities

More information

2016 Individual Exchange Premiums updated November 4, 2015

2016 Individual Exchange Premiums updated November 4, 2015 2016 Individual Exchange Premiums updated November 4, 2015 Within the document, you'll find insights across 50 states and DC with available findings (i.e., carrier participation, price leadership, gross

More information

Los Angeles County s Goods Movement Industry

Los Angeles County s Goods Movement Industry Los Angeles County s Goods Movement Industry California League of Cities March 5, 2015 Robert A. Kleinhenz, Ph.D. Chief Economist,, LAEDC Outline U.S./California Economies Los Angeles County Goods Movement

More information

North Central Texas Thinking Ahead

North Central Texas Thinking Ahead North Central Texas Thinking Ahead Donna Coggeshall Population: Past, Present, and Future 2010: 6.4 million 2040: 10.5 million 1900: 0.4 million Figures are for the 12-county MPA Development Form Thinking

More information

RECENT TRENDS IN SELECTED NEBRASKA ECONOMIC NUMBERS Updated August 19, 2016

RECENT TRENDS IN SELECTED NEBRASKA ECONOMIC NUMBERS Updated August 19, 2016 RECENT TRENDS IN SELECTED NEBRASKA ECONOMIC NUMBERS Updated August 19, 2016 LABOR FORCE AND UNEMPLOYMENT: Preliminary numbers from the Nebraska Department Labor show the state s not seasonally adjusted

More information

What Will Drive Growth in the Washington Area Economy Going Forward?

What Will Drive Growth in the Washington Area Economy Going Forward? /4/25 Cardinal Bank & George Mason University 23 rd Annual Economic Conference What Will Drive Growth in the Washington Area Economy Going Forward? Stephen S. Fuller, Ph.D. Dwight Schar Faculty Chair and

More information