voiceofsandiego.org: Toscano... Employment Sector Winners and Losers
an independent nonprofit |
We depend on your donations. Consider joining us today.

Employment Sector Winners and Losers



Earlier this month, we saw that San Diego employment declined on a year-over-year basis in March -- something that hadn't happened during the last recession (nor for 15 years, according to the U-T).

The accompanying graph shows how many jobs were added year-over-year by the top four sectors for employment growth how many were lost by the bottom four sectors. Over each bar, I have noted the average hourly wage within that sector (for some reason, the BLS site does not report government sector wages -- perhaps they consider that a little too personal).

There shouldn't be any surprises here for folks who've seen prior iterations of this graph. The leisure and hospitality sector has been in first place for a while, with government and education/health jockeying for second and professional services bringing up fourth place. Similarly, construction has been the big loser for quite a while, followed by financial activities, retail, and manufacturing -- usualy in about that same order.

What's different now is that the number of jobs being added by the strong sectors has declined, while losses in the weak sectors have for the most part gotten worse. It doesn't help matters that the sector losing the most jobs pays on average twice as much as the sector gaining the most.

-- RICH TOSCANO



A Nerd's Eye View

Rich Toscano is a financial advisor with Pacific Capital Associates*;
he also writes about San Diego real estate at Piggington's Econo-Almanac.
Contact him at rtoscano@pcasd.com.

Spammed by Candidates?:

 

Have you been e-mailed by any of the candidates running in the June 3 election? If so, we want to hear from you.

Wednesday, May 21 -- 1:37 pm

Police, Fire Shoot for Efficiency:

 

Sanders says his streamlining effort will yield more than 100,000 hours of extra staff time each year.

Wednesday, May 21 -- 1:34 pm

Quantity vs. Quality in Test-Based Rankings:

 

Testing more kids boosts a Newsweek ranking, but does it mean a school is performing well?

Wednesday, May 21 -- 12:47 pm


Sponsored By

MOST POPULAR STORIES:

SURVIVAL IN SAN DIEGO

Prop. Tax Delinquencies Increase 'Dramatically' :

 

Tax collector attributes increase to 'tight economic times.'

Wednesday, May 21 -- 2:01 pm

LETTERS TO THE EDITOR

Simple Solution:

 

To prevent Sunroads and Blackwaters of the future, all permits above a certain threshold should be subject to discretionary review.

Wednesday, May 21 -- 3:18 pm

CAFÉ SAN DIEGO

A Democrat for Maienschein:

 

The city attorney will need to listen, learn, and counsel on a variety of issues, without regard to the city attorney's personal views or politics.

Wednesday, May 21 -- 7:05 pm

COMMENTARY: SLOP

Trial by Media :

 

Dumanis deals with consequences of political activity while Peters breaks her tenet for prosecutorial behavior.

Wednesday, May 21 -- 4:24 pm

COMMENTARY: RICH TOSCANO

Must-Sell Housing Supply Overwhelms Demand :

 

Home sales may be increasing, but they still aren't keeping pace with foreclosure activity.

Wednesday, May 21 -- 12:55 pm

Sponsored by

This Just In

Laid Off Teachers, Already Rehired, Might Have Lay Offs Rescinded:

 School board member proposes canceling all teacher layoffs, even for teachers who have already been rehired. » Dec. 4 -- 9:30 am



Sanders Vetoes Council Vote on Budget:

 Mayor says he didn't want to issue veto, but had to because city attorney failed to issue an opinion on legality of council vote.

Dec. 3 -- 8:22 pm


Earn College Cash:

 Announcing our first ever high-school essay contest.

Dec. 3 -- 6:12 pm


SURVIVAL IN SAN DIEGO

Tales from a House Hunt: Chapter V:

 'At this point, if we lose it, we know it wasn’t to be.'

Dec. 3 -- 10:43 am



LETTERS TO THE EDITOR

Lam's Dismissal Justified:

 Former U.S. Attorney's tenure was marked by unsubstantiated prosecutions and failure to protect the border.

Dec. 3 -- 6:37 pm



CAFÉ SAN DIEGO

A Taxing Question:

 Considering the potential gains, would $2.50 per gallon for gas be that bad?

Dec. 2 -- 4:49 pm



COMMENTARY: SLOP

Chula Vista Manager: Yet More Pain Could Be Coming:

 The city will have to deal with a lingering gambling problem.

Dec. 3 -- 4:05 pm



COMMENTARY: RICH TOSCANO

Unemployment Likely to Keep Rising:

 Past recessionary patterns indicate that San Diego unemployment could climb for quite a while yet.

Dec. 2 -- 9:19 pm


Copyright © 2008 voiceofsandiego.org. All Rights Reserved.