Saturday, May 16, 2015
Friday, March 12, 2010
In January, Orange County real estate and finance bosses employed 199,200 workers, 24,600 below 2009 levels and 85,100 less than the recent cycle’s peak, by the state Employment Development Dept.’s freshly revised math.
|Job slice||Last mo.||Vs. ‘09||Vs. ‘09|
|• Construct buildings||13,900||-4,600||-24.9%|
|• Heavy construction||6,500||-1,500||-18.8%|
|• Specialty trades||45,400||-8,900||-16.4%|
|• Bank lending||17,400||-1,200||-6.5%|
|• Non-bank lending||8,500||-900||-9.6%|
|• Lending support||6,100||+1,600||+35.6%|
|• Real estate||27,700||-1,500||-5.1%|
|All real-estate related||202,400||-21,400||-9.6%|
|All other O.C. jobs||1,137,700||-51,200||-4.3%|
|All O.C. jobs||1,340,100||-72,600||-5.1%|
All told, thank sto harsh reductions in the revisions, local real estate/finance employment is now pegged at a low last seen in July 1998. Also, in January. we saw:
- 65,800 Orange County construction workers, off 15,000 from a year ago. That’s also 44,600 below this niche’s peak.
- 32,000 people in the Orange County lending businesses, down 500 from a year ago. That’s also 23,100 below this niche’s peak.
- 32,400 in Orange County real estate and leasing jobs, a decline of 2,500 from a year ago. That’s also 7,200 below this niche’s peak.
- 54,300 working in other real estate services — from architecture to building supply to janitors, a drop of 6,800 from a year ago. That’s also 17,400 below this niche’s peak.
- 14.9% of local jobs were in real estate/finance vs. 18.7% at the peak.
At right are key real estate/lending job slices, showing job counts last month and how that compares to a year ago.:
PS: We tweaked our real estate jobs math to now include the “Architectural, Engineering and Related Services” category.
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