March 2008 Monthly Analysis
> Payroll
MONTHLY COMPARISON
-- According to the California Employment Development Department, the total number of jobs increased by 3,400 to reach 1,037,400 between January and February 2008.
-
Government increased by 2,200 jobs, with local public schools (up 1,500 jobs) and state schools (up 500 jobs) accounting for the bulk of the total, reflecting the seasonal upward trend that occurs at the end of winter break.
-
Private educational and health services increased by 1,800 jobs, with schools (up 1,500 jobs) accounting for most of the total, also indicative of the seasonal upward trend that occurs at the end of winter break.
-
Professional and business services rose by 900 jobs, while other services increased by 400 jobs.
-
Leisure and hospitality gained 300 jobs, below its average 800-job increase from January to February over the prior 18 years.
-
On the downside, the trade, transportation, and utilities industry fell by 2,300 jobs. With the normal extended period of layoffs from the winter holiday shopping season, retail trade (down 2,100 jobs) accounted for most of the total loss.
ANNUAL COMPARISON
-- Between February 2007 and February 2008, the total number of jobs decreased by 3,300 or 0.3 percent.
-
Financial activities lost 4,800 jobs, with banks, savings and loan institutions, and credit unions (down 3,000 jobs) accounting for most of the loss.
-
Manufacturing fell by 1,500 jobs, while construction lost 1,400 jobs, and trade, transportation, and utilities declined by 1,000 jobs.
-
On the upside, government led the year-over gains by adding 4,900 jobs, with local public schools (up 4,300 jobs) accounting for most of the growth.
-
Educational and health services increased by 1,000 jobs, mostly in health care and social assistance firms (up 800 jobs).
|
East
Bay Payroll by Sector
|
Feb-08
|
1
Month Change
|
12
Month Change
|
12
Month % Change
|
24
Month Change
|
|
Government
|
191,300
|
2,200
|
4,900
|
2.6%
|
11,200
|
|
Educational
and Health Services
|
125,800
|
1,800
|
1,000
|
0.8%
|
7,100
|
|
Other
Services
|
36,100
|
400
|
600
|
1.7%
|
1,200
|
|
Trans,
Warehousing & Utilities
|
36,200
|
0
|
500
|
1.4%
|
2,500
|
|
Leisure
and Hospitality
|
85,500
|
300
|
400
|
0.5%
|
4,000
|
|
Retail
Trade
|
110,800
|
-2,100
|
-700
|
-0.6%
|
-4,000
|
|
Professional
and Business Services
|
153,600
|
900
|
-700
|
-0.5%
|
3,000
|
|
Wholesale
Trade
|
48,000
|
-200
|
-800
|
-1.6%
|
-100
|
|
Information
|
28,900
|
200
|
-800
|
-2.7%
|
-1,100
|
|
Construction
|
67,400
|
100
|
-1,400
|
-2.0%
|
-1,800
|
|
Manufacturing
|
92,600
|
0
|
-1,500
|
-1.6%
|
-3,200
|
|
Financial
Activities
|
58,800
|
-200
|
-4,800
|
-7.5%
|
-10,200
|
|
Total
All Industries
|
1,037,400
|
3,400
|
-3,300
|
-0.3%
|
8,700
|
|
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. Overall, East Bay construction employment lost 1,400 jobs between February 2007 and February 2008.
|
East
Bay Construction Sector
|
Feb-08
|
1
Month Change
|
12
Month Change
|
12
Month % Change
|
24
Month Change
|
|
Other
Specialty Trade Contract
|
19,000
|
500
|
600
|
3.3%
|
1,300
|
|
Highway,
Street, and Bridge Const
|
3,500
|
0
|
500
|
16.7%
|
-100
|
|
Residual-Other
Heavy and Civil Engineer
|
5,300
|
200
|
100
|
1.9%
|
100
|
|
Building
Equipment Contractors
|
14,400
|
-200
|
-100
|
-0.7%
|
500
|
|
Nonresidential
Building Construction
|
5,000
|
0
|
-700
|
-12.3%
|
-200
|
|
Residential
Building Construction
|
11,200
|
0
|
-800
|
-6.7%
|
-2,000
|
|
Building
Foundation and Ext. Contract
|
9,000
|
-400
|
-1,000
|
-10.0%
|
-1,400
|
|
Total
Construction
|
67,400
|
100
|
-1,400
|
-2.0%
|
-1,800
|
EAST BAY MANUFACTURING PAYROLL
EMPLOYMENT
The East Bay’s manufacturing sector showed an overall loss of 600 jobs between January and February 2008. A year-over-year comparison showed an overall loss of 1,400 jobs when compared with February 2007.
|
East
Bay Manufacturing Sector
|
Feb-08
|
1
Month Change
|
12
Month Change
|
12
Month % Change
|
24
Month Change
|
|
Chemical
|
7,400
|
0
|
300
|
4.2%
|
300
|
|
Computer
and Electronic Product
|
20,100
|
100
|
0
|
0.0%
|
-1,300
|
|
Transportation
Equipment
|
7,600
|
0
|
0
|
0.0%
|
-200
|
|
Petroleum
and Coal Products
|
7,100
|
0
|
-300
|
-4.1%
|
500
|
|
Residual-Food
|
19,300
|
-400
|
-500
|
-2.5%
|
-1,400
|
|
Residual-Miscellaneous
|
31,300
|
-500
|
-600
|
-1.9%
|
-900
|
|
Total
Manufacturing
|
92,600
|
-600
|
-1,400
|
-1.5%
|
-3,200
|
 |
