Category: Economy

California December Jobs Report

Published: Jan. 24, 2018
  • Unemployment Rate Improves to 4.3%; Total Employment Gains 38,600

The Labor Force data for December 2017 (seasonally adjusted; California preliminary) is shown below, along with the change from the prior month:

Seasonally Adjusted California US
Dec 2017 Change from Nov 2017 Dec 2017 Change from Nov 2017
Unemployment Rate 4.3% -0.3 4.1% 0.0
Labor Force 19,386,300 0.0% 160,597,000 0.0%
Participation Rate 62.4% -0.1 62.7% 0.0
Employment 18,547,600 0.2% 154,021,000 0.1%
Unemployment 838,700 -5.2% 6,576,000 -0.6%
Source: California Employment Development Department; US Bureau of Labor Statistics

The related not seasonally adjusted numbers (California preliminary), with the change from December 2016:

Not Seasonally Adjusted California US
Dec 2017 Change from Dec 2016 Dec 2017 Change from Dec 2016
Unemployment Rate 4.2% -0.8 3.9% -0.6
Labor Force 19,286,500 1.0% 159,880,000 0.6%
Participation Rate 62.1% 0.1 62.4% 0.0
Employment 18,481,900 1.9% 153,602,000 1.2%
Unemployment 804,600 -15.9% 6,278,000 -12.4%
Source: California Employment Development Department; US Bureau of Labor Statistics

California Employment Development Department’s (EDD) latest data shows on a seasonally adjusted basis, total employment was up 38,600 from November, while the number of unemployed dropped by 46,200. The labor force essentially stayed level with a drop of 7,600.

California’s seasonally adjusted unemployment rate improved to 4.3%, the lowest in the current data series that began in 1976. California had the 22nd highest unemployment rate among the states. The unadjusted rate from dropped from 5.0% in December 2016 to 4.2%.

Total US employment saw a seasonally adjusted gain of 104,000 from November, while the number of unemployed dropped by 40,000. The national unemployment rate was steady at 4.1%. The national labor force numbers rose by 64,000.

Labor Force Participation Rate Eases Down

California’s participation rate (seasonally adjusted) in December eased to 62.4%, while the US rate stayed at 62.7%.

State Employment Growth Rankings

Change in Employment, December 2016 – December 2017
Rank Number of Employed Percentage Change Population Adjusted
(employment growth per 1,000 civilian
noninstitutional population)
1 CA382,100 CO4.8% CO30.9
2 FL302,200 OR4.2% OR25.1
3 TX301,500 TN4.1% MN24.3
4 NY178,100 MN3.7% TN23.6
5 GA162,400 UT3.5% UT23.2
6 CO134,900 GA3.4% GA20.5
7 TN123,500 ID3.3% ID20.4
8 WA105,600 KY3.2% WI19.0
9 MN105,500 FL3.2% WA18.3
10 OH101,800 WA3.0% FL18.0
11 AZ92,100 AZ3.0% KY17.8
12 WI86,900 NV2.9% NV17.2
13 OR83,100 WI2.9% AZ17.0
14 NC63,500 TX2.4% TX14.3
15 KY61,700 LA2.3% LA12.5
16 VA57,500 AL2.2% CA12.4
17 UT51,500 AR2.1% OK12.1
18 MD50,600 CA2.1% AL11.8
19 MA45,500 OK2.1% AR11.8
20 AL45,300 NY2.0% NY11.2
21 LA45,100 OH1.9% OH11.1
22 MI40,200 MD1.7% MD10.7
23 NV39,900 NM1.6% DC9.9
24 OK36,400 ME1.5% ME9.4
25 SC27,700 DC1.5% VA8.8
26 AR27,400 VA1.4% NM8.4
27 IL27,200 NC1.4% MA8.2
28 ID26,200 RI1.3% RI8.2
29 KS16,700 MA1.3% NC8.0
30 NM13,500 SC1.3% KS7.5
31 IN13,400 KS1.2% SC7.1
32 CT10,400 DE0.9% DE5.3
33 ME10,300 MI0.9% MI5.1
34 RI7,000 SD0.6% SD4.2
35 DC5,600 CT0.6% CT3.6
36 DE4,000 VT0.5% VT3.3
37 NE4,000 IL0.4% NE2.7
38 IA3,200 IN0.4% IL2.7
39 SD2,800 NE0.4% IN2.6
40 WV2,500 WV0.3% WV1.7
US1,788,000 US1.2% US7.0
Source: US Bureau of Labor Statistics, Seasonally Adjusted

Between December 2016 and December 2017, Bureau of Labor Statistics (BLS) data shows the total number of employed in California increased by 382,100 (seasonally adjusted), or 21.4% of the total net employment gains in this period for the US. Based on the total numbers, California remained in 1st place ahead of Florida (which has a civilian working age population only 55% as large as California’s) at 302,200 and Texas (69% as large) at 301,500. Measured by percentage change in employment over the year, California improved to 18th highest. Adjusted for working age population, California rose to 16th.

Nonfarm Jobs Up 52,700

EDD reported that between November and December 2017, seasonally adjusted nonfarm wage and salary jobs grew 52,700. November’s gains were revised to 53,700 from the previously reported 47,400.

In the not seasonally adjusted nonfarm numbers overall, hiring saw increases in all but 4 industries over the year. The change in total payroll jobs from December 2016 saw the largest increases in Construction (60,000), Government (46,100), and Food Services (42,900). Declines included Manufacturing (-2,800), Retail Trade (-1,400), and Mining & Logging (-800).

Not Seasonally Adjusted Payroll Jobs Dec 2017 Nov 2017 Change Dec 2017 – Nov 2017 Change Dec 2017 – Dec 2016
Total Farm 364,900 402,800 -37,900 2,800
Mining and Logging 22,300 23,100 -800 -800
Construction 834,200 839,400 -5,200 60,000
Manufacturing 1,295,600 1,294,400 1,200 -2,800
Wholesale Trade 741,400 741,700 -300 8,400
Retail Trade 1,775,500 1,767,700 7,800 -1,400
Utilities 58,100 58,200 -100 -300
Transportation & Warehousing 567,700 559,300 8,400 14,200
Information 546,600 540,800 5,800 21,700
Finance & Insurance 557,100 550,700 6,400 5,900
Real Estate & Rental & Leasing 288,300 286,900 1,400 4,700
Professional, Scientific & Technical Services 1,238,800 1,238,200 600 4,200
Management of Companies & Enterprises 233,500 231,900 1,600 5,300
Administrative & Support & Waste Services 1,114,100 1,109,800 4,300 17,200
Educational Services 384,000 389,300 -5,300 16,500
Health Care 1,508,600 1,500,100 8,500 26,700
Social Assistance 776,000 775,100 900 40,500
Arts, Entertainment & Recreation 316,500 307,900 8,600 15,000
Accommodation 224,800 225,700 -900 2,500
Food Services 1,433,800 1,428,900 4,900 42,900
Other Services 579,500 582,900 -3,400 18,200
Government 2,611,800 2,621,800 -10,000 46,100
Total Nonfarm 17,108,200 17,073,800 34,400 344,700
Total Wage and Salary 17,473,100 17,476,600 -3,500 347,500
Source: California Employment Development Department

At 342,500, California showed the highest increase in seasonally adjusted nonfarm jobs among the states from December 2016 to December 2017, ahead of Texas at 306,900. By percentage growth in jobs, California rose to 9th highest at 2.1%, above the US average of 1.4%. By population adjusted jobs growth, California rose to 13th highest.

Change in Nonfarm Jobs (seasonally adjusted), December 2016 – December 2017
Rank Number of Jobs Employment Growth (%) Population Adjusted
(job growth per 1,000 civilian
noninstitutional population)
1 CA342,500 NV3.3% NV18.9
2 TX306,900 OR2.7% UT17.0
3 FL213,500 UT2.6% OR14.9
4 NY98,300 TX2.5% TX14.6
5 GA83,200 FL2.5% DC14.2
6 PA78,400 SC2.2% FL12.7
7 NC75,000 WA2.1% CO12.2
8 WA68,500 ID2.1% SC11.9
9 MA63,000 CA2.1% WA11.9
10 MI57,100 CO2.0% IA11.5
11 CO53,200 GA1.9% ID11.4
12 OR49,300 IA1.8% MA11.4
13 SC46,500 MT1.8% CA11.1
14 NV43,800 MA1.8% GA10.5
15 WI40,200 AL1.7% MT10.0
16 OH38,500 NC1.7% NC9.4
17 UT37,900 MS1.6% AL8.9
18 MN37,300 WI1.4% WI8.8
19 AZ35,000 PA1.3% MN8.6
20 AL34,100 MI1.3% MS7.8
21 MD31,400 AZ1.3% PA7.7
22 VA30,200 MN1.3% NE7.5
23 IL29,600 NM1.2% MI7.2
24 TN28,700 OK1.2% RI7.0
25 IA28,300 RI1.2% OK6.8
26 IN27,600 MD1.1% MD6.6
27 NJ22,900 HI1.1% HI6.6
28 MO22,800 KY1.1% AZ6.5
29 KY21,200 NE1.1% NM6.5
30 OK20,400 NY1.0% NY6.2
31 MS17,800 DC1.0% KY6.1
32 ID14,700 TN1.0% SD6.1
33 AR11,300 SD0.9% TN5.5
US2,055,000 US1.4% US8.1
Source: US Bureau of Labor Statistics

Six Industries Below 2007 Pre-Recession Job Levels

Source: California Employment Development Department, not seasonally adjusted; wages are running 4 quarter average from QCEW wage data

Comparing the number of jobs by industry in December 2017 (not seasonally adjusted), six industries had employment below the 2007 pre-recession levels. The highest gain industries were led by lower wage Food Services, Health Care (with a relatively higher mix of lower and higher wage occupations), lower wage Social Assistance, and higher wage Professional, Scientific & Technical Services. Of the lagging industries, three—Manufacturing, Mining & Logging, and Construction—are blue collar middle class wage industries, while the higher wage Finance & Insurance also remained in the minus column. Construction losses, however, have begun to contract.

Job Gains by Wage Level

The following chart illustrates the trend for total wage and salary jobs by general wage level, according to the industry wage classification used previously in other Center analyses of this issue. As indicated, about one-third of net jobs growth since the recession has been in the low wage industries, while the stronger showing for Construction shows stronger gains in this period for blue collar middle class jobs. Construction, however, was stronger primarily due to dry conditions in December 2017 compared to near normal precipitation levels in December 2007.

Source: Analysis of California Employment Development Department data, not seasonally adjusted

Two-Tier Economy Persists—Central Valley Unemployment More than Twice as High as Bay Area

While unemployment rates have improved in the interior counties as a result of seasonal employment, the level of unemployment rates (all data is not seasonally adjusted) continues to vary widely across the state, ranging from 2.8% in the Bay Area to more than twice as large at 8.1% in the Central Valley.

Not Seasonally Adjusted Unemployment Rate (%) December 2017
California 4.2
Bay Area 2.8
Orange County 2.8
Sacramento 3.8
San Diego/Imperial 3.9
Inland Empire 4.1
Los Angeles 4.2
Central Sierra 4.4
Upstate California 5.9
Central Coast 6.5
Central Valley 8.1

By Legislative District:

Lowest 10 Unemployment Rates
CD18 (Eshoo-D) 2.2 SD13 (Hill-D) 2.0 AD22 (Mullin-D) 1.9
CD12 (Pelosi-D) 2.2 SD11 (Wiener-D) 2.4 AD16 (Baker-R) 2.0
CD52 (Peters-D) 2.4 SD39 (Atkins-D) 2.5 AD24 (Berman-D) 2.1
CD14 (Speier-D) 2.4 SD36 (Bates-R) 2.5 AD28 (Low-D) 2.2
CD45 (Walters-R) 2.5 SD37 (Moorlach-R) 2.6 AD17 (Chiu-D) 2.4
CD17 (Khanna-D) 2.5 SD10 (Wieckowski-D) 2.7 AD77 (Maienschein-R) 2.4
CD49 (Issa-R) 2.5 SD07 (Glazer-D) 2.8 AD73 (Brough-R) 2.4
CD15 (Swalwell-D) 2.6 SD15 (Beall-D) 2.8 AD78 (Gloria-D) 2.4
CD48 (Rohrabacher-R) 2.7 SD34 (Nguyen-R) 3.1 AD19 (Ting-D) 2.5
CD02 (Huffman-D) 3.0 SD26 (Allen-D) 3.2 AD25 (Chu-D) 2.5
Highest 10 Unemployment Rates
CD03 (Garamendi-D) 5.4 SD30 (Mitchell-D) 4.9 AD03 (Gallagher-R) 6.4
CD44 (Barragán-D) 5.8 SD17 (Monning-D) 5.0 AD34 (Fong-R) 6.7
CD09 (McNerney-D) 6.0 SD04 (Nielsen-R) 5.1 AD30 (Caballero-D) 6.8
CD10 (Denham-R) 6.3 SD35 (Bradford-D) 5.2 AD23 (Patterson-R) 7.0
CD23 (McCarthy-R) 7.3 SD05 (Galgiani-D) 6.4 AD13 (Eggman-D) 7.2
CD20 (Panetta-D) 7.7 SD08 (Berryhill-R) 6.4 AD21 (Gray-D) 8.9
CD22 (Nunes-R) 7.9 SD40 (Hueso-D) 7.1 AD56 (Garcia-D) 9.5
CD51 (Vargas-D) 8.3 SD16 (Fuller-R) 7.2 AD31 (Arambula-D) 9.6
CD16 (Costa-D) 9.2 SD12 (Cannella-R) 8.6 AD26 (Mathis-R) 9.8
CD21 (Valadao-R) 10.1 SD14 (Vidak-R) 11.0 AD32 (Salas-D) 10.4

Bay Area Provided 40% of Net Employment Growth Since Recession

Containing 19.4% of the state’s population, the Bay Area was responsible for 40.1% of the net growth in employment since the pre-recession peaks in 2007. Inland Empire provided the next largest share at 19.5%, but Los Angeles Region, containing 29.2% of the population, accounted for third at 19.0%. Inland Empire is the only other region continuing to show employment gains above their population share.

Seven California MSAs in the 10 Worst Unemployment Rates Nationally

According to BLS data, of the 10 Metropolitan Statistical Areas (MSAs) with the worst unemployment rates nationally, 7 are in California. Of the 20 worst, 9 are in California.

Rank Metropolitan Area November 2017 Rate
367 Stockton-Lodi, CA Metropolitan Statistical Area 6.2
370 Anchorage, AK Metropolitan Statistical Area 6.3
370 Fairbanks, AK Metropolitan Statistical Area 6.3
370 Las Cruces, NM Metropolitan Statistical Area 6.3
373 Farmington, NM Metropolitan Statistical Area 6.4
374 Beaumont-Port Arthur, TX Metropolitan Statistical Area 6.5
374 Rocky Mount, NC Metropolitan Statistical Area 6.5
376 Watertown-Fort Drum, NY Metropolitan Statistical Area 6.8
377 Madera, CA Metropolitan Statistical Area 7.0
378 Vineland-Bridgeton, NJ Metropolitan Statistical Area 7.1
378 Yuba City, CA Metropolitan Statistical Area 7.1
380 Atlantic City-Hammonton, NJ Metropolitan Statistical Area 7.3
381 Bakersfield, CA Metropolitan Statistical Area 7.4
382 Hanford-Corcoran, CA Metropolitan Statistical Area 7.5
383 Fresno, CA Metropolitan Statistical Area 7.6
384 Merced, CA Metropolitan Statistical Area 7.8
385 Visalia-Porterville, CA Metropolitan Statistical Area 8.9
386 Ocean City, NJ Metropolitan Statistical Area 12.1
387 Yuma, AZ Metropolitan Statistical Area 15.6
388 El Centro, CA Metropolitan Statistical Area 19.8

Next Updates

The agencies are going through their annual revisions to the labor force and jobs series. No releases are scheduled for February, with the January data set for release on March 2 (California) and March 12 (other states), and the February data on March 23 (California and other states). Revised labor force and industry employment and hours and earnings data will also be issued for prior years.

Note: All data sources, methodologies, and historical data series available at CenterforJobs.org.

http://centerforjobs.org/job-reports/december-2017/

Personal income seeing growth throughout Central Valley, State

December 18, 2017

By NORA HESTON TARTE
Business Journal Writer

Are Central Valley households earning more?

According to the U.S. Bureau of Economic Analysis, personal income experienced growth in 2016 in San Joaquin, Stanislaus and Merced counties.

San Joaquin led the charge, coming in above state and national averages at 5 percent personal income growth from 2015 to 2016. Stanislaus County and Merced County came in at 3.6 and 2.1 percent, respectively.

California counties enjoyed an average of 3.7 percent gains in personal income in 2016 and nationwide averages were 2.3 percent.

Personal income refers to all money made by people in the U.S., including total earnings from wages, investment enterprises and other ventures.

These numbers are part of a nationwide trend the BEA reported has continued in 2017, with personal income in the U.S. growing $65.1 billion, or 0.4 percent, in October.

In the second quarter of 2017, California personal incomes grew 0.7 percent on average after increasing 1.4 percent in the first quarter, according to estimates released by the Bureau of Economic Analysis.

While the numbers indicate growth, percentages are down from the previous two years in all three counties, following state and national trends.

Data for 2017 by county will not be released until November 2018.

 

https://cvbj.biz/2017/12/18/personal-income-seeing-growth-throughout-central-valley-state/

California passes Florida in citrus production

• Florida’s industry devastated by disease

• Florida produced twice as much citrus as California as
recently as 2012

For the first time in 70 years, California has surpassed Florida
in citrus production, according to the University of California,
Davis.
Florida groves have been decimated by a disease called
huanglongbing (HLB), or citrus greening disease, that threatens
citrus production in California, too.
“HLB is not just bad for farmers and the economy,” says Carolyn
Slupsky, a biochemist and nutritionist with the University of
California, Davis. “The loss of fresh oranges and other citrus is
a real possibility and that would seriously impact our health.”
Ms. Slupsky and other UC Davis experts are working with
farmers and fellow scientists to develop early detection
methods, boost tree immunity and find a cure for the
devastating disease.
California farmers sold nearly 4 million tons of citrus in the
2016-2017 marketing season, compared to 3.5 million tons from
Florida, according to the U.S. Department of Agriculture. Florida
produced twice as much citrus as California as recently as the
2011-2012 season.
Florida didn’t lose its top spot because the Golden State is
producing more citrus. In fact, California farmers produced 14
percent fewer fresh oranges this season.
Citrus greening disease is caused by a bacterium that is spread
by the Asian citrus psyllid, a tiny insect that feeds on the leaves
and stems of citrus trees. A tree infected with HLB can live for
years without symptoms, allowing the pathogen to spread
undetected to other trees. Symptoms emerge over time as a
tree’s fruit starts to turn green and misshapen with a bitter,
metallic taste.
HLB is a global threat. Beyond Florida, the disease has
destroyed groves in Asia, Brazil and the Dominican Republic.
The disease has been spotted in about 250 backyard trees in
Southern California, but so far California’s commercial orchards
— many of which are in the Central Valley — have been spared.
Researchers are hard at work to keep it that way. An
international team of scientists led by UC Davis chemical
ecology expert Walter Leal recently identified the molecule that
attracts the Asian citrus psyllid, which may help researchers
develop a less toxic way to trap the insect to slow the disease’s
spread.
Ms. Slupsky is taking a different tack. She and her team are
using nuclear magnetic resonance technology to study how the
pathogen affects the metabolism of the tree. Her research
shines a light on HLB’s mode of attack.
“The pathogen seems to cause havoc with a tree’s ability to
defend itself from infection,” Ms. Slupsky says. “That’s a
spectacular discovery, because when we understand the
mechanisms behind the attack we have a chance at blocking
them and boosting a tree’s natural immunity.”
Working with Kris Godfrey, an associate project scientist at the
UC Davis Contained Research Facility, and Michelle Heck at
Cornell University, Ms. Slupsky found differences in the
chemical fingerprint of leaves starting very early in the infection
process. With further research, she believes that she can
develop a chemical profile to provide a reliable, rapid and early
indicator of the presence of infection.
“Early detection is key,” Ms. Slupsky says. “If we can catch the
disease early in the infection and get rid of the infected trees,
we can hopefully slow down the spread of HLB enough to give
scientists time to find a cure.”
Breeders are working to develop HLB-resistant rootstock, which
is one of the most promising avenues to a cure. Researchers
are also looking at whether they can transform the psyllid to
prevent its ability to spread HLB. UC Davis plant pathologist
Bryce Falk is leading a search to find and engineer viruses that
can induce traits in the insect that prevent it from transmitting
the bacterium.
Breeding rootstock and engineering viruses takes time. In the
meantime, backyard citrus growers can help keep HLB at bay
by monitoring their trees for signs of psyllids or infection and
removing trees that are infected or near infected trees.
Ms. Slupsky says that together, farmers, gardeners and science
can help save citrus and the nourishment it provides.
“From a nutritional standpoint, it’s hard to beat fresh citrus,” she
says. “Oranges provide energy, fiber and a wide variety of
nutrients, vitamins and minerals. They’re one of the most
consumed fruits in the United States. I can’t imagine life without
fresh citrus.”

http://files.constantcontact.com/2cb20f61601/ef5510b4-9300-43a9-a028-80a931c7b1f6.pdf

Hotels set sights on Clovis

A handful of Clovis hotels are in the works, like this one next to The Barnyard Shopping Center on Clovis Avenue, to help the city better accommodate visitors. (Ron Sundquist/Clovis Roundup)

“You can’t find a room in Clovis”—that’s the current dilemma in the up-and-coming destination city according to Shawn Miller, the city’s business development manager.

As it stands, Clovis has the highest occupancy rate in the Valley, with its scare hotel rooms booked at or near 100 percent, making it difficult for visitors to find a place to stay close to Clovis attractions and amenities.

Thankfully, hotel chains are taking notice and are now capitalizing on the opportunity to come to Clovis.

At least five new large-scale hotels are in the works. Already under construction are a La Quinta Inn at Clovis Avenue next to The Barnyard Shopping Center and a Marriott-operated hotel at Shaw and Helm. Additionally, the Clovis City Council just approved moving forward with the construction of a third hotel across from Sierra Vista Mall. Already, the area boasts a Hampton Inn and Homewood Suites, and now will be welcoming Home2 Suites, run by Hilton.

Lily Cha, who works in the city’s planning department, said the Home2 Suites will be a four-story, 111-room hotel with a footprint of about 16,000 square feet and a total floor area of 66,234 square feet. The hotel will also allow for extended stays.

According to Miller, a fourth hotel yet to be announced is planning to locate on the south side of Shaw Avenue next to Sunnyside, east of Sierra Vista Mall, and several are currently exploring sites near Clovis Community Medical Center and in the Herndon and Clovis area. The hope is that there will be at least one hotel, if not more, that offer extended stay options near the hospital.

Hotels set sights on Clovis

$30 million, 115-home development set for Tulare

TULARE
November 30, 2017 6:36am

 

•  Entry-level community expected to open for sale in Spring 2018

•  Latest development by San Joaquin Valley Homes and Presidio Residential Capital

A new residential community called “Brighton” with 115 detached single-family homes more than 72 acres in Tulare is to be built by San Joaquin Valley Homes and Presidio Residential Capital.

Construction on model homes is scheduled to begin in January 2018, and the neighborhood is expected to be open for sale next spring. The retail value of the project is estimated by the developers to exceed $30 million.

“Brighton is ideally located for families and professionals with easy access to employment and entertainment opportunities in the Central Valley,” says Danny Garcia, vice president of sales at SJV Homes.

The development will feature entry-level homes with five floor plans ranging from 1,574 to 2,314 square feet and a move-up line ranging from 2,000 to 2,831 square feet on lots averaging 7,226 square feet. It will include a community park and a pond.

Founded in 2013 by Joe Leal, Jim Robinson and Randy Merrill, SJV Homes sold its 1,000th home in September. Brighton is SJV Homes’ 16th joint venture project with Presidio Residential Capital, a San Diego-based real estate investment company that funds 100 percent of the projects and operations of SJV Homes.

According to the National Association of Home Builders’ formula to determine the local impact of single-family housing in typical metro areas, adding 115 single-family homes will generate $33 million in local income, $9 million in taxes and other revenue for local governments and 453 local jobs, says SJV Homes.

http://www.centralvalleybusinesstimes.com/stories/001/?ID=33722

Stanislaus State releases business forecast for SJ Valley

November 29, 2017

 

California State University, Stanislaus has published its San Joaquin Valley Business Forecast Report. The report, now in its eighth year, highlights the economy of the valley from San Joaquin County down to Kern County.

Highlights of the report, which can be downloaded in its entirety from csustan.edu/sjvbfr, include reviews of employment, the housing market, inflation and banking.

Professor Gökçe Soydemir of Business Economics at Stan State focused on employment, writing that it continues to slow significantly, which shows signs of a plateau.

The growth rate for employment in 2017 was only 0.52 percent, according to Soydemir. If there continues to be a drop in the growth in the coming year, that could mean a decline in total employment since the recession almost 10 years ago.

Much of the outcome will depend entirely on politics and the possible tax reform.

The reports that Stanislaus County had a 1.94 percent employment growth rate, while Madera County had 1.15 percent growth, Fresno County had 0.93 percent growth, San Joaquin County had 0.38 percent growth. Merced County’s employment grew by 0.51 percent for the year and Tulare County grew by 0.64 percent.

Employment declined in Kern and Kings counties by 0.60 and 1.19 percent, respectively.

The report shows construction being the biggest industry with employment increases, due to the resurgence of housing and commercial development throughout the valley.

Average home prices throughout the Central Valley grew by 7.82 percent during 2017, however, the report states that rate of growth should slow over the course of the next few months.

 

Stanislaus State releases business forecast for SJ Valley

California sees nation’s third-best economic growth in 2017

LOS ANGELES
November 27, 2017 5:01am

•  GoBankingRates examines unemployment rate, income growth and GDP growth

•  And the No. 1 is… Really?

California has the nation’s third-best economic growth this year among the 50 states, according to a new analysis by the personal financial website GoBankingRates.com, which is based in Los Angeles.In California, the information industry easily outpaced all other industries, contributing 0.71 percentage points to California’s GDP. The finance, insurance, real estate, rental and leasing industry contributed only 0.34 percentage points.

West Virginia saw the most economic growth of any U.S. state in 2017, the study says.

Nevada ranks No. 2 in the country, with the second-highest GDP growth rate and the third-biggest drop in unemployment. The state falls short when it comes to personal income growth, with only a 2.39 percent increase.

To identify areas with the strongest economies, GOBankingRates analyzed GDP growth, personal income growth and percent decrease in overall unemployment rate. States were given a score based on their performance in each category. The scores were added up to determine the states with the strongest economies moving into 2018.

Top Five States with the Strongest Economies in 2017
1. West Virginia

GDP growth: 6.84 percent

Personal income increase: 2.75 percent

Unemployment rate decrease: 1.3 percentage points

2. Nevada

GDP growth: 6.38 percent

Personal income increase: 2.39 percent

Unemployment rate decrease: 1.2 percentage points

3. California

GDP growth: 4.9 percent

Personal income increase: 3.4 percent

Unemployment rate decrease: 0.7 percentage points

4. Pennsylvania

GDP growth: 5.34 percent

Personal income increase: 3.14 percent

Unemployment rate decrease: 0.6 percentage points

5. Indiana

GDP growth: 3.55 percent

Personal income increase: 3.9 percent

Unemployment rate decrease: 0.8 percentage points

Kentucky ranked No. 16 on the list of strongest economies due to high GDP growth. However, the state has low personal income growth and saw an unemployment decrease of only 0.1 percent.

Indiana saw the highest boost in personal income of any state at nearly 4 percent. The state as a whole ranks No. 5 on the list.

Drilldown

 

Naval Air Station Lemoore gets first F-35c Fighter Jets

January 27

 

 

Four Navy F-35C Lightening II fighters arrived at Naval Air Station LeMoore, California on Jan. 25 in what naval aviation officials are calling a huge step in the evolution of Lemoore as the Navy’s first Joint Strike Fighter Base.

It’s a major step in the Navy’s journey to get the Joint Strike Fighter into carrier air wings, currently slated to happen in February 2019.

This is the first delivery of the aircraft carrier variant JSF stealth fighter not only to the base, but to the “Rough Raiders” of Strike Fighter Squadron 125. The squadron was reactivated at Lemoore on Jan. 12 to be the West Coast JSF fleet replacement squadron.

LEMOORE, Calif. (Jan. 25, 2017) Vice Adm. Mike Shoemaker, commander of Naval Air Forces, speaking at the arrival of the first four JSF F-35C fighters at NAS Lemoore called the JSF “game-changing technology for naval carrier air wings.

Photo Credit: MC3 Zachary Eshleman/Navy

“This is truly game changing technology and, no kidding, what it takes to win the future high end fight,” Shoemaker said.

Still, naval aviation officials say the airframe is a critical cog in the Navy’s air wing of the future. The Navy is transitioning to include the Boeing F/A-18E/F Super Hornet fighters and their sister aircraft, the EA-18G Growlers electronic attack aircraft.

The high-tech wing is rounded out by the Northrop Grumman E-2D Hawkeye multi-mission surveillance aircraft and Sikorsky MH-60R/S Seahawk helicopters and then next generation of the Carrier Onboard Delivery aircraft, now expected to be a variant of the Boeing V-22 Osprey.

“The initial plan is for VFA-125 and the first 7 operational F-35C squadrons to be based out of NAS Lemoore,” said Cmdr. Jeannie Groeneveld, spokeswoman for Naval Air Forces in San Diego.

The original plan had the Navy’s first JSF unit — the “Grim Reapers” of Strike Fighter Squadron 101, currently based at Eglin Air Force Base in the Florida Panhandle, to move to Lemoore this month.

Instead, the Navy opted to stand up VFA-125 at Lemoore as a separate West Coast squadron instead. Groeneveld told Navy Times that no decision has been made on any future JSF home bases, including on the East Coast.

For now, VFA-101 will stay in Eglin and also train pilots and enlisted maintainers as the service begins to transition squadrons into the new stealth jet.

“There is no plan in the foreseeable future for VFA-101 to be stood down,” Groeneveld said. “The requirement is for two FRS while we are transitioning squadrons. Both will be capable of instructing the same syllabus to include new accession pilots and transitioning aircrew.”

Navy’s leadership considers Lemoore an ideal place to train pilots and aircrews. There’s easy access to training ranges in Nevada and it’s a short hop out to carriers operating off the West Coast from San Diego as well as Washington State.

“We enjoy basically unencroached airspace in Lemoore to practice here as we do at sea,” said Capt. David James, commanding officer of NAS Lemoore.

Lemoore, is expected to add more personnel and F-35C squadrons over the coming years. In the past year, the service relocated the “Knighthawks” of Strike Fighter Squadron 136 from Naval Air Station, Oceana in Virginia to the base.

141104-N-ZZ999-012 PACIFIC OCEAN (Nov. 4, 2014) Two F-35C Lightning II carrier variant joint strike fighters conduct the first catapult launches aboard the aircraft carrier USS Nimitz (CVN 68). The F-35 Lightning II Pax River Integrated Test Force from Air Test and Evaluation Squadron (VX) 23 is conducting initial at-sea trials aboard Nimitz. (U.S. Navy photo courtesy of Lockheed Martin by Dane Wiedmann/Released)
141104-N-ZZ999-012 PACIFIC OCEAN (Nov. 4, 2014) Two F-35C Lightning II carrier variant joint strike fighters conduct the first catapult launches aboard the aircraft carrier USS Nimitz (CVN 68). The F-35 Lightning II Pax River Integrated Test Force from Air Test and Evaluation Squadron (VX) 23 is conducting initial at-sea trials aboard Nimitz. (U.S. Navy photo courtesy of Lockheed Martin by Dane Wiedmann/Released)

Two F-35C Lightning II stealth fighters set up for the catapult launchers as part of the aircraft’s first sea trials aboard the aircraft carrier Nimitz.

Photo Credit: Dane Wiedmann, Navy

 

FRESNO STATE RECEIVED A LARGE DONATION TO EXPAND THE ENGINEERING DEPARTMENT

FRESNO, Calif. – Fresno State is getting a huge jolt to its engineering program. Monday the school received a 450-thousand dollar donation to help expand the department.

Thanks to a new partnership with Chevron, Fresno State will continue to grow as a leader in stem education
“We have a very strong engineering ag and science and math program — all three coming together so it will elevate the program…make us stronger for all of our students,” said Fresno State President, Dr. Joseph Castro.

Monday representatives from Chevron presented Dr. Joseph Castro and the university a check for $450-thousand dollars. The donation will allow Fresno State to expand its engineering programs and to develop a process and control automation academy at the university. All students who complete the program will receive a special certificate.

“The funding we receive from Chevron will help us to develop materials and purchase equipment and mount this new certificate program that will enable our students to be more successful in preparing for jobs in the manufacturing industry,” said Dr. Castro.

Students say this donation will enable engineering majors the opportunity to advance their skill set and be better prepared for life after graduation.

Engineering major, Elias Karan said, “You’re not only learning theory in the classroom…you’re actually doing some hands-on practical work and that’s a great resume builder it’s going to make our students and our graduates much more competitive especially in the valley.”

Part of the money will also go to Fresno States College of Science and Mathematics Physics outreach program — where engineering majors visit valley schools and educate potential future students.

“We serve largely the valley students so it’s going to strengthen the valley because these students will get out there and become part of the next generation of leaders,” said Dr. Castro.

Merced County inks deal to (maybe) bring in thousands of jobs.

OCTOBER 24, 2017 6:45 PM