Monday, June 20, 2005
California Employment & Unemployment
I was looking at the employement numbers for California for this May compared to last year.
Here are some interesting numbers for May of 2004 and 2005(preliminary) that I found on a State of California website:
Californian Workforce (Employed + Unemployed)
2005: 17,704,700
2004: 17,416,990
Difference: 287,710
Californian Employed
2005: 16,823,900
2004: 16,371,100
Difference: 452,800
So while the Total workforce grew 287,000, the number of employed grew a lot faster(452,800). So things are definitely going in the right direction. Unemployement is shrinking.
Then I took a look at some of the counties in the Bay Area to see how they were doing. Here's a snapshot of Santa Clara County (San Jose is the largest city in the county).
Santa Clara Workforce (employed + Unemployed)
2005:818,400
2004:821,000
Santa Clara Employed
2005:777,500
2004:767,600
In Santa Clara county, the number of employed has grown by 10,000 in the past year but the total workforce will not budge. The workforce in Santa Clara county is actually less than a year ago. Incoming relocations are not replacing the number of relocations out of the states, or people who are leaving the workforce. So with the total workforce shrinking slightly and employement improving, the unemployment rate is down.
Here are some interesting numbers for May of 2004 and 2005(preliminary) that I found on a State of California website:
Californian Workforce (Employed + Unemployed)
2005: 17,704,700
2004: 17,416,990
Difference: 287,710
Californian Employed
2005: 16,823,900
2004: 16,371,100
Difference: 452,800
So while the Total workforce grew 287,000, the number of employed grew a lot faster(452,800). So things are definitely going in the right direction. Unemployement is shrinking.
Then I took a look at some of the counties in the Bay Area to see how they were doing. Here's a snapshot of Santa Clara County (San Jose is the largest city in the county).
Santa Clara Workforce (employed + Unemployed)
2005:818,400
2004:821,000
Santa Clara Employed
2005:777,500
2004:767,600
In Santa Clara county, the number of employed has grown by 10,000 in the past year but the total workforce will not budge. The workforce in Santa Clara county is actually less than a year ago. Incoming relocations are not replacing the number of relocations out of the states, or people who are leaving the workforce. So with the total workforce shrinking slightly and employement improving, the unemployment rate is down.
