Kelly Cunningham Economist, Senior Fellow www.nusinstitute.org 2015 Economic Outlook Post-recession economic recovery January 21, 2015.

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Presentation transcript:

Kelly Cunningham Economist, Senior Fellow Economic Outlook Post-recession economic recovery January 21, 2015

Months Until Full Recovery of U.S. Jobs

Labor Participation Rate

Change in U.S. Employment by Age 55+ year olds: 34% of workers in year olds: 25% of workers in 2007

Unemployment Rates

Alternative measures of labor underutilization 2014 Annual Average U-1: Persons unemployed 15 weeks or longer, as a percent of the civilian labor force. U-2: Job losers and persons who completed temporary jobs, as a percent of the civilian labor force. U-3: Total unemployed, as a percent of the civilian labor force (this is the definition used for the official unemployment rate). U-4: Total unemployed plus discouraged workers. U-5: Includes U-4 plus all other marginally attached workers. U-6: Includes U-5 plus total employed part time for economic reasons.

San Diego, California, U.S. Jobs Nonfarm payroll employment seasonally adjusted

San Diego Gross Domestic Product

Comparison of Annual Change in GDP

Indicators of County Economic Recovery, 2014

Metropolitan GDP Comparisons

San Diego Industries by GDP

San Diego Industries by GDP, 2013

Other San Diego GDP Industries

San Diego Recession and Recovery

San Diego Industry Employment by Quarter

San Diego Occupations by Average Annual Wage and Number of Jobs, 2014 Higher Wage Jobs: 340,270 26% of Total Middle Wage Jobs: 576,770 45% of Total Lower Wage Jobs: 373,570 29% of Total

Net Change in San Diego Employment and

Net Change by Occupation, San Diego Higher-Wage Occupations Mid -Wage Occupations Low er-Wage Occupations

San Diego Median Household Income

San Diego Annual Population Change

Change in San Diego Population by Age

San Diego Birth and Death Rates

San Diego Population by Race/ Ethnicity and Age 2013

Proportion of median housing price to household income

Nation’s Least Affordable Housing Markets, 3 rd Quarter 2014

S&P/Case-Shiller Home Price Indices Seasonally Adjusted

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