Welcome Bay Area Regional Economic Vitality Conversation June 11, 2004 Made possible through generous support from Pacific Gas and Electric Company.

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Presentation transcript:

Welcome Bay Area Regional Economic Vitality Conversation June 11, 2004 Made possible through generous support from Pacific Gas and Electric Company

Background for Bay Area Economic Vitality Conversation June 11, 2004 Presented by: Stephen Levy

Increasing California's Competitive Edge Reduce the Negatives  Workers' Compensation  Energy Costs  Housing Costs  Improving the Efficiency of Regulations Increase the Positives  Investing in Education  Investing in Transportation  Creating Great Communities to Live & Work

Where We Are Now The Impact of Low U.S. Job Growth

United States Change in G.D.P.

U.S. Productivity Growth Rate

Job Gains 37 Months After Recession Starts

If Job Growth Matched Past 7 Recoveries The United States Would Have 6.2 Million More Jobs California Would Have 688,000 More Jobs

Where We Are Now California Job Trends

Non-Farm Wage & Salary Jobs

Job Losses Concentrated in Manufacturing

A Decline in U.S. Manufacturing? Employment: A Victim of Productivity Gains & Industry Shifts to Capital Intensive Sectors

Where We Are Now Bay Area California Economic Regions Show Different Trends California Economic Regions Show Different Trends Industries Matter for Regional Growth Industries Matter for Regional Growth

Growth in Non-Farm Jobs (Mar 01-Mar 04)

Bay Area Job Growth by Metro Area

The LA Economy: Stronger Than Payroll #’s Rents: Change 01 Q1 – 03 Q4

Manufacturing Job Losses

Manufacturing Jobs

Manufacturing Job Loss

Metro Area Manufacturing Job Losses

Nevada Manufacturing Job Growth

But Manufacturing is Not the Major Part of the Bay Area's Economic Base

Bay Area Economic Base

Increasing California's Competitive Edge Reduce the Negatives  Workers' Compensation  Energy Costs  Housing Costs  Improving the Efficiency of Regulations Increase the Positives  Investing in Education  Investing in Transportation  Creating Great Communities to Live & Work

QUESTIONS?