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- In November 2015,
the Orange County unemployment rate decreased to 4.2 percent from
4.3 percent in October 2015 – a decrease of 0.1 percentage points
and 1.0 percent lower than last November’s unemployment rate.
Statewide unemployment was 5.7 percent in November 2015, which
is unchanged compared to the previous month and 1.4 percentage
points lower year-over-year. The national unemployment was 4.8
percent in November 2015, unchanged compared to the previous month
and 0.7 percentage points lower than in November 2014. This makes
Orange County’s unemployment rate 1.5 points below the state rate
and 0.6 points below the national rate.
- The total labor force participants in Orange County decreased during November
2015 by 200 individuals to a total of 1.605 million participants.
Year-over-year improvements have been modest, with 27,300 more
total employed and 15,200 less unemployed than in the previous
November.
- The California Employment Indicator Index decreased by 2.1 points from a revised
reading of 118.9 in the third quarter of 2015 to 116.8 in the
fourth quarter of 2015. While job growth is expected to be positive,
it will be at a slower pace than experienced during the third
quarter of 2015 which was reported to be around 3.0 percent.
- The largest industry employment changes from October 2015 to November 2015 came
from Trade, Transportation and Utilities (6,800 new hires), Government
(2,800 new hires) and Construction (1,300 new hires). Since November
2014, the greatest job gains stem from Construction and Leisure & Hospitality with 8,200 new hires each, representing 9.6 percent annual growth
and 4.2 percent annual growth, respectively. These industries
were followed by Government which added 5,600 jobs, an increase
of 3.6 percent and Educational and Health Services which added
5,100 jobs, an increase of 2.6 percent.
- In 2012, California’s population growth relative to the year 2000 recovered from
the growth rate dip in 2008. As of 2013, Orange County has now
done the same. Orange County’s relative population growth increased
to 10.5 percent for 2014 compared to 9.4 percent for 2013, while
the state’s growth in 2014 was 14.6 percent.
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Orange
County, California
and US Unemployment
Rates, 2008-2015
This indicator measures the unemployment rate for Orange County, California
and the United States over the since January 2007.
Source: Source: California Employment Development Department
http://www.labormarketinfo.edd.ca.gov/
http://www.calmis.ca.gov/file/lfmonth/oran$pds.pdf
http://www.bls.gov/news.release/empsit.nr0.htm
Orange
County Labor Force and Unemployment Comparisons
The full details of Orange County’s unemployment, employment, and labor
force totals are detailed in the table below, showing changes since the previous
month and since the previous year. The unemployment rate is singled out and
compared to other counties and regions.
Source: Chapman University
California
Employment Indicator Index
This indicator measures Chapman University’s Employment Index Indicator
Index. The California Index of Leading Employment Indicator is comprised
of variables found to have a significant influence on California’s payroll
employment
growth. These variables include movements in the lagged values of real
GDP, real exports, the S&P
500 and the state’s total construction spending. A weighted average of
changes in these variables, based on their relative importance in explaining
state
employment growth, is used in constructing the index.
Source: Chapman University
Orange
County Industry Trends by Month 2010 - 2015
The Orange County Industry Trends indicator measuring monthly changes for
industries shows the more immediate and recent trends in industry employment
for Orange County.
Source: California Employment Development Department
http://www.calmis.ca.gov/file/indhist/oran$hws.xls
Orange
County Industry Employment Comparisons
This indicator breaks down Orange County’s employment by industry for the
current month, comparing changes in employment levels since the previous month
and the previous year.
Source: California Employment Development Department
California
Employment Indicator Index and Payroll Employment
This indicator shows the Employment Indicator Index’s relationship with
Payroll Employment year over year percentage change. Understanding how the
Employment Indicator Index is related to year over year Payroll Employment
change demonstrates how adjustments in the Employment Indicator Index predicts
upcoming trends in Payroll Employment.
Source: Chapman University
http://www.chapman.edu/images/userImages/cwilliam/Page_4388/CAEmploymentIndicator_2010Q1.pdf
Orange
County Annual Industry Trends 1990-2014
The Orange County Industry Trends indicator measuring annual changes for
industries shows the big-picture long-term trends in industry employment
for Orange County.
Source: California Employment Development Department
http://www.calmis.ca.gov/file/indhist/oran$haw.xls
Orange
County Population Trends
This indicator measures current population growth relative to times in
the past for Orange County and California. Orange County has shown faster
population growth than the State as a whole.
Source: US Census Bureau and California Department of Finance
Online Help-Wanted Ads Posted by Employers
This measures the number of Help-Wanted advertisements posted online by Orange County employers as measure by the Employment Development Department.
Source: US Census Bureau and California Department of Finance
Temporary
Employment: ASA Staffing Index
The ASA Staffing Index monitors weekly changes in temporary and contract employment
for the United States. Surveys are modeled after the quarterly ASA Staffing
Employment and Sales Survey, and give an indication of fluxuaitons in temporary
employment since June 2006.
Source: American Staffing Association
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