Mapping the [California] jobs recovery

JobsToRecovery-Counties1

Map update 10/22/14

 County Dec 2007 Jobs
Sep 2014 Jobs
Percent change
Alameda 1,071,700
1,060,100
-1.1%
Alpine 860
600
-30.2%
Amador 12,820
10,780
-15.9%
Butte 76,800
75,600
-1.6%
Calaveras 8,950
8,290
-7.4%
Colusa 5,420
6,710
+23.8%
Contra Costa
1,071,700
1,060,100
-1%
Del Norte 7,940
7,680
-3.8%
El Dorado 919,900
883,500
-4%
Fresno 313,300
316,400
+1%
Glenn
6,620
6,730
+1.7%
Humboldt
49,100
46,700
-4.9%
Imperial
49,500
52,400
+5.9%
Inyo
7,630
7,550
-1.1%
Kern
244,100
254,900
+4.4%
Kings
37,600
38,000
+1.1%
Lake
13,850
14,580
+5.3%
Lassen
10,000
9,610
-3.9%
Los Angeles
4,287,500
4,196,700
-2.1%
Madera
36,500
35,900
-1.6%
Marin
1,022,300
1,15,400
+9.1%
Mariposa
5,360 5,980 +11.6%
Mendocino
31,010
30,230
-2.5%
Merced
60,100
61,900
+3%
Modoc
2,510
2,240
-10.8%
Mono
7,490 6,560 -12.4%
Monterey
131,800
128,300
-2.7%
Napa
64,800
70,100
+8.2%
Nevada
30,820
29,330
-4.8%
Orange
1,530,800
1,482,400
-3.2%
Placer
919,900
883,500
-4%
Plumas
6,800
7,280
+7.1%
Riverside
1,296,100
1,258,300
-2.9%
Sacramento
919,900
883,500
-4%
San Benito
933,000
1,004,900
+7.7%
San Bernardino
1,296,100
1,258,300
-2.9%
San Diego
1,333,400
1,345,500
+0.9%
San Francisco 1,022,300
1,115,400
+9.1%
San Joaquin
216,000
205,800
-4.7%
San Luis Obispo
105,500
106,600
+1%
San Mateo
1,022,300
1,115,400
+9.1%
Santa Barbara
175,400
174,100
-0.7%
Santa Clara
933,000
1,004,900
+7.7%
Santa Cruz
95,800
93,400
-2.5%
Shasta
65,400
62,200
-4.9%
Sierra
740
690
-6.8%
Siskiyou
13,180
13,420
+0.5%
Solano
130,400
128,700
-1.3%
Sonoma
194,200
189,600
-2.4%
Stanislaus
162,200
161,900
-0.2%
Sutter
42,100
38,900
-7.6%
Tehama
15,960
15,380
-3.6%
Trinity
2,900
3,070
+5.9%
Tulare
117,200
115,100
-1.8%
Tuolumne
17,860
16,480
-7.7%
Ventura
300,300
291,500
-2.9%
Yolo
919,900
883,500
-4%
Yuba
42,100
38,900
-7.6%

The Golden State’s jobs recovery is a complex machine. In Q3 2014, about half of California’s counties have completed their job recoveries and employment numbers are continuing to grow. In less affluent counties — mainly the far northern and some inland counties — employment is still struggling to make up that last 10% to reach pre-recession levels.

Statewide, California’s jobs market is 0.5% (76,400 jobs) below the pre-recession employment peak as of Q3 2014. At the current recovery rate, the state as a whole is expected to recover all jobs lost by the end of 2014, exceeding this number in 2015.

Where does your county fall? And what is the significance for your local housing market?

Without income from employment, households cannot rent or buy a home (unless they are subsidized by the government or possess substantial independent wealth). Thus, of all the factors affecting our state’s economy, employment has the most impact on the vigor of local real estate markets. This is true in good economic times and in recession or recovery.

The more quickly your local job markets recovers, the sooner you’ll experience a stable and profitable housing market.

Reprinted from first tuesday Journal Online — P.O. Box 5707, Riverside, CA 92517

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