LAEDC’s Institute for Applied Economics has released the report, Goods on the Move: Trade and Logistics in Southern California. The report looks at jobs, wages, economic impact, trends, and factors affecting the future of this major regional industry cluster, which directly employs over half a million people in Southern California. The industry continues to grow, with more jobs being added. While average wages for the industry as a whole are above the LA County average, the individual occupations span a wide range of salaries. Warehousing experienced a 55% increase in employment during the past ten years, but salaries in that sector have been trending down, and increasing automation is a factor to watch.
It has become increasingly clear that economically, California is becoming increasingly divided between its prosperous coastal counties and its struggling inland counties. That split has made it important for the state’s leaders to recognize that policies that appear to make sense to those representing the state’s successful areas may be generating unintended negative consequences to the parts of the state outside of their frame of reference.
Each year, growth in the Inland Empire labor market edges up, as the region continues its slow, steady march out of the Great Recession. As of August 2013, total nonfarm employment in the Inland Empire stood at 1.2 million, which is 9% below the region’s peak employment level set in July of 2007. Since August 2012, the region has added back 6,900 nonfarm payroll jobs on a seasonally adjusted basis, a 0.6% year-over-year increase. This is a lower rate of growth than in the state overall (1.5%), but it is important to remember that the Inland Empire was one of the hardest hit regions in California after the housing bubble burst.
. . . examine several likely characteristics of the Inland Empire in 2015, including the expected population makeup and economic conditions.