June 2008 Monthly Analysis
> Payroll
MONTHLY COMPARISON
-- According to the California Employment Development Department’s monthly release, between April 2008 and May 2008, the total number of jobs in the East Bay increased by 1,100 to reach 1,040,100.
-
Leisure and hospitality increased by 900 jobs, although below its average 1,400-job increase from April to May over the prior 18 years. Food services and bars (up 500 jobs) accounted for most of the increase.
-
Government gained 800 jobs, a larger-than-average seasonal increase. Local and state public schools (up 600 jobs) accounted for the bulk of the increase.
-
Construction grew by 500 jobs, although below its average 1,100-job increase from April to May over the prior 18 years. Construction of buildings (up 300 jobs) accounted for the majority of the growth.
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On the downside, professional and business services lost 1,200 jobs, mostly due to a seasonal decrease in the other professional, scientific, and technical services (which includes accounting, tax preparation, and bookkeeping services). Employment services (down 500 jobs) also contributed to the month-over loss.
ANNUAL COMPARISON
-- Between May 2007 and May 2008, the total number of jobs decreased by 12,100 or -1.1 percent.
-
Financial activities lost 5,100 jobs, with banks, savings and loan institutions, and credit unions (down 3,000 jobs) accounting for most of the loss. -
Construction fell by 4,500 jobs, mostly in construction of buildings (down 2,100 jobs) and specialty trade contractors (down 1,900 jobs).
-
Trade, transportation, and utilities lost 3,500 jobs. Retail trade (down 2,200 jobs) accounted for the majority of the loss.
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On the upside, government led the year-over gains by netting 3,900 jobs. Local and state public schools (up 4,500 jobs) accounted for most of the growth, which was somewhat offset by state and federal job losses.ul>
|
|
May-08
|
1 Month Change
|
12 Month Change
|
12 Month % Change
|
24 Month % Change
|
|
Government
|
193,100
|
800
|
3,900
|
2.1%
|
5.2%
|
|
Educational and Health Services
|
126,700
|
300
|
1,400
|
1.1%
|
2.9%
|
|
Trans, Warehousing & Utilities
|
36,000
|
0
|
0
|
0.0%
|
4.0%
|
|
Other Services
|
36,300
|
100
|
0
|
0.0%
|
-0.5%
|
|
Professional and Business Services
|
154,300
|
-1,200
|
-200
|
-0.1%
|
0.1%
|
|
Wholesale Trade
|
47,700
|
200
|
-1,300
|
-2.7%
|
-2.5%
|
|
Information
|
28,500
|
-100
|
-1,300
|
-4.4%
|
-5.6%
|
|
Leisure and Hospitality
|
87,600
|
900
|
-1,400
|
-1.6%
|
2.1%
|
|
Manufacturing
|
92,300
|
-100
|
-1,500
|
-1.6%
|
-4.0%
|
|
Retail Trade
|
109,200
|
0
|
-2,200
|
-2.0%
|
-2.3%
|
|
Construction
|
67,200
|
500
|
-4,500
|
-6.3%
|
-8.4%
|
|
Financial Activities
|
58,100
|
-200
|
-5,100
|
-8.1%
|
-15.8%
|
|
Total, All Industries
|
1,040,100
|
1,100
|
-12,100
|
-1.1%
|
-0.9%
|
|
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 downturn continuing to affect the region and the nation at large. All but the specialty trade and highway, street and bridge construction sub-sectors saw losses in a comparison with May 2007.
|
|
May-08
|
1 Month Change
|
12
Month Change
|
12 Month % Change
|
24 Month Change
|
|
Residential Building Construction
|
10,900
|
200
|
-1,500
|
-12.1%
|
-19.9%
|
|
Nonresidential Building Construction
|
4,900
|
100
|
-600
|
-10.9%
|
-10.9%
|
|
Highway, Street, and Bridge Const
|
3,500
|
0
|
100
|
2.9%
|
-7.9%
|
|
Residual-Other Heavy and Civil Engineer
|
5,100
|
100
|
-600
|
-10.5%
|
-12.1%
|
|
Building Foundation and Exterior Contractors
|
9,000
|
-100
|
-1,500
|
-14.3%
|
-20.4%
|
|
Building Equipment Contractors
|
14,200
|
0
|
-1,000
|
-6.6%
|
1.4%
|
|
Other Specialty Trade Contract
|
19,600
|
200
|
600
|
3.2%
|
1.0%
|
|
Total Construction
|
67,200
|
500
|
-4,500
|
-6.3%
|
-8.4%
|
EAST BAY MANUFACTURING PAYROLL
EMPLOYMENT
The East Bay’s manufacturing sector showed an overall loss of 1,500 jobs when compared with May 2007, with most losses occurring in the food manufacturing sector.
|
|
May-08
|
1 Month Change
|
12
Month Change
|
12 Month % Change
|
24 Month Change
|
|
Chemical Manufacturing
|
7,400
|
0
|
200
|
2.8%
|
4.2%
|
|
Computer and Electronic Product
|
20,000
|
-100
|
100
|
0.5%
|
-7.0%
|
|
Petroleum and Coal Products
|
7,400
|
100
|
0
|
0.0%
|
10.4%
|
|
Transportation Equipment
|
7,500
|
0
|
-100
|
| |
