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San Jose Metro Area Economic Trends

San Jose Metro Area Economic Trends . Janice Shriver Bay Area Region Labor Market Consultant CTE Conference September 27, 2012. Today’s Topics. Area in Brief Industry Trends Challenges & Opportunities Resources. www.labormarketinfo.edd.ca.gov. San Jose MSA in Brief. Unemployment Rate

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San Jose Metro Area Economic Trends

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  1. San Jose Metro AreaEconomic Trends Janice Shriver Bay Area Region Labor Market Consultant CTE Conference September 27, 2012

  2. Today’sTopics • Area in Brief • Industry Trends • Challenges & Opportunities • Resources

  3. www.labormarketinfo.edd.ca.gov

  4. San Jose MSA in Brief Unemployment Rate 8.7% July 2012 (P) • Population 1,872,301 (CA Department of Finance 1/1/2012 estimate, Table E-1) • About 908,300 jobs in the South Bay • Three largest industry sectors • Professional & Business Services (19.7%) • Manufacturing (17.9%) • Trade, Transportation, & Utilities (14.4%)

  5. AA Unemployment Rates 1990-2011Nation, State, & LocalNot Seasonally Adjusted

  6. Santa Clara CountyUnemployment Rates 2010 2011 2012 2011

  7. Industry Composition (Jobs)San Jose MSA - July 2012 (P)

  8. South bay trends • Involuntary part-time workers and underemployment statewide • New stadium construction • Residential/mixed-use projects back on track • Almaden Ranch Retail Center – up to 30 stores & 700 jobs • Continued tech expansion Sources: EDD & San Jose Mercury News

  9. Health Care Horizon • Affordable Care Act and affordable health care delivery • Primary and coordinated care emphasis • Focus on wellness & prevention, rather than illness • Chronic care for an aging population • Environmental (in-home) care and injury prevention • Integration of social services, pre-hospital • Avoid emergency room visits & hospital readmissions • Convergence of medicine and computational sciences creates opportunities for more startups. • Telemedicine and remote care Source: Santa Clara County Board of Supervisors, Special Meeting, Health Care Economic Summit

  10. Santa Clara County Nonfarm Industry Changes1992-2011

  11. More Nonfarm Industry Changes 2002 – 2011 SANTA CLARA COUNTY

  12. Selected Private Nonfarm Job Changes in San Jose MSA

  13. Challenges and opportunities • Demographics? • What do employers want? • How do we create a pipeline from school to college and careers? • Start early • Strengthen employer connections

  14. Demographic Snapshot http://quickfacts.census.gov & www.labormarketinfo.edd.ca.gov

  15. Selected Cities http://quickfacts.census.gov & www.labormarketinfo.edd.ca.gov

  16. Calworks Employment services Families • English is the primary language (73%) • Single-parent households account for 71% of these families, with a mom and two children. • Most are in their mid to late 20’s • 85% do not have a high school diploma Source: 2012 Santa Clara County Employment Services Annual Report

  17. Source: Bureau of Labor Statistics, Current Population Survey

  18. Help-Wanted Online

  19. Non-Tech HWOL Occupations • Registered Nurses • Mean hourly wage $57.27 • Executive Secretaries and Administrative Assistants • Mean hourly wage $30.27 • Retail Salespersons • Mean hourly wage $12.36 Sources: HWOL and Occupational Employment Statistics, 1st Quarter 2012 Wages

  20. More Job Openings due to Replacements Than Due to industry GrowthCalifornia 2010-2020 Industry Growth Replace-ments* * Due to retirements & permanent departures from the occupation.

  21. Most Openings Statewide 2010-2020 http://www.calmis.ca.gov/file/occproj/cal$occmost.xlsx

  22. Fastest Job Growth in CAlifornia 2010-2020 http://http://www.calmis.ca.gov/file/occproj/cal$occfastest.xlsx

  23. Researching a Career • What are my interests? • What knowledge, skills, and abilities do I have? • Do I have any experience – from school, life, or previous work? • Where can I find more information? • What can I do in the meantime?

  24. Career Information Page http://www.labormarketinfo.edd.ca.gov/Content.asp?pageid=3

  25. Occupational Guides

  26. What can I do now?

  27. Career Lattice Information

  28. Occupation Profile

  29. Staffing Patterns

  30. Search for Employers

  31. Specific Employer Details

  32. Find Employers

  33. Questions/Comments Janice Shriver (408) 558-0689 janice.shriver@edd.ca.gov

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