May 2008 Monthly Analysis
> Payroll
MONTHLY COMPARISON
-- According to the California Employment Development Department’s monthly release, between March 2008 and April 2008, the
total number of jobs in the East Bay decreased by 1,500 to reach 1,038,000.
-
The major industry with the largest deviation from its usual seasonal pattern was construction; its jobs held stable,
although far below its average 800-job increase from
March to April over the prior 18 years.
-
Manufacturing decreased by 700 jobs, a larger-than-average seasonal decrease,
with durable goods (down 500 jobs) accounting for the bulk of the loss.
-
Trade, transportation, and utilities netted a decline of 700 jobs, a typical decrease from March to April, with
department and other retail stores reducing payrolls by 900 jobs.
-
Financial activities lost 600 jobs, a larger-than-average seasonal decrease.
-
On the upside, professional and business services gained 600 jobs, a larger-than average seasonal increase.
Employment services (up 500 jobs) accounted for most of the gain.
ANNUAL COMPARISON
-- Between April 2007 and April 2008, the total number of jobs in the East Bay decreased by 5,800 or -0.6 percent.
-
Financial activities lost 4,900 jobs, with banks, savings and loan institutions, and credit unions (down 2,900 jobs)
accounting for most of the loss.
-
Construction fell by 3,800 jobs, mostly in construction of buildings (down 2,300 jobs) and specialty trade
contractors (down 1,100 jobs).
-
Trade, transportation, and utilities lost 2,200 jobs. Retail trade (down 1,600 jobs) accounted for the majority of
the loss.
-
On the upside, government led the year-over gains by netting 4,800 jobs. Local and state public schools (up 4,900
jobs) accounted for most of the growth, although somewhat offset by losses in other levels of government.
|
|
Apr-08
|
1 Month Change
|
12
Month Change
|
12 Month % Change
|
24 Month Change
|
|
Government
|
191,700
|
-200
|
4,800
|
2.6%
|
8,900
|
|
Educational and Health
Services
|
126,400
|
-300
|
1,800
|
1.4%
|
4,000
|
|
Professional and Business
Services
|
155,000
|
600
|
700
|
0.5%
|
1,700
|
|
Trans, Warehousing &
Utilities
|
36,200
|
200
|
400
|
1.1%
|
2,100
|
|
Other Services
|
36,200
|
0
|
300
|
0.8%
|
300
|
|
Leisure and Hospitality
|
86,800
|
100
|
-200
|
-0.2%
|
2,300
|
|
Information
|
28,600
|
0
|
-900
|
-3.1%
|
-1,700
|
|
Wholesale Trade
|
47,600
|
0
|
-1,000
|
-2.1%
|
-1,000
|
|
Manufacturing
|
92,100
|
-700
|
-1,500
|
-1.6%
|
-3,900
|
|
Retail Trade
|
109,300
|
-900
|
-1,600
|
-1.4%
|
-2,000
|
|
Construction
|
66,800
|
0
|
-3,800
|
-5.4%
|
-2,100
|
|
Financial Activities
|
58,100
|
-600
|
-4,900
|
-7.8%
|
-10,800
|
|
Total All Industries
|
1,038,000
|
-1,500
|
-5,800
|
-0.6%
|
-1,600
|
|
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 continuing to plague the nation at large. All but the specialty trade and highway, street and
bridge construction sectors saw losses in a comparison with April 2007.
|
East Bay Construction Employment
|
Apr-08
|
1 Month Change
|
12 Month Change
|
12 Month % Change
|
24 Month Change
|
|
Other Specialty Trade Contract
|
19,400
|
200
|
700
|
3.7%
|
1,300
|
|
Highway, Street, and Bridge Const
|
3,500
|
100
|
200
|
6.1%
|
300
|
|
Residual-Other Heavy and Civil Engineer
|
5,100
|
0
|
-600
|
-10.5%
|
100
|
|
Building Equipment Contractors
|
14,300
|
100
|
-600
|
-4.0%
|
500
|
|
Nonresidential Building Construction
|
4,700
|
-200
|
-700
|
-13.0%
|
-500
|
|
Building Foundation and Exterior Contractors
|
9,100
|
0
|
-1,200
|
-11.7%
|
-1,300
|
|
Residential Building Construction
|
10,700
|
-200
|
-1,600
|
-13.0%
|
-2,500
|
|
Total
Construction
|
66,800
|
0
|
-3,800
|
-5.4%
|
-2,100
|
EAST BAY MANUFACTURING PAYROLL
EMPLOYMENT
The East Bay’s manufacturing sector showed an overall loss of 1,500 jobs when compared with April 2007, with most
losses occurring in the food manufacturing sector.
|
East Bay Manufacturing Employment
|
Apr-08
|
1 Month Change
|
12 Month Change
|
12 Month % Change
|
24 Month Change
|
|
Chemical
|
7,400
|
0
|
200
|
2.8%
|
300
|
|
Computer and Electronic Product
|
20,000
|
-100
|
100
|
0.5%
|
-1,500
|
|
Transportation Equipment
|
7,500
|
-100
|
0
|
0.0%
|
-200
|
|
Petroleum and Coal Products
|
7,200
|
0
|
-200
|
-2.7%
|
600
|
|
Residual-Miscellaneous
|
31,000
|
-300
|
-600
|
-1.9%
|
-1,300
|
|
Residual-Food
|
19,000
|
-200
|
-1,000
|
-5.0%
|
-1,800
|
|
Total Manufacturing
|
92,100
|
-700
|
-1,500
|
-1.6%
|
-3,900
|
 |
