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November 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. After a brief spike through the early summer, unemployment has declined for three straight months, falling to 5.8 percent in October 2013. The State unemployment rate has held steady at 8.7 percent month-over-month in October 2013, and national unemployment has increased by a very slight 0.1 percent to 7.3 percent. Orange County’s unemployment rate for October 2013 is 1.4 percentage points below October 2012’s, showing sustained reductions in the rate for 2013 thus far.
  • The California Employment Indicator Index made a slight jump forward from a revised 120.5 in the third quarter of 2013 to 121.6 in the fourth quarter of 2013, indicating that hiring and new job creation is continuing to gradually improve for California. Job growth is still considered positive with an index above 100, and the index is the highest seen in 2013 so far.
  • Orange County industry employment for October is performing well in terms of Construction, Professional Services, and Government employment growth. Construction employment grew by 1,700 since September 2013 to a total of 84,300 workers for October 2013, while Professional & Business Services increased 4,600 jobs to 266,600 employed. The greatest month-over-month job losses came from Leisure & Hospitality, which fell by a minor 1,600 jobs from September to October 2013. Year-over-year, Retail Trade continues to be the industry with the greatest job loss, down 5,800 jobs from October 2012 to 2013.
  • 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 - 2013
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 Annual 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