SOUTH BAY WORKFORCE INVESTMENT BOARD - 2011

Home Browse Search

the fastest growing industry sector, expected to grow at more than three times the 7.1 percent rate for total employment, at 23.2 percent. Financial Activities is the only industry sector expected to decline, with a minimal loss of 100 jobs. The Computer and Electronic Product Manufacturing sub sector is projected to add 2,800 jobs and increase by 2.5 percent over the 10 -year period. In 2008, this region employed 38 percent of Computer and Electronic Product Manufacturing jobs in California. By 2018, the region is projected to employ 42 percent of Computer and Electronic Product Manufacturing jobs in the state. San Bernardino County 2008 -2018 Riverside and San Bernardino Counties Projection Highlights The Education Services, Health Care and Social Assistance sector will generate an estimated 30,000 jobs, the largest number of new jobs for the outlook period in any sector. An additional 17,400 new jobs are estimated to occur in the Government sector, with 15,100 new jobs projected in the Professional and Business Services sector. The fastest growing non -farm industry sector is Education Services, Health Care and Social Assistance with an annual average growth rate of 2.3 percent. Other major industry sectors with significant growth rates are Professional and Business Services (1.1 percent), Wholesale Trade (1.1 percent), Leisure and Hospitality (1.0 percent), and Other Services (0.9 percent). Government, Transportation, Warehousing, and Utilities, Construction, Information, Financial Activities, and Manufacturing will not exceed the 0.8 percent annual average growth rate for Riverside and San Bernardino Counties non -farm employment. San Joaquin County 2008 -2018 Projection Highlights The Education Services, Health Care, and Social Assistance sector will generate over 40 percent (6,900) of new non -farm jobs during the outlook period. Another 4,200 new jobs are estimated to occur in the Government (2,400) and Professional and Business Services (1,800) sectors. The Manufacturing sector is projected to have a slight decrease of 200 jobs. The fastest growing non -farm industry sector is Education Services, Health Care, and Social Assistance, with a growth rate of 2.4 percent per year. Other major industry sectors with annual growth rates above the county's growth rate are Transportation, Warehousing and Utilities (1.1 percent) and Professional and Business Services (1 percent). San Luis Obispo County 2008 -2018 Projection Highlights Three sectors will each generate 2,000 new jobs in the outlook period: Education Services, Health Care and Social Assistance; Leisure and Hospitality; and Government. An additional 1,800 new jobs are estimated for the Professional and Business Services sector, and 1,500 new jobs are projected in the Retail Trade sector. These five sectors account for over 86 percent of new jobs in Non -farm employment. 61