voiceofsandiego.org: Toscano... Employment Sector Winners and Losers
an independent nonprofit |
We depend on your donations. Support 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.

King/Chavez Firings Due to 'Mediocre Education':

 

CEO of Barrio Logan charter schools talks about terminating employees.

Friday, July 25 -- 4:54 pm

Smith Talks to the Tranny:

 

The fired SEDC prez had been silent, but opens up to the business paper.

Friday, July 25 -- 5:19 pm

CCDC Chairman Seeks Graham Inquiry:

 

Fred Maas calls for 'fact-finding mission' on departed president's involvement in 7th and Market project.

Friday, July 25 -- 3:21 pm


Sponsored By

MOST POPULAR STORIES:

SURVIVAL IN SAN DIEGO

KB's Gone Fishin' :

 

She's getting some deserved vacation, but will be back soon.

Wednesday, July 23 -- 4:13 pm

LETTERS TO THE EDITOR

Keep Shining:

 

The SEDC and the PDP mess and all that surrounds it is the best reading I've had in a while.

Friday, July 25 -- 11:14 am

CAFÉ SAN DIEGO

Just More Questions:

 

Does this mean that even after two years of strong mayor, we continue to harbor waste, fraud and abuse in our system?

Friday, July 25 -- 1:23 pm

COMMENTARY: SLOP

Heatstroke :

 

The cop whose dog died in his hot car had just sued for, and won, a boost in his retirement checks for taking care of his canine partners.

Friday, July 25 -- 5:21 pm

COMMENTARY: RICH TOSCANO

Foreclosures Still Piling Up :

 

June made for another record-setting month in San Diego foreclosure activity.

Tuesday, July 22 -- 12:34 pm

Sponsored by

Sign Up for Daily and Breaking News Alerts

Don't want to miss a story? Want to be the first to know about breaking news? Sign up now.

This Just In

King/Chavez Firings Due to 'Mediocre Education':

 CEO of Barrio Logan charter schools talks about terminating employees. » Jul. 25 -- 4:54 pm



Smith Talks to the Tranny:

 The fired SEDC prez had been silent, but opens up to the business paper.

Jul. 25 -- 5:19 pm


CCDC Chairman Seeks Graham Inquiry:

 Fred Maas calls for 'fact-finding mission' on departed president's involvement in 7th and Market project.

Jul. 25 -- 3:21 pm


MOST POPULAR STORIES:

SURVIVAL IN SAN DIEGO

KB's Gone Fishin' :

  She's getting some deserved vacation, but will be back soon.

Jul. 23 -- 4:13 pm



LETTERS TO THE EDITOR

Keep Shining:

  The SEDC and the PDP mess and all that surrounds it is the best reading I've had in a while.

Jul. 25 -- 11:14 am



CAFÉ SAN DIEGO

Just More Questions:

  Does this mean that even after two years of strong mayor, we continue to harbor waste, fraud and abuse in our system?

Jul. 25 -- 1:23 pm



COMMENTARY: SLOP

Heatstroke :

  The cop whose dog died in his hot car had just sued for, and won, a boost in his retirement checks for taking care of his canine partners.

Jul. 25 -- 5:21 pm



COMMENTARY: RICH TOSCANO

Foreclosures Still Piling Up :

  June made for another record-setting month in San Diego foreclosure activity.

Jul. 22 -- 12:34 pm


Copyright © 2008 voiceofsandiego.org. All Rights Reserved.