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March 2017 Metrics

Overview:
  • In January 2017, the Orange County unemployment rate registered an increase from the previous months’ reading of 3.5 percent to 3.9 percent, a typical shift when starting a new year. Statewide unemployment was 5.5% percent in January 2017 and representing an increase of 0.5% compared to December 2016 yet fell by 0.4 percentage points compared to the January 2016 unemployment reading. The national unemployment was 5.1 percent in January 2017, an increase of 0.6% percentage points over the previous month yet a reduction of 0.2% compared to January 2016. This makes Orange County’s unemployment rate 1.6 percentage points below the state rate and 1.2 points below the national rate.
  • The total labor force participants in Orange County decreased during January 2017 by 6,500 individuals to a total of 1.593 million participants. Looking at overall employment, Orange County’s total employment dropped by 11,700 over the month yet remains 3,100 above January 2016’s total employment levels. The total number of unemployed individuals followed a similar trend increasing by 5,300 individuals over the month yet remains below the year-ago total by 3,400.
  • The California Employment Indicator Index decreased by 0.5 points from a revised reading of 107.2 in the second quarter of 2016 to 106.7 in the third quarter of 2016.
  • Over the past month, only the Other Services industry in Orange County experienced an increase in employment of 600 while the largest reductions stemmed from Trade, Transportation and Utilities which shrunk by 8,500 jobs followed by Professional and Business Services which lost 5,600 jobs and Government which shed 4,600 jobs since December 2016. Looking over the past year, the largest job gains were created in the Professional and Business Services and Leisure and Hospitality Industries (3,500 jobs each) followed by Government which increased by 2,500 jobs since January 2016. The Manufacturing and Mining and Logging industries lost 500 and 100 jobs respectively over the past year. It should be noted that these large monthly shifts are typical and expected when starting a new year.

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Table of Contents (click to jump to a specific measure):



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Orange County, California and US Unemployment
Rates, 2008-2016

Three-Year Trend in Orange County, California  Auxiliary aids and services are available upon request to individuals with disabilities.  TDD line: (714) 834-7163

This indicator measures the unemployment rate for Orange County, California and the United States over the since January 2007.

Source: Source: California Employment Development Department
http://www.labormarketinfo.edd.ca.gov/
http://www.calmis.ca.gov/file/lfmonth/oran$pds.pdf

http://www.bls.gov/news.release/empsit.nr0.htm


Orange County Labor Force and Unemployment Comparisons
California Employment Indicator Index: Auxiliary aids and services are available upon request to individuals with disabilities.  TDD line: (714) 834-7163

The full details of Orange County’s unemployment, employment, and labor force totals are detailed in the table below, showing changes since the previous month and since the previous year. The unemployment rate is singled out and compared to other counties and regions.

Source: Chapman University



California Employment Indicator Index
California Employment Indicator Index: Auxiliary aids and services are available upon request to individuals with disabilities.  TDD line: (714) 834-7163

This indicator measures Chapman University’s Employment Index Indicator Index. The California Index of Leading Employment Indicator is comprised of variables found to have a significant influence on California’s payroll employment growth. These variables include movements in the lagged values of real GDP, real exports, the S&P 500 and the state’s total construction spending. A weighted average of changes in these variables, based on their relative importance in explaining state employment growth, is used in constructing the index.

Source: Chapman University



Orange County Industry Trends by Month 2010 - 2016
Orange County Industry Trends by Month: Auxiliary aids and services are available upon request to individuals with disabilities.  TDD line: (714) 834-7163

The Orange County Industry Trends indicator measuring monthly changes for industries shows the more immediate and recent trends in industry employment for Orange County.

Source: California Employment Development Department
http://www.calmis.ca.gov/file/indhist/oran$hws.xls




Orange County Industry Employment Comparisons
Orange County Industry Trends by Month: Auxiliary aids and services are available upon request to individuals with disabilities.  TDD line: (714) 834-7163

This indicator breaks down Orange County’s employment by industry for the current month, comparing changes in employment levels since the previous month and the previous year.

Source: California Employment Development Department



California Employment Indicator Index and Payroll Employment
California Employment Indicator Index and Payroll Employment : Auxiliary aids and services are available upon request to individuals with disabilities.  TDD line: (714) 834-7163

This indicator shows the Employment Indicator Index’s relationship with Payroll Employment year over year percentage change. Understanding how the Employment Indicator Index is related to year over year Payroll Employment change demonstrates how adjustments in the Employment Indicator Index predicts upcoming trends in Payroll Employment.

Source: Chapman University
http://www.chapman.edu/images/userImages/cwilliam/Page_4388/CAEmploymentIndicator_2010Q1.pdf




Orange County Annual Industry Trends 1990-2016
Orange County Industry Trends 1990-2009: Auxiliary aids and services are available upon request to individuals with disabilities.  TDD line: (714) 834-7163

The Orange County Industry Trends indicator measuring annual changes for industries shows the big-picture long-term trends in industry employment for Orange County.

Source: California Employment Development Department
http://www.calmis.ca.gov/file/indhist/oran$haw.xls




Orange County Population Trends
Orange County Population Trends: Auxiliary aids and services are available upon request to individuals with disabilities.  TDD line: (714) 834-7163

This indicator measures current population growth relative to times in the past for Orange County and California. Orange County has shown faster population growth than the State as a whole.

Source: US Census Bureau and California Department of Finance



Online Help-Wanted Ads Posted by Employers
Orange County Population Trends: Auxiliary aids and services are available upon request to individuals with disabilities.  TDD line: (714) 834-7163

This measures the number of Help-Wanted advertisements posted online by Orange County employers as measure by the Employment Development Department.

Source: US Census Bureau and California Department of Finance



Temporary Employment: ASA Staffing Index

Orange County Population Trends: Auxiliary aids and services are available upon request to individuals with disabilities.  TDD line: (714) 834-7163

The ASA Staffing Index monitors weekly changes in temporary and contract employment for the United States. Surveys are modeled after the quarterly ASA Staffing Employment and Sales Survey, and give an indication of fluxuaitons in temporary employment since June 2006.

Source: American Staffing Association



Developed and Maintained in partnership with Orange County Business Council
The Orange County Workforce Investment Board is an equal opportunity entity. Auxiliary aids and services are available upon request to individuals with disabilities.
TDD line: (714) 834-7163