February 2008 Monthly Analysis
> Payroll
MONTHLY COMPARISON
-- According to the California Employment Development Department, the total number of jobs in the East Bay fell by 24,600 jobs to reach 1,034,200 in January 2008, down from 1,058,800 in December 2007. As typically occurs at this time of year, all major nonfarm industries declined seasonally.
-
Trade, transportation, and utilities lost 7,800 jobs, largely in retail trade (down 6,300 jobs) due to the end of the holiday shopping season.
-
Professional and business services decreased seasonally by 4,300 jobs, with cutbacks spread throughout various professional, scientific, and technical services and in employment services.
-
Construction payrolls fell by 4,200 jobs, a larger decrease than the prior 17-year average loss of 3,100 jobs between December and January.
-
Leisure and hospitality, as well as educational and health services, each declined seasonally by 2,400 jobs.
ANNUAL COMPARISON
-- Between January 2007 and January 2008, industry employment grew by 800 jobs or 0.1 percent.
-
Government led the year-over job gains by adding 6,200 jobs. Local public schools (up 4,900 jobs) accounted for the bulk of the increase.
-
Educational and health services rose by 2,100 jobs, largely in private social assistance and health care firms.
-
On the down side, financial activities lost a total of 4,400 jobs, mostly in banks, savings and loans, and credit unions (down 2,900 jobs).
-
Construction and manufacturing each accounted for a loss of 1,400 jobs.
|
East Bay Primary Sectors
|
Jan-08
|
1 Month Change
|
12 Month
Change
|
12 Month % Change
|
24 Month Change
|
|
Government
|
189,300
|
-1,100
|
6,200
|
3.4%
|
9,200
|
|
Educational and
Health Services
|
123,700
|
-2,400
|
2,100
|
1.7%
|
5,000
|
|
Leisure and
Hospitality
|
85,100
|
-2,400
|
700
|
0.8%
|
3,600
|
|
Trans, Warehousing
& Utilities
|
36,300
|
-1,000
|
600
|
1.7%
|
2,600
|
|
Other Services
|
35,500
|
-700
|
500
|
1.4%
|
600
|
|
Professional and
Business Services
|
152,700
|
-4,300
|
0
|
0.0%
|
2,100
|
|
Wholesale Trade
|
48,300
|
-500
|
-300
|
-0.6%
|
200
|
|
Retail Trade
|
112,900
|
-6,300
|
-900
|
-0.8%
|
-1,900
|
|
Information
|
28,700
|
-200
|
-900
|
-3.0%
|
-1,300
|
|
Construction
|
67,600
|
-4,200
|
-1,400
|
-2.0%
|
-1,600
|
|
Manufacturing
|
92,600
|
-600
|
-1,400
|
-1.5%
|
-3,200
|
|
Financial
Activities
|
59,100
|
-800
|
-4,400
|
-6.9%
|
-9,900
|
|
Total All
Industries
|
1,034,200
|
-24,600
|
800
|
0.1%
|
5,500
|
|
INDUSTRY EMPLOYMENT DATA
SOURCE: California Employment Development Department
|
EAST BAY CONSTRUCTION PAYROLL
EMPLOYMENT
Both the month-over-month and year-over-year changes in the East Bay’s construction sector reflect the housing construction downturn affecting the entire nation, with new jobs in infrastructure-related construction and specialty trade contractors making up a majority of gains in this sector. Seasonal losses can be attributed to the total decrease in construction jobs of 4,200 between December 2007 and January 2008, however this number is higher than the East Bay’s average December-January loss of 3,100 construction jobs.
|
Construction Sector
|
Jan-08
|
1 Month Change
|
12 Month
Change
|
12 Month % Change
|
24 Month Change
|
|
Highway, Street, &
Bridge Const.
|
3,500
|
-200
|
300
|
9.4%
|
-100
|
|
Other Specialty
Trade Contractors
|
18,500
|
-2,000
|
200
|
1.1%
|
800
|
|
Building Equipment
Contractors
|
14,500
|
-500
|
100
|
0.7%
|
600
|
|
Residual-Other
Heavy & Civil Engineer
|
5,500
|
-300
|
0
|
0.0%
|
300
|
|
Building Foundation
& Exterior Contractors
|
9,400
|
-500
|
-600
|
-6.0%
|
-1,000
|
|
Residential
Buildings
|
11,200
|
-500
|
-700
|
-5.9%
|
-2,000
|
|
Nonresidential Buildings
|
5,000
|
-200
|
-700
|
-12.3%
|
-200
|
|
Total All
Construction
|
67,600
|
-4,200
|
-1,400
|
-2.0%
|
-1,600
|
EAST BAY MANUFACTURING PAYROLL
EMPLOYMENT
The East Bay’s manufacturing sector showed an overall loss of 600 jobs between December 2007 and January 2008. A year-over-year comparison showed an overall loss of 1,400 jobs when compared with January 2007.
|
Manufacturing Sector
|
Jan - 08
|
1 Month Change
|
12 Month
Change
|
12 Month % Change
|
24 Month Change
|
|
Chemical
|
7,300
|
0
|
200
|
2.8%
|
200
|
|
Transportation Equipment
|
7,600
|
100
|
100
|
1.3%
|
-200
|
|
Petroleum & Coal Products
|
7,200
|
100
|
-200
|
-2.7%
|
600
|
|
Computer & Electronic Products
|
19,900
|
100
|
-400
|
-2.0%
|
-1,500
|
|
Residual-Food
|
19,300
|
-400
|
-500
|
-2.5%
|
-1,400
|
|
Residual-Miscellaneous
|
31,300
|
-500
|
-600
|
-1.9%
|
-900
|
|
Total All Manufacturing
|
92,600
|
-600
|
-1,400
|
-1.5%
|
-3,200
|
 |
