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John Husing, Ph.D. Economics & Politics, Inc. Chief Economist, IEEP

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Presentation on theme: "John Husing, Ph.D. Economics & Politics, Inc. Chief Economist, IEEP"— Presentation transcript:

1 John Husing, Ph.D. Economics & Politics, Inc. Chief Economist, IEEP
Inland Empire Prosperity . . . John Husing, Ph.D. Economics & Politics, Inc. Chief Economist, IEEP

2 After Losing 8. 71 Million Jobs … Now At A Record Level of Jobs U. S
After Losing 8.71 Million Jobs … Now At A Record Level of Jobs U.S. Jobs Long Slow Growth - Not Over-Heating

3 Value of the Dollar: Helps Imports & Hurts Exports
100.0 %

4

5 California Job Gains/Losses
Up 1,074,272 6.8% Up 2007 15,844,325 2016 16,918,587 Recovery 2,253,330 Great Recession -1,179,058

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7 Inland Empire Population
Greater Than 25 of 50 States Growth: 6.2%

8 Inland Empire Economy Gaining Strength!

9 Job Quality

10 Inland Empire Growth was the 2nd Largest Absolute Job Gain in California in 2015!

11 Unemployment Rates

12 The Issue: Poverty

13 Diversity Challenge

14 Gold Mine Theory Secondary Tier Primary Tier

15 Educational Challenge For Adults & Their Children

16 What is Needed To Attack Poverty?
Short Course Adult Training in Specific Skills Sectors With Education Barriers That Can Be Overcome Median Incomes Approaching Middle Class Earnings Skill Ladders Up Which Workers Can Move To Median Incomes Sectors That Are Adding Jobs

17 Exhibit 7.-Sectors & Number of Interviews
Interviewed Interviewed One-on-One 50 CEOs, Entrepreneurs, HR Directors 18 Sectors Exhibit 7.-Sectors & Number of Interviews Trucking & Warehousing (9) Hotels (2) Health Care (6) Railroad (2) Manufacturing (6) Water (1) Agencies (5) Aircraft Repair (1) Construction (4) Oil & Gas (1) Finance (3) Real Estate (1) Engineering (2) Entertainment (1) Software (2) Printing (1) Retailing (2) Restaurant (1)

18 General Hiring Themes Demonstrated Teamwork Hands-on Experience
Academic Knowledge Career Technical Education

19 Aptitudes/Attitudes Life Goals (Some Idea What Want To Be)
Personality (Friendliness, Ambition, Interest, Innovation) STEM (Willingness to Learn Required Knowledge) Received Certifications (To Industry Standards)

20 What’s Needed From Educators
$20 per hour Jobs Evenings Weekends Weekdays Training Times Rapid Course Creation Industry Standards Hands-On Technically Up to Date

21 What Skills? Software Design, Installation, Adaption, Usage
Auto/Truck Mechanics Truck Drivers Production Machining, Welding, Electrical, Repair Construction Trades Nursing, MRI, CT Scans, Sonography, Lab Tech, Coders Accounts Payable, Receivable, Payroll Microsoft Word, EXCEL, Powerpoint Water Supply, Recycling, Clean-Up Middle Managers

22 Who Can Meet Training Requirements?
Private Sector Non-Profits Community Colleges K-12 Adult Schools ROP

23 Health Care

24 Health Care Jobs: Continuous Growth
11% of Job Growth Median Pay $54,261

25 Training Issue Athletic Trainers & Exercise Physiologists
Cardiovascular Technologists and Technicians Coders Dental Assistants Dental Hygienists Diagnostic Medical Sonographers EMTs Massage Therapists Medical Laboratory Techs Medical Records & Health Information Techs Medical Transcriptionists MRI Techs Nuclear Medicine Techs Nursing (RN, LVN, Nurses Aids) Opticians Paramedics Pharmacy Techs Phlebotomists Physical Therapists Physician’s Assistants Physicians Radiological Techs Respiratory Techs

26 Sophisticated Warehousing Operations

27 Port Container Volumes On Pace For Import Record

28 E-Commerce Growth Rates Year Over Year by Quarter
1.1% 8.1%

29 Industrial Overwhelmingly In The Inland Empire

30 Logistics Powerful Job Growth
23% of New Jobs Median Pay $45,677

31 PM 2.5: Diesel Pollution -91.4%

32 Manufacturing: Should Be A Major Growth Source

33 California Manufacturing Job Growth Just 5.4% of U.S. Growth

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35 Inland Empire Manufacturing Jobs
5% of Job Growth Median Pay $49,567

36 Construction: Finally Coming Back

37 Home Price Trends -21.7% 91.3%

38 Long Term Competitive Price Advantage Still Exists

39 High Paying Sectors Jack Dangermond Ahmad Adel Al-Khatib

40 BA or Higher

41 Professionals, Mgmt., Utilities, Mining Slowly Coming Back
3.8% of Growth Median Pay $65,453

42 Low Paying Job Growth Retail, Consumer & Bus
Low Paying Job Growth Retail, Consumer & Bus. Services, Hotel, Eat & Drink Amusement, Agriculture, Employment Agency 40% of Job Growth Median Pay $28,927

43 Federal, State, Local Government
-3% of Job Growth Median Pay $57,984

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