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January 2018 Metrics

Overview:
  • The Orange County unemployment rate dropped from 2.9% in November 2017 to 2.8% in December 2017, a decrease of 0.1 percentage points over the past month and 0.7 percentage points below the December 2016 unemployment rate. At the state level, the unemployment increased from 4.0% to 4.2% over the past month yet decreased by 0.8% compared to December 2016. The national unemployment was 3.9% in December 2017, remaining unchanged over the month yet representing a reduction of 0.6 percentage points compared to December 2016. This makes Orange County’s unemployment rate 1.4 percentage points below the state rate and 1.1 percentage points below the national rate.
  • The total labor force participants in Orange County increased during December 2017 by 800 individuals to a total of 1.610 million participants. Looking at overall employment, Orange County’s total employment increased by 1,300 over the month and increased by 21,800 compared to December 2016’s total employment levels. The total number of unemployed individuals decreased by 500 over the past month and dropped by 10,700 compared to a year ago.
  • 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, the industries with the largest employment increases included Professional and Business Services which added 4,000 jobs followed by Trade, Transportation and Utilities which added 1,400 jobs and Leisure and Hospitality which added 1,200 jobs. The largest job losses over the past month occurred in Government, which lost 1,600 jobs, followed by Construction which lost 400 jobs. Looking over the past year, the largest job gains were created in Leisure and Hospitality which added 9,800 jobs, followed by Professional and Business Services which added 7,800 jobs and Construction which added 7,400 jobs. The industries which lost the most jobs over the past year included Manufacturing which shed 5,400 jobs, the Government industry, which lost 3,700 jobs, and Financial Activities which lost 1,100 jobs.

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



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Orange County, California and U.S. Unemployment Rate Trends
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 from January 2007 onward.

Sources: California Employment Development Department; U.S. Bureau of Labor Statistics


Unemployment Rate by County Comparisons
December 2017, November 2017 and December 2016

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 demonstrated 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: California Employment Development Department



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 chart measures Chapman University’s Employment Index Indicator Index. This 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 Monthly Industry Trends, 2010-2017
Orange County Industry Trends by Month: Auxiliary aids and services are available upon request to individuals with disabilities.  TDD line: (714) 834-7163

This Orange County Industry Trends indicator measures monthly changes for specific industries, showing immediate and recent trends in employment by industry for Orange County.

Source: California Employment Development Department



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

Created by Chapman University, this indicator shows the Employment Indicator Index’s relationship with payroll employment as a 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 predict upcoming trends in payroll employment.

Source: Chapman University




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

This Orange County Industry Trends indicator measures annual changes for industries, showing the big-picture trends in employment by industry for Orange County.

Source: California Employment Development Department



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 Orange County and California by year. Orange County tends to show slower population growth rates than the state as a whole.

Source: U.S. Census Bureau



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, measured by the Employment Development Department.

Source: California Employment Development Department, Help Wanted Online from The Conference Board and WANTED Technologies



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 fluctuations 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