Presentation is loading. Please wait.

Presentation is loading. Please wait.

John Husing, Ph.D. Economics & Politics, Inc. Chief Economist, IEEP Inland Empire Prosperity... Educational Challenges With It!

Similar presentations


Presentation on theme: "John Husing, Ph.D. Economics & Politics, Inc. Chief Economist, IEEP Inland Empire Prosperity... Educational Challenges With It!"— Presentation transcript:

1 John Husing, Ph.D. Economics & Politics, Inc. Chief Economist, IEEP Inland Empire Prosperity... Educational Challenges With It!

2 After Losing 8.71 Million Jobs … U.S. Jobs Long Slow Growth - Not Over-Heating

3 Petroleum Prices Helps Families In Modest Income Areas

4 Value of the Dollar: Helps Imports & Hurts Exports 23.6% 100.0

5 Consumer Confidence, 2009-2015 Needed To Help Homes Sales

6

7 California Wage & Salary Employment: A Record Level

8 California Job Gains/Losses 2008-2010 -1,066,400 Great Recession 2011-2015 +1,942,491 Up +879,733 82.7% Up Recovery

9

10 Very Rapid Job Growth: 3 Straight Years! 2011-2016p Gained Back 250,502 vs. 142,933 Lost 107,576 More Jobs Will Have Been Created!

11 Inland Empire Growth was the 2 nd Largest Absolute Job Gain in California in 2014!

12 IE Unemployment Rate: Closing In on the National Level

13 The Over-riding Issue: Poverty

14 Gold Mine Theory Primary Tier Secondary Tier

15 Educational Challenge For Adults & Their Children Time To Stop Talking & Do Something About This!

16 Public & Private Education Growing As Budgets Heal 2011- 2015 5% of Job Growth K-12 Median Pay$41,557 2011- 2015 1% of Job Growth High Ed Median Pay$60,465

17 Health Care

18 Health Care Jobs: Continuous Growth 2011-2015 12% of Job Growth Median Pay $57,443 2013-2014 Growth of 4,000 Jobs Physicians Other Ambulatory Care Hospitals Residential Care 1,2001,50001,300 4.4%4.7%0.0%5.6%

19 Logistics Flow of Goods

20 Port Container Volumes Strong Even With January Labor Slowdown

21 Fulfillment Warehousing

22 E-Commerce Growth Rates Year Over Year by Quarter

23 Industrial Construction Four Qtrs. IE Net Absorption: 17.4 million Sq. Ft.

24 Net Industrial Space Absorption 17.4 million

25 Industrial Vacancy Rate 3.6%

26 Logistics Incredibly Important To Inland Empire’s Economic Health 2011-2015 Mary 23% of New Jobs Remember: Every Gold Mine Job Also Funds Another Secondary Tier Job

27 PM 2.5: Diesel Pollution -95.6%

28 Manufacturing: Should Be A Major Growth Source

29 California Manufacturing Job Growth Just 4.0% of U.S. Growth

30

31 CA Is Not Loved By Executives & Entrepreneurs

32 Inland Empire Manufacturing Jobs 2011-2015 4% of Job Growth Median Pay $49,138

33 Construction: Finally Coming Back

34 Notices of Default At Low Levels (878 in June 2015) Negative Equity Has Dropped 4 th Qtr 2009- 1 st Qtr 2015 54.9% to 13.9%

35 Home Price Trends 60.2% -27.2% 2014,

36 Long Term Competitive Price Advantage Still Exists

37 Affordability to Median Income Household I. Empire: 47%-53% LA: 31%-69% Orange: 22%-78%

38 Home Sales Volume Finally Some Upward Motion

39 Construction Jobs: Finally Growing Median Pay $51,923 2011-2015 11% of Job Growth

40 High-End & Office Based Jobs Film & CommercialsEngineeringLegal & Accounting Police & FireHealth CareScience & Information

41 Higher End Homes Draw Well Educated Workers $585,199 $427,095 $484,914 UPLAND EASTVALE $468,269 $465,778 $459,000 CORONA $429,667 TEMECULA $344,095$393,603 $568,700 Claremont $357,037$345,243 Loma Linda

42 Migration of Educated Workers

43 Still Relatively Low Share of BA or Higher

44 Diveristy Challenge

45 Professionals, Mgmt., Utilities, Information, Mining Slowly Coming Back Median Pay $55,308 2011-2015 4.1% of Growth

46 Office Space Net Absorption 475,000

47 Office Vacancy Rate 15.8%

48

49 Financial Sectors, Slow Comeback Median Pay $48,010 2011-2015 2% of Job Growth

50 Gold Mine Theory Primary Tier Secondary Tier

51 Low Paying Job Growth Retail, Consumer & Bus. Services, Hotel, Eat & Drink Amusement, Agriculture, Employment Agency 2011-2015 45% of Job Growth Median Pay $28,475

52 Federal, State, Local Government Still Not Recovered Median Pay $57,529 2011-2015 -5% of Job Growth

53 I.E. Well Into Recovery 2011-2016p Gained Back 250,502 vs. 142,933 Lost 107,576 More Jobs Will Have Been Created!

54 www.johnhusing.com


Download ppt "John Husing, Ph.D. Economics & Politics, Inc. Chief Economist, IEEP Inland Empire Prosperity... Educational Challenges With It!"

Similar presentations


Ads by Google