Job Growth, Labor Force Continue Expansion; Annual Labor Force Growth Still In Negative Territory
November 15, 2019—LOS ANGELES, CALIFORNIA—The latest figures released by the California EDD reveal that nonfarm employment in California expanded at a steady pace in October, growing by 23,600 jobs, according to an analysis released jointly by Beacon Economics and the UC Riverside School of Business Center for Economic Forecasting and Development. October’s gains are slightly below the state’s average monthly job expansion of 25,677 over the past twelve months. Since October 2018, California has added 308,000 jobs, which is equivalent to a 1.8% year-over-year increase, exceeding the nation’s growth rate of 1.4%.
California’s unemployment rate dipped to 3.9% in October, which represents a new record low. Still, declining labor force growth is a cause for concern. While the state’s labor force expanded for a second straight month, growing by 40,800 workers, since October 2018, California’s labor force has decreased by 0.3% or -57,400 workers.
“At 3.9%, California’s unemployment rate has dipped below 4% for the first time on record,” said Taner Osman, Research Manager at Beacon Economics and the UCR Center. “October’s figures also extend the record highs in the number of jobs in the state and reveal that employers in California have added over 300,000 jobs this year, a pace that exceeds the rate of growth in the national economy.”
- Government added more jobs than any other sector in October, boosting payrolls by 5,400 positions. State Government was the largest contributor to these gains, where 5,600 positions were added over the month. Since October 2018, Government payrolls have expanded by 1.4%, with State Government leading the way (2.8%), followed by Local Government (1.1%) and the Federal Government (0.8%).
- The Health Care and Leisure and Hospitality sectors also saw strong employment growth in October, adding 4,800 and 4,600 jobs, respectively. The Finance and Insurance (2,800), Real Estate (2,500), Manufacturing (2,300), Wholesale Trade (2,200), and Construction (2,100) sectors also posted gains in October.
- Over the period from October 2018 to October 2019, Construction has been the fastest growing industry, where employment has grown by 4.0%. Strong growth has also occurred in Educational Services (3.5%), Health Care (3.3%), Real Estate (2.6%) and Leisure and Hospitality (2.5%).
- Despite job growth in the state, payrolls decreased in a handful of sectors in October. Administrative Support posted the largest declines, where payrolls shrunk by 3,300. Despite the one-month decline, employment in the sector has grown by 2.4% since October 2018. Payrolls in Professional, Scientific, and Technical Services (-2,900) and Information (-1,800) also contracted in October. The Retail Trade sector is the only sector to have declined since October 2018, shrinking by 0.3% jobs from October 2018 to October 2019.
- Regionally, job growth was led by the San Francisco Bay Area. The East Bay saw the biggest gains, where payrolls grew by 2,900 during the month. San Francisco (MD) (2,800), Vallejo (700), and San Jose (500) also saw job gains. Over the past year, San Francisco (MD) (3.5%) saw the fastest job growth in the region, followed by San Jose (3.0%), San Rafael (MD) (2.8%), and the East Bay (2.2%).
- In Southern California, it was a mixed month. Ventura saw the biggest job gains, where payrolls increased by 1,200. Gains also occurred in El Centro (200) and San Diego (200). At the same time, payrolls declined by 3,400 in the Inland Empire. Over the past year, the Inland Empire (2.0%) and San Diego (2.05%) have experienced the fastest rate of job growth, followed by Los Angeles (MD) (1.3%) and Orange County (1.2%).
- In the Central Valley, Modesto saw the biggest gains, where payrolls increased by 1,200 positions. Fresno (700), Merced (700), Stockton (700), and Visalia (500) added jobs as well. Over the past 12 months, Merced (4.1%) saw the fastest growth, followed by Fresno (3.0%), Visalia (2.8%), and Madera (2.6%).
- In the Central Coast, San Luis Obispo led the way, where payrolls grew by 800 jobs over the month. In Salinas, 500 positions were added to local payrolls. Over the period from October 2018 to October 2019, Salinas (2.9%) added jobs at the fastest rate, followed by San Luis Obispo (1.9%), Santa Barbara (1.7%), and Santa Cruz (1.3%).
Beacon Economics is an independent economic research and consulting firm based in Los Angeles. The UCR School of Business Center for Economic Forecasting and Development is the first world class university forecasting center in the Inland Empire. This analysis was authored by Christopher Thornberg, Taner Osman, and Brian Vanderplas. Learn more at www.beaconecon.com and www.ucreconomicforecast.org.
IECE Presents its Inaugural State of Entrepreneur Report on Dec. 9
The first-ever State of Entrepreneurship Address for the Inland Empire is being held by the Cal State San Bernardino Inland Empire Center for Entrepreneurship on Thursday, Dec. 9, from 5-8 p.m. at 4th Sector Innovations in Ontario.
IECE’s goal in producing the State of Entrepreneurship research study is to bring the voice of local entrepreneurs to those who need to hear it most – local and state policymakers, community organizations, lenders, and other resource providers.
The Voice of the Entrepreneur survey, on which the address is based, sends powerful feedback on the challenges that entrepreneurs and business owners of the Inland Southern California region face.
Survey results were drawn out earlier this year by reaching out to IECE’s extensive network, consisting of more than 10,000 entrepreneurs and business owners representing a diverse group of industries. The IECE will continue to distribute the Voice of the Entrepreneur survey in the spring of each calendar year to find out what Inland Empire entrepreneurs and business owners are going through.
The report is a potent tool for policymakers, economic impact drivers, and business owners and entrepreneurs to analyze growth potential within the region. Using measurable data, the goal is to identify the challenges and opportunities facing local business owners and obstacles that may be impeding business growth.
The result is a concise report that gives insight into how we can effectively learn and evolve together with a regional focus.
The evening will start and end with networking and food; in between, the SOER report will be presented, which includes examining the indicators of entrepreneurial activity and how the IE measures up as a region; learning of the Voice of the Entrepreneur direct survey results and the common themes, as well as an IE Ecosystem assessment; and regional perspectives from influencers that include:
- Rod Vandenbos, founder and CEO, buzzbox beverages, Indio;
- Mike Napoli, Tech Coast Angels, Palm Springs;
- Edward Ornelas, Jr. President, Inland Empire Regional Chamber of Commerce
- Ana Karina Suchánek, president, Cask Restaurant Group, Inc., Rancho Cucamonga; and
- Pepi Jackson, president and CEO, Riverside Black Chamber of Commerce
Click the following link – Secure Your Spot for the 2021 State of Entrepreneurship Address – to attend, network and learn more about entrepreneurship in the region. Whether you are a seasoned or soon-to-be entrepreneur, there is a perspective for everyone who wants to know more about how to strengthen the Inland Empire economy.
The presentation will unveil breakthrough metrics and perspectives on the State of Entrepreneurship throughout the Inland Empire, including:
- Why a report like this is essential for the collective growth of our region;
- What the report consists of: indicators for entrepreneurship and what real entrepreneurs in our communities are telling us through our Voice of the Entrepreneur survey results; and
- Regional perspectives from influencers and officials that are active in our ecosystem.
The event will also include food and cocktails while networking within an inspirational setting at 4th Sector Innovations Ontario.
To learn more, visit the IECE State of Entrepreneurship Report website.
Southwest Airlines will fly from Ontario International Airport, CA, to Austin in 2022
The announcement from Southwest Airlines that it will fly daily nonstop from Ontario International Airport (ONT) to Austin (AUS) starting in March 2022 is welcome news for the Southern California gateway and the Inland Empire.
The announcement from Southwest Airlines that the low-cost carrier will fly daily nonstop from Ontario International Airport (ONT) to Austin (AUS) starting in March 2022 is welcome news for the Southern California gateway and the Inland Empire.
Southwest will offer flights between ONT and Austin-Bergstrom International Airport daily on the following schedule effective March 10, 2022.
|1204||ONT||AUS||10:55 a.m.||3:35 p.m.||Mon – Fri &|
|474||ONT||AUS||9:50 a.m.||2:30 p.m.||Sat||737-700|
|1739||AUS||ONT||4:35 p.m.||5:55 p.m.||Mon – Fri &|
|257||AUS||ONT||2:55 p.m.||4:10 p.m.||Sat||737-700|
The new flights are available for booking immediately at southwest.com.
“The addition of the Texas state capital to our route map is welcomed news and further indication of confidence by ONT’s largest air carrier,” said Alan D. Wapner, President of the OIAA Board of Commissioners. “It is also another sign that ONT’s recovery from the COVID-19 pandemic is well underway and gaining momentum.”
The announcement of the new Southwest flights comes as ONT continues to experience an impressive pandemic recovery. In August, ONT reported passenger traffic was within 7% of pre-COVID levels.
Family Fun Month of Rides, Slides & Glides
Alpine Slide Big Bear Observes Family Fun Month with a Variety of Delights
August is Family Fun Month, and Alpine Slide Big Bear (Alpine Slide) is the premier spot in Big Bear that gives families an opportunity to soak up the joys of summertime fun together. Alpine Slide provides guests of all ages, from toddlers to grandparents, a variety of family-fun offerings, which includes a double waterslide, a mountain coaster thrill ride, a zipline-style flight, the Alpine Slide bobsled experience, go-karts and miniature golf.
“The great thing about having a variety of attractions is it gives families a chance to pick and choose what best appeals to them,” said Alpine Slide Big Bear General Manager Julie Eubanks.
Family Fun Month occurs every August, and undoubtedly August happens to be one of the hottest months that many Southern California communities have to face each year. However, Big Bear is a great place to escape the daunting heat. Not only is Big Bear 20 to 30 degrees cooler than most of Southern California’s hot zones, but Alpine Slide’s double waterslide gives families who seek refuge from the heat an extra bonus to cool off. Kids can splash all day on two flumes of cascading water, turning and banking on the way to a 3 ½ – ft. deep, heated splash pool. Parents can spread a blanket out on the grass, or relax on the shaded, wrap-around deck at the base of the double waterslide.
“Alpine Slide is also home to three attractions that are the first and only in California, which includes the Mineshaft Coaster, the Soaring Eagle, and the Alpine Slide,” added Eubanks. “Each of these rides offers something unique and suitable for all ages.”
Mineshaft Coaster, which is the first and only mountain coaster in California, is an amusement-style, thrill ride that stretches over one mile long on a stainless-steel-tube track. It has all the bells and whistles of a roller coaster such as steep descents, hairpin turns, tunnels, bridges and 360-degree corkscrews. Here’s the kicker…the rider actually controls the speed of the coaster cart, which can reach max speeds of 30 mph.
The Soaring Eagle is a one-of-a-kind ride not seen anywhere else in California either. The Soaring Eagle has dual seats so a parent and child can ride side-by-side. It starts by lifting riders backwards on a zipline cable to a 70-foot tall launch tower. Once it reaches the top, it then catapults forward at 26 mph, on a 100-foot long vertical drop, that travels 500 feet back to the base. The Soaring Eagle not only offers folks an opportunity to experience the sensation of flying, but they are treated to a bird’s eye view of Big Bear Lake and surrounding mountain vistas, too.
Another distinctive attraction on site is the Alpine Slide, which is the only authentic bobsled /luge experience in California. Riders navigate their own individually controlled sleds down a quarter-mile long concrete track with high-banked turns and long straight-aways. Each sled is equipped with Teflon runners, ball bearing wheels, control handle and brakes. Youngsters who meet the height requirements can ride with their parents on this fun-filled feature ride.
Rounding off the family-fun activities at Alpine Slide is a go-kart track, putt-putt golf and video arcade. When it’s time for a break, head inside for an ice-cream cone. An ice-cream bar located at the snack bar offers 12 different tasty flavors to choose from, such as Banana Split, Cotton Candy or Birthday Cake!
Alpine Slide, located at 800 Wildrose Lane (just off Big Bear Blvd.), is open daily. The Summer hours of operation are Sunday through Thursday from 10 a.m.- 6 p.m. and Friday and Saturday from 10 a.m. to 9 p.m. For general information, height requirements, pricing and specific hours for each attraction, please visit AlpineSlideBigBear.com or call 909-866-4626.
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