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November 2015 Metrics

Overview:
  • In October 2015, the Orange County unemployment rate increased to 4.3 percent from 4.0 percent in September 2015 – an increase of 0.3 percentage points and 0.9 percent lower than last October’s unemployment rate. Statewide unemployment was 5.7 percent in October 2015, which is a 0.2 percent increase since the previous month and 1.3 percentage points lower year-over-year. The national unemployment was 5.0 percent in October 2015, a decrease of 0.1 percentage points compared to the previous month and 0.7 percentage points lower than in October 2014. This makes Orange County’s unemployment rate 1.4 points below the state rate and 0.7 points below the national rate.
  • The total labor force participants in Orange County increased during October 2015 by 9,700 individuals to a total of 1.605 million participants. Year-over-year improvements have been modest, with 28,800 more total employed and 13,900 less unemployed than in the previous October.
  • 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 September to October 2015 were came from Government (6,700 new hires), Professional and Business Services (3,200 new hires) and Trade, Transportation and Utilities (1,600 new hires). Since October 2014, the greatest job gains stem from Educational and Health Services with 9,500 new hires, or 4.9 percent annual growth followed by Leisure and Hospitality with 7,400 new hires or 3.8 percent annual growth.
  • 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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Table of Contents (click to jump to a specific measure):



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Orange County, California and US Unemployment
Rates, 2008-2015

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


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

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
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 2010 - 2015
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




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

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
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 1990-2014
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