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SOUTH BAY WORKFORCE INVESTMENT BOARD - 2011
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SOUTH BAY WORKFORCE INVESTMENT BOARD - 2011
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Last modified
3/14/2017 2:19:20 PM
Creation date
9/26/2011 9:21:31 AM
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Contracts
Company Name
SOUTH BAY WORKFORCE INVESTMENT BOARD
Contract #
A-2011-197
Agency
COMMUNITY DEVELOPMENT
Council Approval Date
8/24/2011
Expiration Date
3/17/2013
Destruction Year
2018
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The fastest growing non -farm industry sector is Professional and Business Services with an annual <br />average growth rate of 1.9 percent. Other major industry sectors with significant growth rates are <br />Education Services, Health Care and Social Assistance (1.8 percent) and Leisure and Hospitality (1.3 <br />percent). Five major industry sectors are expected to grow at a slower pace than the one percent annual <br />growth rate for the region, with Manufacturing showing a negative growth rate for the projection <br />period. <br />Stanislaus County <br />2006 -2016 Projection Highlights <br />Non -farm employment, which makes up 83 percent of total employment, is expected to grow at about <br />0.7 percent annually for the next ten years. Approximately 10,800 new jobs are forecasted to occur in <br />Education Services, Health Care, and Social Assistance (3,900); Professional and Business Services <br />(1,600); Manufacturing (1,500); Retail Trade (1,300); Leisure and Hospitality (1,300); and Transportation, <br />Warehousing, and Utilities (1,200). <br />The fastest growing major non -farm industry sector, based on the average annual growth rate, is <br />Transportation, Warehousing, and Utilities with a rate of 2.3 percent per year. Education Services, <br />Health Care, and Social Assistance has the second fastest growth rate with an annual rate of 2 percent. <br />62 <br />
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