Local Economic Report. Winter 2011
|
|
- Alyson Singleton
- 5 years ago
- Views:
Transcription
1 Local Economic Report Winter SONOMA COUNTY
2 Winter 11 Local Economic Report February 11 The Sonoma County Economic Development Board (EDB), in partnership with the Sonoma County Workforce Investment Board (WIB), is pleased to present the Winter 11 Local Economic Report. Our research partner, Moody s Analytics, provided most of the research for this report. Highlights from this Local Economic Report include: Sonoma County s recovery will strengthen in 11, led by tech, tourism and the new stability in wine-related industries. Accelerating job growth is forecasted to push the unemployment rate below 1% by the end of 11. Technology, particularly medical device firms, will drive growth in Sonoma County, especially as the world s elderly population increases and health care coverage is expanded. A smaller 1 wine grape harvest and improved consumer confidence and spending are two favorable indicators for Sonoma County s wine-based industries. Because of the extreme weather, inventories of 1 wines will be limited, which will allow high-priced wines to be profitable. House prices have avoided a sharp decline following the end of federal and state tax credits, but remain close to their low reached in the first half of 9. Thank you for your interest in the Economic Development Board s research. For additional information, questions, comments, or suggestions please contact us at (77) or visit. Sincerely, Ben Stone Executive Director 11 Sonoma County Economic Development Board. The Economic Development Board (EDB) believes all data contained within this report to be accurate and the most current available, but does not guarantee its accuracy or completeness. Use of data from an outside source does not represent an endorsement of any product or service by the EDB, its members or affiliates. This publication can be made available in alternative formats such as Braille, large print, audiotape, or computer disk. Please direct requests to (77) and allow 7 hours for your request to be processed. This report was prepared by Sarah C. Deming.
3 SONOMA COUNTY EMPLOYMENT VITALITY GROWTH RANK RELATIVE RANK % 138 =1% Best=1 Worst=38 5th quintile 9-1 RELATIVE COSTS LIVING BUSINESS th quintile 96% Best=1, Worst=39 17% =1% RELATIVE EMPLOYMENT PERFORMANCE (1995=1) F 11F 1F 13F 1F LIFE CYCLE PHASE Growth/Mature SON Indicators Gross metro product (C$B) % change Total employment () % change Unemployment rate Personal income growth Population () ,53 1,3 1,598 1, Single-family permits ,9 1,53 1, , Multifamily permits Existing-home price ($ths) ,77 11,619 1,695 1,1 7,51 5,1 7,39 Mortgage originations ($mil) 5,,857 3,38 3,687, Net migration () ,3 1,67 1, ,53,17 Personal bankruptcies,71,83,815,68,67 STRENGTHS & WEAKNESSES STRENGTHS Emerging technologies, including clean energy, add to core medical devices and network clusters. Highly educated workforce relative to California and the boosts income and spending levels. WEAKNESSES Earlier revenue declines keep winery and hotel defaults at elevated levels. Sharp job losses in finance and other officeusing employment are a drag on office markets. CURRENT EMPLOYMENT TRENDS NOVEMBER 1 % change yr ago, 3-mo MA Total Construction Manufacturing Trade Trans/Utilities Information Financial Activities Prof & Business Svcs. Edu & Health Svcs. Leisure & Hospitality Other Services Government FORECAST RISKS SHORT LONG RISK-ADJUSTED TERM TERM RETURN, % X X UPSIDE Developing and aging Asia provides growing markets for IT and medical device makers. Improving economic growth and consumer confidence increase wine sales and visitors. DOWNSIDE Decline in foreclosure rate slows, extending price declines further than forecast. Still-high vacancies and slow office-using job growth delay new construction. ANALYSIS Recent Performance. Sonoma County s recovery modest, recent improvements are spread throughout key tech, tourism, and wine industries. Small employment gains and a stabilizing labor force have pushed the unemployment rate closer to 1% higher than the but more than two percentage points below California s. Improvements in the county s real estate markets are modest. House prices have avoided a sharp decline following the end of federal and state tax credits, but of 9. Similarly, residential construction permits are no longer falling but remain at multi-decade lows. Tech. will remain a driver of growth as the world s elderly population increases and healthcare coverage is expanded in the Medtronic s Santa Rosa-based cardiovascular equipment division has received and foreign approval for two new medical devices Slowing growth in demand for IT equipment will lessen the positive contribution of the county s elec tronics manufacturers following the strong rebound - including strong interest for productivity-enhancing networking equipment manufactured in Sonoma County has helped to lower the industrial vacancy rate since the end of 9 by more than a percentage point, according to Keegan & Coppin Co. Outsourc ing risks further slowing the pace of tech s growth in the metro area. JDSU s Santa Rosa-based opticalcoating division opened a $ million plant in China in October to serve its growing Asian markets. Wine. Stronger growth in 11 includ- - ing and a smaller 1 wine grape harvest point toward an improved outlook for Sonoma County sales during the recession. Extreme summer and fall weather resulted in a large loss of wine grapes and will limit the inventories of 1 wines, helping bottles priced $ or more in November jumped - ing back up as it outpaced the total 6% increase in Tourism. also help Sonoma County s leisure and hospitality industries as business and personal travelers return to area hotels and resorts. Improvements have already occurred as evidenced by an estimated 7% to 8% increase in hotel revenues, according to the Sonoma County Tourism Bureau in 1. Passenwas also up 1% from a year ago. Despite the improved near-term outlook for tourism, demand for new hotels will take longer to recover. Although the number of county hotels in 13 remain in default keeping downward pressure on prices for existing properties. A permit for hotel construction has not been issued since 8. Sonoma County s recovery will strengthen in 11, led by tech and tourism and a long- awaited stability in wine-related industries. Accelerating job growth will push the unemployment rate maintain its high quality of life and desirability for high-skilled workers. However, high housing costs will keep the county as a below-average performer at times over the extended forecast. Eduardo J. Martinez February 11
4 TOP EMPLOYERS Kaiser Permanente, St. Joseph Health System 1,781 Agilent Technologies 1,35 Medtronic CardioVascular 1, Sutter Medical Center of Santa Rosa 1,97 Safeway, Inc. 1,8 Amy s Kitchen 9 River Rock Casino 66 Wal-Mart Stores, Inc. 65 Kendall-Jackson Wine Estates 6 AT&T 597 Mary s Pizza Shack 575 Washington Mutual 56 Lucky 55 5 Wells Fargo & Company 9 State Farm Insurance Company 75 Hansel Auto Group 7 JDS Uniphase Corporation 33 Korbel 6 Source: North Bay Business Journal: Book of Lists, January 1 PUBLIC Federal 1,667 State 5,6 Local 3,8 9 EMPLOYMENT & INDUSTRY 1% 8% 6% % % % Not due to INDUSTRIAL DIVERSITY Most Diverse (). Least Diverse EMPLOYMENT VOLATILITY Relative to 9% Due to COMPARATIVE EMPLOYMENT AND INCOME Sector % of Total Employment Average Annual Earnings SON CA SON CA Mining.1%.%.5% $,13 $1,5 $117,938 Construction 5.7%.%.6% $6,718 $66,97 $5,71 Manufacturing 11.7% 9.1% 9.1% $68,9 $8,96 $7,637 Durable 6.5% 6.3% 61.5% nd $91,1 $71,783 Nondurable 53.5% 37.7% 38.5% nd $69,73 $68,675 Transportation/Utilities.3% 3.% 3.7% $57,53 $6,91 $59,31 Wholesale Trade 3.9%.6%.3% $69,196 $75,63 $73,175 Retail Trade 1.% 1.8% 11.1% $3,867 $35,686 $9,661 Information 1.5% 3.%.1% $57,83 $16, $88,888 Financial Activities.5% 5.7% 5.9% $31,75 $8,69 $8,63 Prof. and Bus. Services 11.% 1.6% 1.7% $6,67 $66,11 $59,6 Educ. and Health Services 1.% 1.% 1.7% $5,55 $5,73 $7,833 Leisure and Hosp. Services 11.6% 1.6% 1.% $,76 $8,69 $,976 Other Services 3.6% 3.%.1% $,8 $3,735 $3,18 Government 17.5% 17.7% 17.% $63,73 $73,6 $63,6.8 Sources: Percent of total employment Moody s Analytics & BLS, 9; Average annual earnings BEA, 8 16 SON 1 MIGRATION FLOWS INTO SONOMA COUNTY NUMBER OF MIGRANTS San Francisco, CA,599 Oakland, CA 1,6 Sacramento, CA 711 Los Angeles, CA 6 Vallejo, CA 5 Napa, CA San Jose, CA 363 San Diego, CA 311 Riverside, CA 78 Santa Ana, CA 35 Total In-migration 13,99 FROM SONOMA COUNTY San Francisco, CA 1,9 Oakland, CA 976 Sacramento, CA 96 Napa, CA 395 Los Angeles, CA 39 Vallejo, CA 35 San Jose, CA 339 San Diego, CA 336 Portland, OR 9 Riverside, CA 7 Total Out-migration 13,386 Net Migration 113, 3,, 1, -1, -, -3, -, Net Migration, SON Domestic -5,7 -,73 1,38 1,855 Foreign 1,77 1,555 1,5 1,53 Total -3,6-518,96 3,378 Sources: IRS (top), 8; Census Bureau, MOODY S RATING HOUSE PRICES SON Source: FHFA, 1996Q1=1, NSA CREDIT QUALITY Aa1 COUNTY LEADING INDUSTRIES NAICS INDUSTRY EMPLOYEES () GVSL State & Local Government Full-Service Restaurants Beverage Manufacturing General Medical and Surgical Hospitals Grocery Stores Limited-Service Eating Places 5.3 FR Farms Traveler Accommodation 3.3 PH Private Household Workers Account., Tax Prep., Bkkeep. & Payroll Srvcs Services to Buildings and Dwellings Department Stores Employment Services. 38 Building Equipment Contractors. High-tech employment 8.7 As % of total employment.7 Sources: BLS, Moody s Analytics, 9 3 PER CAPITA INCOME 7,755,38,673 SON CA Source: Bureau of Economic Analysis, 8
5 Graphical Analysis Core Industries Begin to Lift Labor Market Unemployment rate, % 1 1 California Sonoma County Source: Bureau of Labor Statistics End of Federal Tax Credit Weighs on Housing Existing single-family house price, % change yr ago 3 California 1-1 Sonoma County Source: California Association of Realtors Loss of IT Manufacturing Jobs Moderates Sonoma County computer and electronics manufacturing employment % change yr ago (L) IT investment, $ bil SAAR (R) Sources: Bureau of Labor Statistics, Moody s Analytics Local Skills Are High but Trail Tech Areas Population over 5 yrs old with a bachelor s degree, %, 9 San Francisco Santa Clara Sonoma California Source: Census Bureau Counties Travelers Begin to Return to Sonoma County Sonoma County leisure and hospitality employment % change yr ago (L) consumer confidence index, 1985Q1=1 (R) E 11F 1F 13F Sources: Bureau of Labor Statistics, Conference Board, Moody s Analytics Demographic Drivers Improve Population Growth 6 5 Net domestic migration ths (L) 3 Population, % change (R) Source: California Department of Finance
6 5-Year Forecasts for Sonoma County Gross Metro Product, Percent Growth Personal Income, Percent Growth 5% 1% % 3% % 1% 8% 6% % % % -1% -% -3% -% % -% -% -5% '3 ' '5 '6 '7 '8 '9 '1F '11F '1F '13F '1F -6% '3 ' '5 '6 '7 '8 '9 '1F '11F '1F '13F '1F % 3% Total Employment, Percent Growth $, Mortgage Originations ($ Millions) % 1% % $15, -1% -% -3% $1, -% -5% -6% $5, -7% -8% '3 ' '5 '6 '7 '8 '9 '1F '11F '1F '13F '1F $ '3 ' '5 '6 '7 '8 '9 '1F '11F '1F '13F '1F Net Migration (Thousands) 3 Personal Bankruptcies '3 ' '5 '6 '7 Source All: Moody s Analytics '8 '9 '1F '11F '1F '13F '1F '3 ' '5 '6 '7 '8 '9 '1F '11F '1F '13F '1F 5
Local Economic Report
Local Economic Report Fall 21 21 SONOMA COUNTY Fall 21 Local Economic Report November 21 The Sonoma County Economic Development Board (EDB), in partnership with the Sonoma County Workforce Investment Board
More informationeconomy Local Economic Report
EDB Economic Development Board economy Local Economic Report Fall 9 E c o n o m i c D e v e l o p m e n t B o a r d 1 C o l l e g e Av e n u e S u i t e D S a n ta R o s a C A 9 5 1 7 7. 5 6 5. 7 1 7 www.sonomaedb.org
More informationLocal Economic Report
EDB Economic Development Board economy Local Economic Report Winter 29 E c o n o m i c D e v e l o p m e n t B o a r d 4 1 C o l l e g e Av e n u e S u i t e D S a n ta R o s a C A 9 5 4 1 7 7. 5 6 5.
More informationLocal Economic Report
EDB Economic Development Board economy Local Economic Report Fall 28 E c o n o m i c D e v e l o p m e n t B o a r d 4 1 C o l l e g e Av e n u e S u i t e D S a n ta R o s a C A 9 5 4 1 7 7. 5 6 5. 7
More informationFall Economic Development Board Volume 4, Issue 1, Fall Local Economic Report Series
Economic Development Board Volume 4, Issue 1, Fall 2005 Local Economic Report Series Fall 2005 www.sonomaedb.org Presented By Sonoma County Economic Development Board in partnership with Sonoma County
More informationSonoma County Local Economic Report Fall 2002
Sonoma County Local Economic Report Fall 22 Prepared By THE SONOMA COUNTY ECONOMIC DEVELOPMENT BOARD Ben Stone, Director The Sonoma County Economic Development Board is pleased to bring you the Fall 22
More informationThe pace of economic growth will not likely pick up until early to mid Longer term, Sonoma will be closer to an average performer.
Presented by the Sonoma County Economic Development Board, in partnership with the Sonoma County Workforce Investment Board Economic Development Board Fall 2006 Quarterly Economic Report In This Report:
More informationLocal Economic Report 2016 SONOMA COUNTY. Winter 2016 EDB ECONOMIC DEVELOPMENT BOARD
Local Economic Report Winter 2016 2016 SONOMA COUNTY SONOMA COUNTY EDB ECONOMIC DEVELOPMENT BOARD Winter 2016 Local Economic Report The Sonoma County Economic Development Board (EDB), in partnership with
More informationFinancial, Real Estate & Creative Industries Insider SONOMA COUNTY
Financial, Real Estate & Creative Industries Insider 2011 SONOMA COUNTY Financial, Real Estate & Creative Industries Insider March 2011 The Sonoma County Economic Development Board (EDB), in partnership
More informationFinancial, Real Estate & Creative 2012 SONOMA COUNTY. Industries Insider
Financial, Real Estate & Creative 2012 SONOMA COUNTY Industries Insider 2012 Financial, Real Estate & Creative Industries Insider The Sonoma County Economic Development Board (EDB), in partnership with
More informationLocal Economic Report 2015 SONOMA COUNTY. Fall 2015 EDB ECONOMIC DEVELOPMENT BOARD
Local Economic Report Fall 2015 2015 SONOMA COUNTY SONOMA COUNTY EDB ECONOMIC DEVELOPMENT BOARD Fall 2015 Local Economic Report The Sonoma County Economic Development Board (EDB), in partnership with the
More informationndustry Financial, Real Estate & Creative Industries 2010
EDB Sonoma County Economic Development Board ndustry Financial, Real Estate & Creative Industries 21 E c o n o m i c D e v e l o p m e n t B o a r d 4 1 C o l l e g e A v e n u e S u i t e D S a n t a
More informationEDB Sonoma County. Economic De velopment Board. economy. Sonoma County Business Barometer Q2 CY 2008
EDB Sonoma County Economic Development Board economy Sonoma County Business Barometer Q2 CY 2008 Economic De velopment Board 4 0 1 C o l l e g e Av e n u e S u i t e D S a n ta R o s a C A 9 5 4 0 1 707.565.7170
More informationSonoma County Quarterly
Economic Development Board Volume, Issue, Fall 2 Sonoma County Quarterly Local Economic Report I. Sonoma County Economic Profile - Employment - Industry - Income - Strengths and Weaknesses II. Trends and
More informationDr. Jeffrey Michael. Director, Center for Business and Policy Research University of the Pacific
2016 San Joaquin County Economic Outlook Dr. Jeffrey Michael Director, Center for Business and Policy Research University of the Pacific U.S. and California Economic Outlook: Themes Strengths U.S. consumption
More informationThe U.S. and California Is The Recovery Here at Last? UCLA Anderson School of
The U.S. and California Is The Recovery Here at Last? Jerry Nickelsburg Senior Economist UCLA Anderson Forecast State of the County January 20, 2010 SEPTEMBER 2008 In September 2008 Financial Markets Stopped
More informationThe Great Recession 1-2 Punch of Credit Crisis and Consumer Retrenchment
Economic Recovery: Wherefore Art Thou? Jon Haveman Chief Economist, BAC Economic Institute November 8, 1 The Great Recession 1- Punch of Credit Crisis and Consumer Retrenchment 6 GDP Growth (SAAR) and
More informationThe US and California Economic Outlook
Regional Economic Forum April 25, 2018 The US and California Economic Outlook Robert A. Kleinhenz, Ph.D. Economist/Executive Director of Research LLC Outline U.S. Economy State & Region Conclusion/Looking
More informationThe Economic Outlook
The Economic Outlook 5th Annual Meyers Research: Housing Market Outlook April 18, 2018 Robert A. Kleinhenz, Ph.D. Economist/Executive Director of Research LLC Outline U.S. Economy State Economy So Cal/Local
More informationOutlook 2018: IE and Southern California So Cal Economic Summit Corona Chamber of Commerce March 29, 2018
Outlook 2018: IE and Southern California 2018 So Cal Economic Summit Corona Chamber of Commerce March 29, 2018 Robert A. Kleinhenz, Ph.D. Economist/Exec Director of Research UCR Business Forecast Outline
More informationFinancial, Real Estate & Creative Industries Insider
Financial, Real Estate & Creative Industries Insider 2014 S O N O M A C O U N T Y 2014 Financial, Real Estate & Creative Industries Insider July 2014 The Sonoma County Economic Development Board (EDB),
More informationEconomic Forecast & Industry Outlook,
Analysis. Answers Economic Forecast & Industry Outlook, 2017-18 Robert A. Kleinhenz, Ph.D. Economist & Executive Director of Research Beacon Economics, LLC CBO Symposium November 17, 2017 Beacon Economics,
More informationIs the bounce for real? Christopher Thornberg Principal, Beacon Economics
Is the bounce for real? Christopher Thornberg Principal, Beacon Economics Will the real economy stand up? Where are we now? The good news: The recession is over The bad news: we haven t completely fixed
More informationCOMMERCIAL REAL ESTATE MARKET AND INDUSTRY OUTLOOK THE BIG PICTURE 2019 AND BEYOND
COMMERCIAL REAL ESTATE MARKET AND INDUSTRY OUTLOOK THE BIG PICTURE 2019 AND BEYOND 10-Year Economic Lookback 2007 The Height of the Last Cycle 25.4 Million Increase in Population Since 2007 10.4 Million
More informationPacific Northwest Economic Development Council Conference Mt. Hood, Oregon June 20, 2005
Pacific Northwest Economic Development Council Conference Mt. Hood, Oregon June 20, 2005 Gary C. Zimmerman, Senior Economist Federal Reserve Bank of San Francisco Gary.Zimmerman@sf.frb.org Overview National
More informationBUSINESS FORECASTING CENTER. May California & Metro UNIVERSITY OF THE PACIFIC EBERHARDT SCHOOL OF BUSINESS
BUSINESS FORECASTING CENTER May 2014 California & Metro UNIVERSITY OF THE PACIFIC EBERHARDT SCHOOL OF BUSINESS BUSINESS FORECASTING CENTER SPONSORED BY Del Norte Siskiyou Modoc We would like to recognize
More informationEconomic Data and Interest Rate Forecast
Economic Data and Interest Rate Forecast February 2018 (Data through February 14, 2018) Monthly highlights Nonfarm Payroll off to solid start in 2018 Year over year wage growth jumps Manufacturing sector
More informationReal gross domestic product
Real gross domestic product United States Compound annual growth rate 10 5 0-5 -10 80 82 84 86 88 90 92 94 96 98 00 02 04 06 08 Sources: Bureau of Economic Analysis, IHS Global Insight. Employment by sector
More informationOutlook Southwest Regional Economic Forecast Conference June 14, 2018
Outlook 2018 Southwest Regional Economic Forecast Conference June 14, 2018 Robert A. Kleinhenz, Ph.D. Economist/Exec Director of Research UCR Business Forecast Outline U.S. Economy California So Cal/Local
More informationS&P/Case Shiller index
S&P/Case Shiller index Home price index Index Jan. 2000=100, 3 month ending 240 220 200 180 160 10-metro composite 140 20-metro composite 120 100 80 2000 2001 2002 2003 2004 Sources: Standard & Poor's
More informationBusiness Confidence Report. Winter 2013
Business Confidence Report Winter 2013 2013 SONOMA COUNTY Winter 2013 Business Confidence Survey and Report February 2013 The Sonoma County Economic Development Board (EDB), in partnership with the Sonoma
More informationThe Five Retail Trends to Watch in January 14, 2015
The Five Retail Trends to Watch in 2015 January 14, 2015 U.S. ECONOMIC TRENDS Inflation Adjusted Crude Oil Prices Fall Below Long-Term Average Price per Barrel (Nov. 2014 Dollars) $160 $120 $80 $40 $0
More informationThe Great Recession 1-2 Punch of Credit Crisis and Consumer Retrenchment
US & CA Economic Recovery Jon Haveman Chief Economist, BAC Economic Ins2tute February 14, 2012 The Great Recession 1-2 Punch of Credit Crisis and Consumer Retrenchment 6 GDP Growth (SAAR) and % of Peak
More informationStruggling to Escape the Fallout of the Great Recession MARISA Di NATALE, MANAGING DIRECTOR
Struggling to Escape the Fallout of the Great Recession MARISA Di NATALE, MANAGING DIRECTOR FROM MOODY S ECONOMY.COM Broad-Based Slowing Across the Nation Total employment excluding federal government,
More informationSANTA CLARA VALLEY TRANSPORTATION AUTHORITY AD-HOC FINANCIAL RECOVERY COMMITTEE AGENDA
SANTA CLARA VALLEY TRANSPORTATION AUTHORITY AD-HOC FINANCIAL RECOVERY COMMITTEE Wednesday, March 10, 2010 3:00 P.M. VTA River Oaks Campus Auditorium 3331 North First Street San Jose, CA AGENDA 1. CALL
More informationSonoma County Local Economic Report
Sonoma County Local Economic Report Financial Services Financial, Insurance, & Real Estate Industries Local Employment Trends August Prepared By THE SONOMA COUNTY ECONOMIC DEVELOPMENT BOARD Ben Stone,
More informationCENTER FOR BUSINESS AND POLICY RESEARCH. May California & Metro UNIVERSITY OF THE PACIFIC EBERHARDT SCHOOL OF BUSINESS
CENTER FOR BUSINESS AND POLICY RESEARCH May 2017 California & Metro UNIVERSITY OF THE PACIFIC EBERHARDT SCHOOL OF BUSINESS CENTER FOR BUSINESS AND POLICY RESEARCH Del Norte Siskiyou Modoc Humboldt Trinity
More informationNEW ENGLAND ECONOMIC OUTLOOK
NEW ENGLAND ECONOMIC OUTLOOK Lincoln Institute of Land Policy Economic Perspectives on State and Local Taxes May 11, 2018 Mary A. Burke Senior Economist New England Public Policy Center Federal Reserve
More informationCENTER FOR BUSINESS AND POLICY RESEARCH. May California & Metro UNIVERSITY OF THE PACIFIC EBERHARDT SCHOOL OF BUSINESS
CENTER FOR BUSINESS AND POLICY RESEARCH May 2016 California & Metro UNIVERSITY OF THE PACIFIC EBERHARDT SCHOOL OF BUSINESS CENTER FOR BUSINESS AND POLICY RESEARCH Del Norte Siskiyou Modoc Humboldt Trinity
More informationBUSINESS FORECASTING CENTER. January California & Metro UNIVERSITY OF THE PACIFIC EBERHARDT SCHOOL OF BUSINESS
BUSINESS FORECASTING CENTER January 2015 California & Metro UNIVERSITY OF THE PACIFIC EBERHARDT SCHOOL OF BUSINESS BUSINESS FORECASTING CENTER SPONSORED BY Del Norte Siskiyou Modoc We would like to recognize
More informationAn abnormally-slow December caps off the year with a range of bright spots as well as challenges. U.S. employment situation: September 2013
An abnormally-slow December caps off the year with a range of bright spots as well as challenges U.S. employment situation: September 2013 U.S. Release employment date: October situation: 22, December
More informationEDB. At Long Last, Normalization and Expansion Moody s Economic Outlook for Sonoma County S O N O M A C O U N T Y SONOMA COUNTY
At Long Last, Normalization and Expansion 2015 Moody s Economic Outlook for Sonoma County S O N O M A C O U N T Y SONOMA COUNTY EDB ECONOMIC DEVELOPMENT BOARD Table of Contents Sonoma County Outlook U.S
More informationEconomic Vitality and Fiscal Health6. Cabrillo College
Economic Vitality and Fiscal Health6 Cabrillo College Economic Vitality and Fiscal Health A sustainable community has a vibrant local economy with good jobs and commercial services for area residents.
More informationU.S. Economic Overview: Implications for So. Cal. And Arizona Metros
U.S. Economic Overview: Implications for So. Cal. And Arizona Metros Ross DeVol Chief Research Officer Milken Institute Presented to Kindercare 9/24/213 U.S. Overview Labor markets: improving but slow
More informationCounty of Sonoma: Local Economic Report
EDB Economic Development Board economy -11 County of Sonoma: Local Economic Report E c o n o m i c D e v e l o p m e n t B o a r d 4 0 1 C o l l e g e Av e n u e S u i t e D S a n ta R o s a C A 9 5 4
More informationWashington Area Economy: Performance and Outlook
Washington Area Economy: Performance and Outlook Center for Regional Analysis Schar School of Policy and Government George Mason University June 18, 218 U.S. Gross Domestic Product 6. Quarterly Change
More informationWashington Area Economy: Performance and Outlook
Washington Area Economy: Performance and Outlook Center for Regional Analysis Schar School of Policy and Government George Mason University August 22, 218 6. U.S. Gross Domestic Product Quarterly Change
More informationMultifamily Research. Market Report Fourth Quarter Bay Area Metros
Multifamily Research Market Report Fourth Quarter 2017 Bay Area s Incredibly Tight Labor Markets Encouraging Renter Demand; Peak Supply Coming Online Lowest unemployment rate in nearly 20 years spurring
More informationRobert D. Cruz, PhD, Chief Economist
Robert D. Cruz, PhD, Chief Economist Office of Economic Development and International Trade Miami-Dade County cruzr1@miamidade.gov / www.miamidade.gov/oedit Office of Economic Development and International
More informationSonoma County Labor Market Review Annual Report
EDB Sonoma County Economic Development Board economy Sonoma County Labor Market Review 2006-2007 Annual Report Economic Development Board 401 College Avenue Suite D Santa Rosa CA 95401 707.565.7170 EDB
More informationCENTER FOR BUSINESS AND POLICY RESEARCH. January California & Metro UNIVERSITY OF THE PACIFIC EBERHARDT SCHOOL OF BUSINESS
CENTER FOR BUSINESS AND POLICY RESEARCH January 2017 California & Metro UNIVERSITY OF THE PACIFIC EBERHARDT SCHOOL OF BUSINESS CENTER FOR BUSINESS AND POLICY RESEARCH Del Norte Siskiyou Modoc Humboldt
More informationRobert D. Cruz, PhD, Chief Economist Miami-Dade County 305-375-1879 cruzr1@miamidade.gov www.miamidade.gov/economicdevelopment Department of Regulatory and Economic Resources Page 1 Local economic indicators
More informationWashington Area Economy: Performance and Outlook
Washington Area Economy: Performance and Outlook Center for Regional Analysis Schar School of Policy and Government George Mason University April 8, 219 U.S. Gross Domestic Product 6. Quarterly Change
More informationCalifornia Economic Overview Fall 2013
California Economic Overview Fall 2013 Presented by Jon Haveman, Ph.D. Marin Economic Forum Contents Key Findings 3 California Outperforms Nation Normally 4 California Returns 5 Real Estate is Hot in California
More informationFinancial, Real Estate & Creative Industries Insider 2016 SONOMA COUNTY
Financial, Real Estate & Creative Industries Insider 2016 SONOMA COUNTY 2016 Financial, Real Estate & Creative Industries Insider The Sonoma County Economic Development Board (EDB), in partnership with
More information2016 CALIFORNIA ECONOMIC & MARKET FORECAST. November 18, 2015 Newport Beach AOR Leslie Appleton-Young, Vice President & Chief Economist
2016 CALIFORNIA ECONOMIC & MARKET FORECAST November 18, 2015 Newport Beach AOR Leslie Appleton-Young, Vice President & Chief Economist New Legal Hotline App App Available NOW! The Future 2016 FORECAST
More informationINLAND EMPIRE REGIONAL INTELLIGENCE REPORT. School of Business. Fourth Quarter 2018 CENTER FOR ECONOMIC FORECASTING & DE VELOPMENT
INLAND EMPIRE REGIONAL INTELLIGENCE REPORT Fourth Quarter 2018 School of Business CENTER FOR ECONOMIC FORECASTING & DE VELOPMENT INTRODUCTION 2018 was another strong year for the Inland Empire. The region
More informationThe U.S. and California A Bifurcated Recovery
Sonoma County State of The County Conference The U.S. and California A Bifurcated Recovery Jerry Nickelsburg Senior Economist and Lecturer UCLA Anderson Forecast January 13, 2012 1 The U.S. Economy Main
More informationPresented by: Shayna Olesiuk, Regional Manager, FDIC Division of Insurance and Research (415)
Arizona Economic Overview May 2, 2012 Presented by: Shayna Olesiuk, Regional Manager, FDIC Division of Insurance and Research SOlesiuk@fdic.gov (415) 808-7962 The views expressed are those of the presenter
More informationJOB SITUATION INCOME. 3 rd Quarter 2015 PITTSBURGH
3 rd Quarter PITTSBURGH JOB SITUATION The Pittsburgh market area will continue to experience slow and steady economic growth through the remainder of and into next year. The market area s employment is
More informationData current as of: April 4, % 10.0% 8.0% 6.0% 4.0% 2.0% 250, , , ,000 50, , , , , ,000
Forecast current as of: January 213 Economic Indicators U.S. unemployment decreased to 7.7% in February from 7.9% last month, as nonfarm payroll employment increased by 236,. In the previous 3 months,
More informationBanks at a Glance: Economic and Banking Highlights by State 2Q 2018
Economic and Banking Highlights by State 2Q 2018 These semi-annual reports highlight key indicators of economic and banking conditions within each of the nine states comprising the 12th Federal Reserve
More informationCENTER FOR BUSINESS AND POLICY RESEARCH. January California & Metro UNIVERSITY OF THE PACIFIC EBERHARDT SCHOOL OF BUSINESS
CENTER FOR BUSINESS AND POLICY RESEARCH January 2016 California & Metro UNIVERSITY OF THE PACIFIC EBERHARDT SCHOOL OF BUSINESS CENTER FOR BUSINESS AND POLICY RESEARCH Del Norte Siskiyou Modoc Humboldt
More informationData current as of: August 5, ,200,000 1,000, , , , , , , , , , , ,000
Forecast Version: Spring 216 Economic Indicators The Bureau of Labor Statistics reported a total nonfarm payroll employment increase of 287, in June with the unemployment rate rising.2% to 4.9%. The jobs
More informationTRENDS IN DELINQUENCIES AND FORECLOSURES IN CALIFORNIA
TRENDS IN DELINQUENCIES AND FORECLOSURES IN CALIFORNIA April 2009 Community Development Department, Federal Reserve Bank of San Francisco Outline of Presentation National Trends Rising foreclosures House
More informationDISTRICT OF COLUMBIA S N A P S H O T A MONTHLY UPDATE OF OF THE FIFTH DISTRICT ECONOMY FEDERAL RESERVE BANK OF RICHMOND. May 2018
S N A P S H O T May 1 May Summary Economic reports on the were mostly positive in recent months. Household conditions and housing markets generally improved while employers added a small number of jobs
More informationWas it all for N 0 u g h t? The 00 Decade and the Year Ahead. Tony Pierson Cornerstone Real Estate Advisers LLC. Real Estate Conference
Disclaimer This presentation is not intended to be and does not constitute investment advice. This is provided as an accommodation and shall not be relied upon as investment advice. This presentation includes
More information2017 State of the North San Joaquin Val ey SPONSORED BY
2017 State of the North San Joaquin Valley SPONSORED BY Welcome! Stacy McAfee, Ed. D. Associate Vice President for External Relations, Strategic Partnerships and Presidential Initiatives University of
More informationPUBLIC DISCLOSURE. March 5, 2012 COMMUNITY REINVESTMENT ACT PERFORMANCE EVALUATION. Bay Commercial Bank RSSD #
PUBLIC DISCLOSURE March 5, 2012 COMMUNITY REINVESTMENT ACT PERFORMANCE EVALUATION Bay Commercial Bank RSSD # 3281510 1280 Civic Drive, Suite 100 Walnut Creek, California 94596 Federal Reserve Bank of San
More informationNORTH TEXAS ECONOMY Emily Kerr Federal Reserve Bank of Dallas October 19, 2017
NORTH TEXAS ECONOMY Emily Kerr October 19, 217 The views expressed are of the speaker and should not be attributed to the Dallas Fed or the Federal Reserve System. North Texas Overview Home to over 7.2
More informationEmerging Trends in the Regional Economy
Emerging Trends in the Regional Economy Alison Felix Economist & Branch Executive Federal Reserve Bank of Kansas City Denver Branch The views expressed are those of the presenter and do not necessarily
More informationPUBLIC DISCLOSURE. August 20, 2007 COMMUNITY REINVESTMENT ACT PERFORMANCE EVALUATION Tasman Drive Santa Clara, California 95054
PUBLIC DISCLOSURE August 20, 2007 COMMUNITY REINVESTMENT ACT PERFORMANCE EVALUATION Silicon Valley Bank RSSD #802866 3003 Tasman Drive Santa Clara, California 95054 Federal Reserve Bank of San Francisco
More informationTexas Economic Outlook: Strong Growth Continues
Texas Economic Outlook: Strong Growth Continues Keith Phillips Assistant Vice President and Senior Economist 1/23/18 The views expressed in this presentation are strictly those of the presenter and do
More informationWestern Economic. evelopments IN THIS ISSUE. District economies gain momentum in early Job growth intensifies and spreads
IN THIS ISSUE F E D E R A L R E S E R V E B A N K O F S A N F R A N C I S C O Western Economic Developments District economies gain momentum in early Figure : Nonagricultural payroll growth by state (annualized
More informationDealing with a Difficult Economy
Dealing with a Difficult Economy CATTC Jack Kyser Sr. VP & Chief Economist, LAEDC June 12, 2008 The R Word or Not? LOTS OF HURDLES FOR THE U.S. ECONOMY Housing -- when will it recover? Credit problems
More informationCALIFORNIA ECONOMIC OUTLOOK
CALIFORNIA ECONOMIC OUTLOOK Bank of the West Economics Executive Summary Job growth in California has exceeded national job growth for the past 80 months through October, a testament to the continued strength
More informationThe Arkansas Economic Outlook
The Arkansas Economic Outlook Dr. Michael Pakko Chief Economist and State Economic Forecaster Institute for Economic Advancement, UALR November 5, 2015 Disclaimer: The views expressed are my own, and do
More informationEconomic Update. Air & Waste Management Association. Georgia Chapter. Michael Chriszt Federal Reserve Bank of Atlanta October 4, 2013
1 Economic Update Air & Waste Management Association Georgia Chapter The views expressed here are not necessarily those of the FOMC, the Federal Reserve Bank of Atlanta, or the Federal Reserve System.
More informationWashington Area Economy: Performance and Outlook
Washington Area Economy: Performance and Outlook Presentation to: Southeast Fairfax Development Corporation Mount Vernon Lee Chamber of Commerce Terry L. Clower, Ph.D. Director, Center for Regional Analysis
More informationWill the Recovery Ever End? Boulder Economic Forecast
Will the Recovery Ever End? Boulder Economic Forecast Place cover image here Richard Wobbekind Senior Economist and Associate Dean for Business and Government Relations January 17, 219 #COBizOutlook Real
More informationBanks at a Glance: Economic and Banking Highlights by State 4Q 2017
Economic and Banking Highlights by State 4Q 2017 These semi-annual reports highlight key indicators of economic and banking conditions within each of the nine states comprising the 12th Federal Reserve
More informationThe Great Recession 1-2 Punch of Credit Crisis and Consumer Retrenchment
Economic Recovery: Wherefore Art Thou? Jon Haveman Chief Economist, BAC Economic Institute October, 211 The Great Recession 1-2 Punch of Credit Crisis and Consumer Retrenchment 6 GDP Growth (SAAR) and
More informationKeith Phillips, Sr. Economist and Advisor
The Outlook for the Texas Economy Keith Phillips, Sr. Economist and Advisor National Economic Overview Growth in US Economy Positive But Sluggish Market working to heal itself asset prices falling, inflation
More informationWestern Economic Developments
IN THIS ISSUE F E D E R A L R E S E R V E B A N K O F S A N F R A N C I S C O Western Economic Developments A tale of three cities: Portland, San Francisco, and Seattle Figure : Trends in total nonfarm
More informationThe Real Estate Report Volume 41, Number 2 Fall 2017 GENERAL SUMMARY
OVERVIEW GENERAL SUMMARY What are the demographic patterns of the market? What does the inventory look like? What are the characteristics of the labor market and the income patterns? In the long history
More informationThe Great Recession. Recovery: Uneven, But Gaining Steam! 2/15/11. Jon Haveman Owner, Compass Economics SPUR January 25, 2010
Recovery: Uneven, But Gaining Steam! Jon Haveman Owner, Compass Economics SPUR January 25, 21 The Great Recession 1-2 Punch of Credit Crisis and Consumer Retrenchment GDP Growth (SAAR) to Q3-1 8 6 4 2
More informationU.S. Economic and Medical Office Market Overview and Outlook. November, 2014
2014 U.S. Economic and Medical Office Market Overview and Outlook November, 2014 Economic & Demographic Overview U.S. GDP Growth and Health Care Spending Trends GDP Health Care Expenditures Annualized
More informationHousing Recovery is Underway, But Not for Everyone
Housing Recovery is Underway, But Not for Everyone Eric Belsky August 2013 Dallas, TX Housing Markets Have Corrected In Significant Ways Both price and quantity reductions have occurred Even after price
More informationEmerging Trends in the U.S. and Colorado Economies
Emerging Trends in the U.S. and Colorado Economies Sam Chapman Associate Economist Federal Reserve Bank of Kansas City Denver Branch The views expressed are those of the presenter and do not necessarily
More informationFOR RELEASE: December 6, :00 p.m. The Recovery Creeps Along
Chapman University A. Gary Anderson Center for Economic Research FOR RELEASE: December 6, 2011 2:00 p.m. CONTACT: James Doti, President and Donald Bren Distinguished Chair of Business and Economics, at
More informationThe Housing Market and the Macroeconomy. Karl E. Case. University of North Carolina February 18, 2010
The Housing Market and the Macroeconomy Karl E. Case University of North Carolina February 18, 2010 Briefly describe some of the connections between the housing market and the Macroeconomy Discuss how
More informationPolling Question 1: Should the first-time home buyer tax credit of $8,000 be extended past November 30, 2009?
Polling Question 1: Should the first-time home buyer tax credit of $8, be extended past November 3,? 1. No 2. Yes, keep to $8, 3. Yes, increase to $15, and expand to all Polling Question 2: Which mortgage
More informationData Digest: Georgia. July 2011
Data Digest: Georgia July 2011 Georgia s economic performance continues to mirror that of the United States. About the Coincident Economic Indicator Jan 2001 = 100 115 Coincident Economic Indicator May
More informationU.S. Lodging Industry Update. Are You Tired of Being at the Peak?
U.S. Lodging Industry Update Question for Jan: Are You Tired of Being at the Peak? R. Mark Woodworth CBRE Hotels Americas Research March 23, 2017 Bright Horizons.. Dusty Dawns.. U.S. Lodging Industry Update
More informationAppendix A REAL ESTATE MARKET DEMAND ESTIMATE METHODOLOGY
Appendix A REAL ESTATE MARKET DEMAND ESTIMATE METHODOLOGY This section provides information on the methodology that Bay Area Economics (BAE) used to quantify the potential market support for new residential,
More informationThe State of the Nation s Housing Report 2017
The State of the Nation s Housing Report 217 Tennessee Governor s Housing Conference Nashville, Tennessee September 2, 217 The Report s Major Themes National home prices have regained their previous peak,
More information2019 Outlook. January
2019 Outlook January 2019 0 Performance in the multifamily market remained healthy during 2018 and is expected to continue into 2019, but with more modest growth in comparison to recent years. The multifamily
More informationECONOMIC OUTLOOK AND THE US LODGING INDUSTRY. Aran Ryan Director Tourism
ECONOMIC OUTLOOK AND THE US LODGING INDUSTRY Aran Ryan Director aran.ryan@tourismeconomics.com @AranRyan1 March 22, 2017 Some historical perspective Room demand expansion continues Pace of demand growth
More informationNEW ENGLAND ECONOMIC OUTLOOK
NEW ENGLAND ECONOMIC OUTLOOK 16 th Annual Regional & Community Bankers Conference Federal Reserve Bank of Boston November 16, 2017 Mary A. Burke Senior Economist Federal Reserve Bank of Boston Disclaimer:
More informationPUBLIC DISCLOSURE. July 30, 2012 COMMUNITY REINVESTMENT ACT PERFORMANCE EVALUATION. AltaPacific Bank RSSD #
PUBLIC DISCLOSURE July 30, 2012 COMMUNITY REINVESTMENT ACT PERFORMANCE EVALUATION RSSD #3453737 3725 Westwind Boulevard, Suite 100 Santa Rosa, California 95403 Federal Reserve Bank of San Francisco 101
More information