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f IWMUOJ i"i1i 2A. ANALYTICAL OVERVIEW OF THE REGION The Orange Regional Planning Unit (RPU) is comprised of three local Workforce Development Boards (WDBs) serving 34 cities and several large unincorporated areas in Orange County (OC). The RPU includes the Anaheim Workforce Development Board, which serves the City of Anaheim, the Santa Ana Workforce Development Board, which serves the City of Santa Ana, and the Orange County Workforce Development Board, which serves the remaining 32 cities and unincorporated areas of Orange County. Orange County is the third -most populous county in California (3,193,929 people)' and the sixth -most populous in the nation. The region's population has increased by 1.4% since 201S, growing by 44,649 people. Orange County had experienced several years of job growth and economic vitality, resulting in record -low unemployment rates before the COVID-19 pandemic. The pandemic has since derailed this long streak of growth and the long-term social rypppp and economic impacts remain to be seen. Orange County's ��','i��VUG�9WV��I.�Pf.,��M�INMlvpalYlvpalYlvpalYlvpalYlvpalYlvpalYlvpald Gross Domestic Product (GDP) increased annually since 2015 S 225,178,78T00 2009 to 269.2 billion in 2019.2 Orange County's economy 2016 $ 234,OS3,392.00 ranked 31" in California and glh nationally in 2018 based on 2017 $ 247,314,645.OD its GDP. Orange County has employed 1,598,700 in $ 256,981,87TOD nonfarm jobs as of December 2020. The median household 2019 $ 269 229 770.00 income was $85,400 in 2018, $25,100 above the national average.' Orange County is experiencing demographic shifts that have economic and worktorce implications. Over the next several decades, Orange County's senior population will increase significantly while working -age populations fall. According to the California Department Orange County Projected Population Change of Finance (DDF), estimates show seniors 65- between 2020-20604 74 will increase by 17.75%, 74-84 group by Bs, 65.7%, and 85 or older will increase by 71-M4 268.7%Y The population change will likely 6S-74 require increased employment in health care 20-64 I and other senior service occupations. 5-19 Simultaneously, the shrinking working -age n-4 1 population could impact economic 0 ;0 100 1.0 200 2so 300 prosperity and cause more challenges for Sourre Calirnrn`a Department at Finance, Demngraphlr employers filling open positions. ' CMSI Lobo( Mmkct Anolyr,cs, 2021, wwwcconomicmodchng.com. l "GDP: U..S. Bureau of Emnnmir Acolysis (BEA).' CDP / U..S. Bureau of Ernonow Anolysis (BEA), www. hen.gnvldnm/gdp. 'EMS] Lobo Mo(ket Anolyrics, 2021, www. cc onontianodolmg.com. City Council 24 — 5 416/2021