06/25/2022

Reports

June 2017 Job Report

Highlights for policy makers:
• Unemployment Rate Continues Dropping to 4.7%; Total Employment Down 21,300
• Labor Force Participation Rate Remains at Lowest Level Since 1976
• State Employment Growth Rankings—California Remains in 3rd Place Behind Florida and Texas
• Nonfarm Jobs Down 1,400
• 6 Industries 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 44% of Net Employment Growth Since Recession
• 7 California MSAs in the 10 Worst Unemployment Rates Nationally
• Bay Area Paid 40% of Personal Income Tax in 2015 Tax Year

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May 2017 Job Report

Highlights for policy makers:
• Unemployment Rate Continues Dropping to 4.7%; Total Employment Little Changed at 3,600
• Labor Force Participation Rate at Lowest Level Since 1976
• State Employment Growth Rankings—California Drops to 3rd Place Behind Florida and Texas
• Nonfarm Jobs Up 17,600
• 6 Industries 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 42% of Net Employment Growth Since Recession
• 8 California MSAs in the 10 Worst Unemployment Rates Nationally

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April 2017 Job Report

Highlights for policy makers:
• Unemployment Rate Eases to 4.8%; Total Employment Up 27,800
• Labor Force Participation Rate Level Unchanged at 62.1%
• State Employment Growth Rankings—California Remains in 2nd Place Behind Florida
• Nonfarm Jobs Down 16,300
• 5 Industries Below 2007 Pre-Recession Job Levels
• Job Gains by Wage Level
• 2016:Q2 Jobs, Wage & Establishment Data Updated
• Two-Tier Economy Persists—Central Valley Unemployment Nearly Twice as High as Bay Area
• Bay Area Provided 42% of Net Employment Growth Since Recession
• 8 California MSAs in the 10 Worst Unemployment Rates Nationally

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State’s Progress on 1.5 Million Zero Emission Vehicles by 2025 – May 2017

The latest new vehicle sales data from California New Car Dealers Association  shows continued but slowing growth in Californians’ purchases of new cars and trucks.  Key findings from the data: 

• Total light vehicle sales in 2017:Q1:  506,745.  Up 0.7% from 2016:Q1.

• 2017:Q1 Market share, cars:  50.2%.  Down from 55.7% in 2016:Q1.

• 2017:Q1 Market share, light trucks:  49.8%.  Up from 44.3% in 2016:Q1.

• California average price per gallon regular gasoline, 2017:Q1:  $2.89.  Up from $2.61 in 2016:Q1.

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Regulation & Housing: Effects on Housing Supply, Costs & Poverty

This report analyzes the potential effects from recently adopted and currently proposed regulations having significant effects on the cost of new housing in California.  Specifically, these regulations considered include proposals that would require all housing in California to be built while paying workers at prevailing wage levels along with Zero Net Energy requirements, increasing local requirements for affordable units, and offsets, VMT reduction, and other measures related to the state’s climate change policies.

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Regulation & Housing: Effects on Housing Supply, Costs & Poverty

This report analyzes the potential effects from recently adopted and currently proposed regulations having significant effects on the cost of new housing in California. Specifically, these regulations considered include proposals that would require all housing in California to be built while paying workers at prevailing wage levels along with Zero Net Energy requirements, increasing local requirements for affordable units, and offsets, VMT reduction, and other measures related to the state’s climate change policies. The analysis considers the effects on housing prices and rents, California employment and income, and related issues where increased housing prices will affect housing affordability, poverty, homelessness, overcrowding, and related issues in the state. The prevailing wage analysis is used to develop the core data and analytical base, while consideration of the other regulations
draws from related studies.

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March 2017 Job Report

Highlights for policy makers:
• Unemployment Rate Eases to 4.9%; Total Employment Up 37,100
• Labor Force Participation Rate Level Unchanged at 62.1%
• State Employment Growth Rankings—California Remains in 2nd Place Behind Florida
• Nonfarm Jobs Increase 19,300
• 6 Industries Below 2007 Pre-Recession Job Levels
• Job Gains by Wage Level
• Two-Tier Economy Persists—Central Valley Unemployment Nearly 3 Times as High as Bay Area
• 8 California MSAs in the 10 Worst Unemployment Rates Nationally

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February 2017 Job Report

Highlights for policy makers:
• Unemployment Rate Drops to 5.0%; Total Employment Up 13,800
• Labor Force Participation Rate Eased to 62.1%
• State Employment Growth Rankings – California Drops to 2nd Place Behind Flordia
• Nonfarm Jobs Increase 22,900
• 6 Industries below 2007 Pre-Recession Job Levels
• Job Gains by Wage Level
• Two-Tier Economy Persists – Central Valley Unemployment Nearly 3 Times as High as Bay Area
• 6 California MSAs in the 10 Unemployment Rates Nationally

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California Public Tuition & Fee Costs among the Lowest in the Nation

Recent analysis by LAO stated that after factoring in housing costs, total annual costs for attending Community College in California goes from the lowest to the 7th highest in the nation for students not living at home with their families. The following LAO conclusions were based on 2013-14 data. California housing prices have escalated rapidly since then.

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January 2017 Job Report

Highlights for policy makers:
• Unemployment Rate Eases to 5.1%; Total Employment Up 11,000
• Nonfarm Jobs Increase 3,700
• 6 Industries below 2007 Pre-Recession Job Levels
• Two-Tier Economy Persists
• 7 California MSAs in the 10 Worst Unemployment Rates Nationally
• California U-6 Unemployment Eases to 11.3%

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State’s Progress on 1.5 Million Zero Emission Vehicles by 2025

The latest new vehicle sales data from California New Car Dealers Association shows continued but slowing growth in California’s purchases of new cars and trucks.  Key findings from the data:

• Total light vehicle sales in 2016 Q2:  542,565.  Up 1.8% from 2015 Q2.

• Market share, cars:  54.8%.  Down from 59.3% in 2015 Q2.

• Market share, light trucks:  45.2%.  Up from 40.7% in 2015 Q2.

• California average price per gallon regular gasoline, 2016 Q2:  $2.81.  Down from $3.50 in 2015 Q2.

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December 2016

 Highlights for policy makers: Unemployment Rate Eases to 5.2%; Total Employment Down 39,000 Labor Force Participation Rate Level Down to 62.5% State Employment Growth Rankings Nonfarm Jobs Increase 3,700 Five Industries Remain Below 2007 Pre-Recession Job Levels Two-Tier Economy Persists Eight California MSAs in the 10 Worst Unemployment Rates Nationally Legislative District Jobs Data Updated

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November 2016

 Highlights for policy makers: Unemployment Rate Drops to 5.3%; Total Employment Up 47,000 Labor Force Participation Rate Level at 62.8% State Employment Growth Rankings Nonfarm Jobs Increase 13,600 Five Industries below 2007 Pre-Recession Job Levels Two-Tier Economy Persists Eight California MSAs in the 10 Worst Unemployment Rates Nationally K-12 Enrollment Projections Updated Poverty Rates Commuting Data Update: Californians Still Rely on Single-Occupant Vehicles to Get to Work

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State’s Progress on 1.5 Million Zero Emission Vehicles by 2025

The latest new vehicle sales data from California New Car Dealers Association shows continued but slowing growth in California’s purchases of new cars and trucks.  California consumers are now buying qualifying zero emission vehicles at an annual rate of 71,000, but will need to bump these purchases up to 175,000 a year in order to meet the state’s 2025 goal.  Key findings from the data are below.

• Total light vehicle sales in 2016 Q3:  531,514.  Essentially level with 2015 Q3 sales.

• Light vehicle market share, cars:  53.7%.  Down from 58.8% in 2015 Q3.

• Light vehicle market share, light trucks:  46.3%.  Up from 41.2% in 2015 Q3.

• California average price per gallon regular gasoline, 2016 Q3:  $2.77.  Down from $3.47 in 2015 Q3.

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October 2016

 Highlights for policy makers: Unemployment Rate Remains at 5.5%; Total Employment Up 90,900 Labor Force Participation Rate Improves to 62.8% State Employment Growth Rankings Nonfarm Jobs Increase 31,200 Four Industries below 2007 Pre-Recession Job Levels Two-Tier Economy Persists Seven California MSAs in the 10 Worst Unemployment Rates Nationally California in Full Employment? 3rd Quarter Housing Permits Down 1% 3rd Quarter Housing Prices 60.6% Above US Average

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