Inland Empire Analysis

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Presentation transcript:

Inland Empire Analysis Manfred Keil Claremont McKenna College

Summary Low Unemployment Rate and Strong Growth How Good Does it Feel? What will Make the Inland Empire Great Again?

Low Unemployment Rate and Strong Growth

Unemployment Rates, U.S., California, and the Inland Empire January 1990 - July 2016

Real GDP Growth Rates for the U. S Real GDP Growth Rates for the U.S., California, and the Inland Empire, 2002 – 2015

Percentage Change in Employment, July 2007 – August 2016

Manufacturing Employment, Inland Empire, July 2007- July 2016

Construction Employment, Inland Empire, July 2007 – August 2016

Transportation and Warehousing Employment, Inland Empire, July 2007 – August 2016

Percentage Change in the Unemployment Rate and its Decomposition, Aug 2015- Aug 2016: IE, Greater Los Angeles, CA, U.S.

Contribution to Total Employment Growth by Sector, August 2015 – August 2016 Source: Federal Reserve Economic Data, Bureau of Labor Statistics

Percent Change in Employment, Top 10 MSA, August 2015-2016 IE was number 2 last year

How Does it Feel?

Inland Empire and National Employment to Population Ratio, 1978 - 2014, Seasonally Adjusted Mention the history of the US prior t0 1997 to give some context

Change in the Per Capita GDP since Recession

IE Sectoral Employment Losses and Subsequent Gains, Inland Empire, August 2007 and August 2016 Obamacare Net employment loss, August 2007 - Sector's Trough Net employment gain, Sector's Trough - August 2016 Employment recovery, Sector's Trough - August 2016

CA Sectoral Employment Losses and Subsequent Gains, Inland Empire, August 2007 and August 2016 Mention that the US looks the same Net employment loss, August 2007 - Sector's Trough Net employment gain, Sector's Trough - August 2016 Employment recovery, Sector's Trough - August 2016

Improving the Inland Empire

Inland Empire CES and CPS Employment, July 2007 - August 2016, Seasonally Adjusted

Commuting Map of the Inland Empire

Average Educational Attainment in the Inland Empire Coastal cities are much higher

City Unemployment Rates in the Inland Empire and Distance to Greater Los Angeles/San Diego County Line July 2016

City Unemployment Rates in the Inland Empire and Human Capital Index July 2016

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