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July 2013 Metrics

Overview:
  • Orange County’s unemployment has drastically fallen since the beginning of 2013, dropping as low as 5.5 percent in May 2013, the lowest unemployment the County has seen since July 2008. This month, June 2013 saw a slight bump up of 0.4 percentage points to 6.1 percent unemployment – though unemployment also rose at the state and national levels, jumping by 0.7 percentage points to 8.8 percent for California and rising 0.5 percentage points to 7.8 percent for the nation. Orange County’s unemployment rate for June 2013 is 1.8 percentage points lower than the rate recorded for June 2012.
  • The California Employment Indicator Index further declined from a revised 113.7 in the first quarter of 2013 to 112.8 in the second quarter of 2013. Although job growth is still considered positive with an index above 100, the pace of job creation will not differ drastically from the previous quarter.
  • Orange County industry employment is trending positive across the majority of industries. Both Professional & Business Services and Leisure & Hospitality made significant gains from May 2013 to June 2013, adding 2,200 and 2,900 jobs, respectively. Nondurable Goods Manufacturing, Government Employment, and Other Services all experienced slight declines month-over-month. Compared to June 2012, Education & Health Services, Construction, and Financial Activities have experienced the greatest growth, each adding at or above 7,800 jobs year-over-year.
  • Relative population growth for California has increased to a 12-year high, with over 12% growth relative to population in 2000. Orange County’s relative population growth increased to 8.6% for 2012, compared to 7.4% for 2011 relative to the base year 2000.

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Table of Contents (click to jump to a specific measure):



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Orange County, California and US Unemployment
Rates, 2007-2013

Three-Year Trend in Orange County, California  Auxiliary aids and services are available upon request to individuals with disabilities.  TDD line: (714) 834-7163

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


California Employment Indicator Index
California Employment Indicator Index: Auxiliary aids and services are available upon request to individuals with disabilities.  TDD line: (714) 834-7163

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 2007 - 2012
Orange County Industry Trends by Month: Auxiliary aids and services are available upon request to individuals with disabilities.  TDD line: (714) 834-7163

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




California Employment Indicator Index and Payroll Employment
California Employment Indicator Index and Payroll Employment : Auxiliary aids and services are available upon request to individuals with disabilities.  TDD line: (714) 834-7163

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 Industry Trends 1990-2012
Orange County Industry Trends 1990-2009: Auxiliary aids and services are available upon request to individuals with disabilities.  TDD line: (714) 834-7163

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
Orange County Population Trends: Auxiliary aids and services are available upon request to individuals with disabilities.  TDD line: (714) 834-7163

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
Orange County Population Trends: Auxiliary aids and services are available upon request to individuals with disabilities.  TDD line: (714) 834-7163

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

Orange County Population Trends: Auxiliary aids and services are available upon request to individuals with disabilities.  TDD line: (714) 834-7163

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



Developed and Maintained in partnership with Orange County Business Council
The Orange County Workforce Investment Board is an equal opportunity entity. Auxiliary aids and services are available upon request to individuals with disabilities.
TDD line: (714) 834-7163