California Registers Job, Export Growth
State EDD, Chapman University, US Census report employment, trade surges
SACRAMENTO - 07/06/04 - Despite job losses in government, information, and the non-farm manufacturing sectors, California saw a net gain of 23,600 jobs in May - a full 9.5% of the 248,000 jobs created across the US, according to the California Employment Development Department (EDD).
The increase marked a third straight month of growth, said the agency's latest Labor Market Review, which reported an increase of 14,501,200 jobs in total non-farm industries in May, up 23,600 jobs from last month, following a 15,700-job gain in April and a 21,500-job gain in March.?
Compared with May 2003, non-farm employment in the state grew by 110,200 jobs, a 0.8% rise.
This places the California job growth rate nearly on par with that of the nation, the report said.
The release of the employment figures comes as the US Census Bureau's International Trade Division announced that California's merchandise export trade continued to run 25% ahead of last year.
During the first four months of 2004, the Census said, the state's exports totaled $36.3 million, up 25.02% over the $29 million reported for the same period last year.
According to the employment agency, almost all fields experienced employment growth in May with the exception of the natural resources and government sectors, which experienced decreases of 0.9% and 0.4% respectively for the month.?
Information industry jobs grew by 7,400 jobs, the largest gain in May, and construction rose by 3,100 jobs, continuing to maintain the highest year-over growth rate.
Manufacturing added 400 jobs but the industry is still down 21,800 jobs for the year, a decrease of 1.4%, according to the report while trade, transportation, and utilities grew by 4,550 jobs and in financial activities 1,700 new jobs were created.?
Professional and business services increased by 6,600, educational and health services by 3,300, leisure and hospitality by 3,800 and other services by 2,800.
Another report published by Chapman University's A. Gary Anderson Center for Economic Research predicts job creation will continue to accelerate into next year.?
The Chapman report was based on national, state and county data estimates an increased growth rate from 0.4% in the state's first quarter this year to a peak of 1.8% in the second quarter next year.??
Further, the study asserted that the state can be expected to add 172,000 payroll jobs in 2004, a 1.2% increase, and 238,000 in the next year, a growth of 1.6%, according to the report.
Staffing agencies accounted for more than 6,000 new jobs in May, meaning that many new jobs are temporary and not indicative of long-term growth.?
In a press report, Howard Roth, chief economist for the state's Department of Finance urged caution when looking at the positive employment trends.
"Although temporary hiring was predicted to be a positive sign for future employment, a shift away from that trend to one of long-term hiring is taking a long time," Roth said.
The EDD's review is available at www.calmis.ca.gov/file/lfmonth/CalMR.pdf.?The Chapman report can be ordered at?www.chapman.edu/argyros/asbecenters/acer/default.asp
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