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John Husing, Ph.D. Economics & Politics, Inc. Chief Economist, IEEP
Inland Empire Prosperity . . . John Husing, Ph.D. Economics & Politics, Inc. Chief Economist, IEEP
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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
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Value of the Dollar: Helps Imports & Hurts Exports
100.0 %
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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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Inland Empire Population
Greater Than 25 of 50 States Growth: 6.2%
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Inland Empire Economy Gaining Strength!
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Job Quality
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Inland Empire Growth was the 2nd Largest Absolute Job Gain in California in 2015!
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Unemployment Rates
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The Issue: Poverty
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Diversity Challenge
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Gold Mine Theory Secondary Tier Primary Tier
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Educational Challenge For Adults & Their Children
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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
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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)
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General Hiring Themes Demonstrated Teamwork Hands-on Experience
Academic Knowledge Career Technical Education
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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)
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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
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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
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Who Can Meet Training Requirements?
Private Sector Non-Profits Community Colleges K-12 Adult Schools ROP
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Health Care
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Health Care Jobs: Continuous Growth
11% of Job Growth Median Pay $54,261
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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
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Sophisticated Warehousing Operations
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Port Container Volumes On Pace For Import Record
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E-Commerce Growth Rates Year Over Year by Quarter
1.1% 8.1%
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Industrial Overwhelmingly In The Inland Empire
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Logistics Powerful Job Growth
23% of New Jobs Median Pay $45,677
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PM 2.5: Diesel Pollution -91.4%
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Manufacturing: Should Be A Major Growth Source
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California Manufacturing Job Growth Just 5.4% of U.S. Growth
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Inland Empire Manufacturing Jobs
5% of Job Growth Median Pay $49,567
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Construction: Finally Coming Back
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Home Price Trends -21.7% 91.3%
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Long Term Competitive Price Advantage Still Exists
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High Paying Sectors Jack Dangermond Ahmad Adel Al-Khatib
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BA or Higher
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Professionals, Mgmt., Utilities, Mining Slowly Coming Back
3.8% of Growth Median Pay $65,453
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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
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Federal, State, Local Government
-3% of Job Growth Median Pay $57,984
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