- Highlights from the April 2011 California & Metro Forecast
- 229,000 new construction jobs are expected to be created over
the next four years, making up 17 percent of California's total
non-farm job growth and becoming the fastest growing sector in
2012. This growth, however, will only recover 60 percent of the
construction jobs lost since the peak in winter of 2006.
- 2010 brought the first annual increase in manufacturing jobs in
California in a decade. The trend of gradual manufacturing growth
is anticipated to continue in the future.
- The health services sector was the only private sector to
experience consistent job growth throughout the recession, adding
104,000 jobs between 2008 and 2010. It is expected to add another
128,000 jobs over the next four years, nearly 10 percent of
California's total non-farm job growth.
- Professional and scientific service jobs are projected to
increase by 37,900 (3.7 percent) over the next year after adding
15,000 jobs in 2010.
- State and local government employment, including public
schools, shrank by 57,000 jobs in 2010 and will shrink by another
41,000 in 2011.
- Multi-family housing starts are expected to rebound modestly in
2011, while starts of more economically significant single-family
homes remain in a depressed state. Housing starts should top
150,000 units per year by 2015, but include more multi-family
housing units than in recent decades.
— Source: University of the Pacific, Eberhardt School of
Posted: Wednesday, April 20, 2011 12:00 am
San Joaquin County is officially out of the Great Recession and
can now begin its trudge towards recovery. However, that road will
feature hurdles in the form of looming spending cuts from the state
government and rising gas prices.
"We've moved into the recovery stage, but we have to take it
easy with the happy talk," said Jeff Michael, director of the
Business Forecasting Center for University of the Pacific. "It will
take another four years to get back to the level of jobs we had in
2006 and 2007; so you are looking at nine years of no growth."
Wednesday, April 20, 2011 12:00 am.
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