The East Bay Weekly Wages

Transcription

1 The East Bay Weekly Wages Focus on Post-Recession Recovery Q Update Produced by: Marin Economic Consulting March 5, 206 Jon Haveman, Principal or Jon@MarinEconomicConsulting.com Contents Descriptions and References 2 Overview of Wage Changes Since Onset of Recession 3 Weekly Wages Over Time 4 Graphical Display of Weekly Wage Evolution by Industry (Super Sector) 5

2 Descriptions and References Regional Definition: The East Bay region consists of: Alameda and Contra Costa counties in Northern California. The contents of this report illustrate the evolution of The East Bay wage patterns over time. This report presents: Wages: Average weekly wages for the industry in the region. They are inflation adjusted to current dollars using: Consumer Price Index for All Urban Consumers: All Items, from the FRED Database maintained by the St. Louis Federal Reserve Bank. The data underlying this report are from the Bureau of Labor Statistics: Quarterly Census of Employment and Wages (QCEW). These data are available on a quarterly basis, generally with a 5 month lag from the end of the quarter to the release of the data. QCEW: The Quarterly Census of Employment and Wages (QCEW) program publishes a quarterly count of employment and wages reported by employers covering 98 percent of U.S. jobs, available at the county, MSA, state and national levels by industry. ttp:// Time Period: The date extend from Q-990 through Q Seasonality: There is a significant seasonal component to many industries. The QCEW data are not seasonally adjusted. Rather than seasonally adjusting the data, most comparisons in this report are between the same quarter in different years. The data presented are therefore the actual employment levels and wages (inflation adjusted) compared across years. A particular focus of this report is on the post-great Recession recovery. This is accomplished by comparing the most recent quarter of data to the same quarter in 2007, the last non-recessionary year for most of California and the United States. Notes: Notes: There are occasions where the data displayed seem to reflect implausible increases in either employment or wages. These changes are as reported in the QCEW data. For a closer look at these changes, please contact: Jon@MarinEconomicConsulting.com 2

3 Overview of Wage Changes Since the Onset of the Great Recession Information Professional and business services Public administration Manufacturing Financial activities Natural resources and mining Construction Education and health services Trade, transportation, and utilities Unclassified Other services Leisure and hospitality The East Bay Weekly Wages For: Q4-07 and Q ,000,500 2, Q2 $ Q4-07 Q2-5 Table: Quarterly Summary for Q Levels in Q Change vs Q 3 in 2007 Relative to: Relative to: Sector Employment Wages Bay U.S. Employment Wages Bay U.S. Information 23, 360 2, , Professional and business services 82, 930, , Public administration 36, 890, , Manufacturing 86, 865, , Financial activities 49, 637, , Construction 65, 079, , Natural resources and mining 2, 248, All industries, 073, 428, , Education and health services 25, 868, , Trade, transportation, and utilities 20, 932, , Unclassified 5, , Other services 36, , Leisure and hospitality 2, , Total 2, 38, 043 Source: BLS, QCEW; Calculations by Marin Economic Consulting 3

4 Weekly Wages Over Time Table: Summary of Weekly Wages versus the Bay Area as A Whole Q Relative Wages: Q 3 of Each Year Sector Employment Wages Information 23, 360 2, Professional and business services 82, 930, Public administration 36, 890, Manufacturing 86, 865, Financial activities 49, 637, Construction 65, 079, Natural resources and mining 2, 248, All industries, 073, 428, Education and health services 25, 868, Trade, transportation, and utilities 20, 932, Unclassified 5, Other services 36, Leisure and hospitality 2, Source: BLS, QCEW; Calculations by Marin Economic Consulting Table: Summary of Weekly Wages versus California as A Whole Q Relative Wages: Q 3 of Each Year Sector Employment Wages Information 23, 360 2, Professional and business services 82, 930, Public administration 36, 890, Manufacturing 86, 865, Financial activities 49, 637, Construction 65, 079, Natural resources and mining 2, 248, All industries, 073, 428, Education and health services 25, 868, Trade, transportation, and utilities 20, 932, Unclassified 5, Other services 36, Leisure and hospitality 2, Source: BLS, QCEW; Calculations by Marin Economic Consulting Table: Summary of Weekly Wages versus the United States as A Whole Q Relative Wages: Q 3 of Each Year Sector Employment Wages Information 23, 360 2, Professional and business services 82, 930, Public administration 36, 890, Manufacturing 86, 865, Financial activities 49, 637, Construction 65, 079, Natural resources and mining 2, 248, All industries, 073, 428, Education and health services 25, 868, Trade, transportation, and utilities 20, 932, Unclassified 5, Other services 36, Leisure and hospitality 2, Source: BLS, QCEW; Calculations by Marin Economic Consulting 4

5 Graphical Display of Weekly Wage Evolution by Industry (Super Sector) Graphs present only Q 3 data for each year. Figure : 022: Information Q-90 Q-95 Q-00 Q-05 Q-0 Q-5 Data for each Year: through Q2-5 ($2,058) Q2-07 Q2-08 Q2-09 Q2-0 Q2- Q2-2 Q2-3 Q2-4 Q2-5 Data for each Year: through Q2-5 ($2,058) 2 Figure 2: 024: Professional and business services Q-90 Q-95 Q-00 Q-05 Q-0 Q-5 Data for each Year: through Q2-5 ($,724) Q2-07 Q2-08 Q2-09 Q2-0 Q2- Q2-2 Q2-3 Q2-4 Q2-5 Data for each Year: through Q2-5 ($,724) 5

6 Figure 3: 028: Public administration Q-90 Q-95 Q-00 Q-05 Q-0 Q-5 Data for each Year: through Q2-5 ($,573) Q2-07 Q2-08 Q2-09 Q2-0 Q2- Q2-2 Q2-3 Q2-4 Q2-5 Data for each Year: through Q2-5 ($,573) 2 Figure 4: 03: Manufacturing Q-90 Q-95 Q-00 Q-05 Q-0 Q-5 Data for each Year: through Q2-5 ($,550) Q2-07 Q2-08 Q2-09 Q2-0 Q2- Q2-2 Q2-3 Q2-4 Q2-5 Data for each Year: through Q2-5 ($,550) 6

7 Figure 5: 023: Financial activities Q-90 Q-95 Q-00 Q-05 Q-0 Q-5 Data for each Year: through Q2-5 ($,538) Q2-07 Q2-08 Q2-09 Q2-0 Q2- Q2-2 Q2-3 Q2-4 Q2-5 Data for each Year: through Q2-5 ($,538) Figure 6: 02: Construction Q-90 Q-95 Q-00 Q-05 Q-0 Q-5 Data for each Year: through Q2-5 ($,42) Q2-07 Q2-08 Q2-09 Q2-0 Q2- Q2-2 Q2-3 Q2-4 Q2-5 Data for each Year: through Q2-5 ($,42) 2 7

8 Figure 7: 0: Natural resources and mining Q-90 Q-95 Q-00 Q-05 Q-0 Q-5 Data for each Year: through Q2-5 ($,37) Q2-07 Q2-08 Q2-09 Q2-0 Q2- Q2-2 Q2-3 Q2-4 Q2-5 Data for each Year: through Q2-5 ($,37) Figure 8: 0: All industries Q-90 Q-95 Q-00 Q-05 Q-0 Q-5 Data for each Year: through Q2-5 ($,00) Q2-07 Q2-08 Q2-09 Q2-0 Q2- Q2-2 Q2-3 Q2-4 Q2-5 Data for each Year: through Q2-5 ($,00) 8

9 Figure 9: 025: Education and health services Q-90 Q-95 Q-00 Q-05 Q-0 Q-5 Data for each Year: through Q2-5 ($,04) Q2-07 Q2-08 Q2-09 Q2-0 Q2- Q2-2 Q2-3 Q2-4 Q2-5 Data for each Year: through Q2-5 ($,04) Figure 0: 02: Trade, transportation, and utilities Q-00 Q-05 Q-0 Q-5 Data for each Year: through Q2-5 ($893) Q2-07 Q2-08 Q2-09 Q2-0 Q2- Q2-2 Q2-3 Q2-4 Q2-5 Data for each Year: through Q2-5 ($893) 9

10 Figure : 029: Unclassified Q-90 Q-95 Q-00 Q-05 Q-0 Q-5 Data for each Year: through Q2-5 ($735) Q2-07 Q2-08 Q2-09 Q2-0 Q2- Q2-2 Q2-3 Q2-4 Q2-5 Data for each Year: through Q2-5 ($735) Figure 2: 027: Other services Q-90 Q-95 Q-00 Q-05 Q-0 Q-5 Data for each Year: through Q2-5 ($55) Q2-07 Q2-08 Q2-09 Q2-0 Q2- Q2-2 Q2-3 Q2-4 Q2-5 Data for each Year: through Q2-5 ($55) 0 0