Download May 2019 Jobs Report Highlights for policy makers: Unemployment Dips to 4.2%; Employment Down 39,400 Labor Force Participation Rate Dips to 62.4% Labor Force by Age Employment Growth Ranking—California Dips to 3rd Nonfarm Jobs Up 19,400 for Month; California Remains Ranked #2 for 12-month Gain Jobs Change by Industry Structural Shifts in State’s Economy […]
The latest new vehicle sales data from California New Car Dealers Association indicates that sales are now projected to be above 1.9 million units for the year. Although slowing 4% from the prior year, this indicator reflects the level of overall consumer confidence and continuing strength of the recovery. New vehicle sales are also a critical indicator of state and local revenues, with Motor Vehicle and Parts Dealers (NAICS 441) producing 13% of total taxable sales in the most recent data for the first quarter in 2018.
• Light truck market share in the quarter was down marginally to 56.1%, compared to 57.3% in Q4 2018 and 53.6% in Q1 2018.
• Consumer shifts to light trucks for the US outside California similarly showed only a marginal change, accounting for 69.9% of new light vehicle sales. The potential for California’s ZEV policies to be replicated beyond its borders remains low as the market segment targeted by most Plug-in Electric Vehicle (PEV) models—cars—continues to remain low as a result of consumer preferences.
• The average California price for regular gas in Q1 2019 was $3.34 a gallon, the same as the year prior.
•Unemployment Unchanged at 4.3%; Employment Down 49,400
•Labor Force Participation Rate Dips to 62.6%
•Labor Force by Age
•Employment Growth Ranking—California Dips to 2nd
•Nonfarm Jobs Up 46,000 for Month; California Remains Ranked #2 for 12-month Gain
•Jobs Change by Industry
•Structural Shifts in State’s Economy
•Unemployment Rates by Region
•Unemployment Rates by Legislative District
•Employment Growth by Region
•MSAs with the Worst Unemployment Rates
•Chart of the Month: California Needs 180,000 New Housing Units Each Year Just to Keep Up with Population Growth — They’re Being Built in Texas
Below are highlights from the recently released trade data from the US Census Bureau and US Bureau of Economic Analysis. To view additional data and analysis related to the California economy visit our website at www.centerforjobs.org/ca.
Below are the monthly updates from the most current April 2019 fuel price data (GasBuddy.com) and February 2019 electricity and natural gas price data (US Energy Information Agency). To view additional data and analysis related to the California economy visit our website at www.centerforjobs.org/ca.
•Unemployment Level Up at 4.3%; Employment Down 16,900
•Labor Force Participation Rate Stays at 62.8%
•Labor Force Rate by Age
•Employment Growth Ranking—California Remains 1st
•Nonfarm Jobs Up 14,600 for Month; California Remains Ranked #2 for 12-month Gain
•Jobs Change by Industry
•Structural Shifts in State’s Economy
•Unemployment Rates by Region
•Unemployment Rates by Legislative District
•Employment Growth by Region
•MSAs with the Worst Unemployment Rates
•Chart of the Month: Business Employment Dynamics
Highlights for policy makers:
• Unemployment Level at 4.2%; Employment Up 18,000
• Labor Force Participation Rate Rises to 62.8%
• Labor Force by Age
• Employment Growth Ranking—California Remains 1st
• Nonfarm Jobs Up 14,600 for Month; California Remains Ranked #2 for 12-month Gain
• Jobs Change by Industry
• Structural Shifts in State’s Economy
• Unemployment Rates by Region
• Unemployment Rates by Legislative District
• Employment Growth by Region
• 20 MSAs with the Worst Unemployment Rates
• Chart of the Month: Manufacturing Employment
Highlights for policy makers:
• Unemployment Rises to 4.2%; Employment Up 35,200
• Labor Force Participation Rate Rises to 62.7%
• Labor Force by Age
• Employment Growth Ranking—California Back to 1st
• Nonfarm Jobs Up 24,500 for Month; California Remains Ranked #2 for 12-month Gain
• Jobs Change by Industry
• Structural Shifts in State’s Economy
• Unemployment Rates by Region
• Employment Growth by Region
• 20 MSAs with the Worst Unemployment Rates
• Chart of the Month: WARN Act Notices
Below are highlights from the recently released trade data from the US Census Bureau and US Bureau of Economic Analysis. To view additional data and analysis related to the California economy visit our website at www.centerforjobs.org/ca.
Below are the monthly updates from the most current January 2019 fuel price data (GasBuddy.com) and November 2018 electricity and natural gas price data (US Energy Information Agency). To view additional data and analysis related to the California economy visit our website at www.centerforjobs.org/ca.
Below are the monthly updates from the most current February 2019 fuel price data (GasBuddy.com) and December 2018 electricity and natural gas price data (US Energy Information Agency). To view additional data and analysis related to the California economy visit our website at www.centerforjobs.org/ca.
The latest new vehicle sales data from California New Car Dealers Association indicates that sales once again exceeded 2 million units for the year. Although slowing 2.2% from the prior year, this indicator reflects the level of overall consumer confidence and continuing strength of the recovery. New vehicle sales are also a critical indicator of state and local revenues, with Motor Vehicle and Parts Dealers (NAICS 441) producing 13.1% of total sales and use tax in the most recent data for the first three quarters of 2017.
• Light truck market share in the quarter was 57.3%, up from 54.0% in Q4 2017, as consumers continue to show a growing preference for this type of vehicle.
• Consumer shifts to light trucks for the US outside California continued to be more pronounced, accounting for 70.6% of new light vehicle sales in this quarter and 68.8% for the year overall. The potential for California’s ZEV policies to be replicated beyond its borders remains low as the market segment targeted by most PEV models—cars—continues to contract as a result of consumer preferences.
• The trend towards light trucks continues in spite of higher fuel prices. The average California price for regular gas in Q4 2018 was $3.70 a gallon, 19.5% higher than the prior year’s $3.13.
Highlights for policymakers:
• Unemployment Rises to 4.2%; Employment Up 68,700
• Labor Force Participation Rate Rises to 62.5%
• Employment Growth Ranking—California Stays in 2nd
• Nonfarm Jobs Up 24,500 for Month; California Remains Ranked #2 for 12-month Gain
• Jobs Change by Industry
• Structural Shifts in State’s Economy
• Unemployment Rates by Region
• Employment Growth by Region
• Unemployment Rates by Legislative District
• 10 MSAs with the Worst Unemployment Rates
Below are the monthly updates from the most current December 2018 fuel price data (GasBuddy.com) and October 2018 electricity and natural gas price data (US Energy Information Agency).
Highlights for policy makers:
• Unemployment Rate Level at 4.1%; Total Employment Up 73,200
• Labor Force Participation Rate Level Up to 62.3%
• State Employment Growth Rankings—California 4th Highest
• Nonfarm Jobs Up 36,400
• 4 Industries Still below 2007 Pre-Recession Job Levels
• Job Gains by Wage Level
• Two-Tier Economy Persists—Central Valley Unemployment More than Twice as High as Bay Area
• Bay Area Provided 37.6% of Net Employment Growth Since Recession
• 8 California MSAs in the 10 Worst Unemployment Rates Nationally