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More San Diego Job Losses
This month's employment estimates show a deterioration in the retail sector but a slight improvement in the construction sector. Other than that the region's job growth, or lack thereof, has been on a path similar to recent months. So I will simply note that overall employment fell by 5,700 jobs or .4 percent from last year and then move on to the graphs.
The first graph is the usual one displaying the number of jobs gained or lost by the housing beneficiary sectors (construction, finance/real estate, and retail), the rest of the economy, and all sectors combined on a year-over-year basis. Each month's data point represents the year-over-year change for that month (I use this technique to smooth out seasonal effects).
This next graph is the same as the first except that it displays the percent change to the size of each sector rather than the number of jobs gained or lost.
The third graph shows how the three housing beneficiary sectors (in red, dark blue, and light blue) have offset growth in the rest of the economy (in green).
In short, the non-housing portion of the economy continues to grow -- but not as much as it used to, lately, and no longer as much as is necessary to offset the decline that originated with the housing bust.
-- RICH TOSCANO
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How many kids are labeled as unlikely to get a diploma, at what ages, and with what disabilities.
Wednesday, October 1 -- 4:54 pm
Research focus: find antibodies that can prevent infection.
Wednesday, October 1 -- 4:37 pm
Updates on the 'fussing' over a crowded classroom.
Wednesday, October 1 -- 4:26 pm
SURVIVAL IN SAN DIEGO
County's figuring out how it will spend $5M in federal foreclosure grants.
Wednesday, October 1 -- 3:58 pm
LETTERS TO THE EDITOR
His metamorphosis came at an opportune time.
Wednesday, October 1 -- 3:38 pm
CAFÉ SAN DIEGO
FreePB.org's Jeremy Malecha discusses the beach alcohol ban.
Wednesday, October 1 -- 12:59 pm
COMMENTARY: SLOP
The Democrat throws another D under the bus trying to run his rival over.
Wednesday, October 1 -- 12:16 pm
COMMENTARY: RICH TOSCANO
The various bailout schemes all employ the same flawed analytical framework that got us here to begin with.
Friday, October 3 -- 4:32 pm
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This Just In
Estimates: $171 million could be freed of restrictions. » Jan. 6 -- 6:47 pm
NBC takes apart the rumors that IOUs could replace teacher paychecks.
Jan. 6 -- 6:27 pm
It tells Sacramento it is time to cut the strings on much of its funding.
Jan. 6 -- 6:20 pm
SURVIVAL IN SAN DIEGO
David Lereah, head booster for Realtors earlier this decade, apologizes for being wrong.
Jan. 6 -- 10:47 am
LETTERS TO THE EDITOR
General obligation bonds, not lease-leaseback arrangements, are the answer to the city's "structural deficit" woes.
Jan. 6 -- 4:26 pm
CAFÉ SAN DIEGO
Here's a look at the tangible results MPAs have yielded.
Jan. 6 -- 4:30 pm
COMMENTARY: SLOP
Convicts find freedom, the former city manager of Chula Vista heads to Iraq, and more tidbits.
Jan. 6 -- 7:22 pm
COMMENTARY: RICH TOSCANO
The median-based price indicators closed out a dismal 2008 with another monthly decline.
Jan. 6 -- 4:06 pm
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