It's Official: California is Getting Water
Washington, D.C. – House Majority Leader Kevin McCarthy (CA-23) released the following statement on California water legislation being signed into law as part of S. 612, the Water Infrastructure Improvements for the Nation Act:
“This is a great moment for California. I am proud to have worked with my colleagues in the House, Senator Dianne Feinstein, and our constituents to deliver the largest reforms to California water policy in 25 years. This water deal has been years in the making and was achieved by an unwavering commitment to our communities and state. This new law will help our communities receive more water this wet season and will help move forward storage projects that will define California’s bright future. We have not solved all of California’s water challenges, but this legislation is an incredibly positive first step. I look forward to getting back to work to build on these results. But in the meantime, I am proud to have played a role in this pivotal moment for our state’s future.”
Majority Leader Press Office
H-107 | The Capitol
Data from the US Bureau of Labor Statistics, analyzed by SYNEVA Economics of North Carolina, reports that the Visalia-Porterville MSA posted a 2.6% employment growth rate from October 2015 to 2016, ranking it above Fresno, Kings and Kern Counties. In fact, Tulare County is ranks #70 among the 387 MSA’s nationally. Comparatively, Kings County is 378, Fresno is 222 and Kern is 196 nationally. Data shows that Tulare County employment growth has exceeded the national average 25 of the last 26 months.
With sustained job gains, California continues to outpace the nation in terms of year-over-year job growth, according to Beacon Economics’ analysis of the latest release from the California Employment Development Department (EDD).
California added 31,200 jobs in October, building on a revised 36,000 jobs added in September. California payrolls expanded by 2.4% from October 2015 to October 2016, compared to 1.7% in the nation overall.
“At this point in the economic cycle, the state is effectively at full employment so the pace of job gains is somewhat tempered compared to a year ago,” said Robert Kleinhenz, Executive Director of Research at Beacon Economics. “That said, the leading sectors of the state continue to add jobs at an impressive rate.”
New Geography reported on overcrowding in metro areas among MSA’s in the United States. Counties to the north and south of the Visalia-Porterville-Tulare MSA are among the most severely overcrowded metro areas in the US. Fresno and Bakersfield rank in the top 5 for overcrowding, just behind McAllen, TX, Los Angeles and Honolulu. The report showed that high housing costs in these metro areas contributed to the high overcrowding rates. The Visalia-Porterville-Tulare MSA maintains one of the affordable housing markets in California, with more than 54% of residents able to afford a median price house (California average is 30%). As the study showed, overcrowding negatively impacts school achievement, behavior and physical health of children.
Employment in California continues to expand, with payrolls increasing by 30,000 positions in September, according to Beacon Economics’ analysis of the latest release from the California Employment Development Department (EDD).
While this is weaker growth than in some previous months, the state accounted for just over 20% of all new jobs added in the nation during September. Moreover, for the year, nonfarm payrolls in the state have grown by 2.3%, compared to just 1.7% in the nation overall.
“The pace of wage and salary job growth is somewhat slower than last year,” said Robert Kleinhenz, Executive Director of Research at Beacon Economics. “However, the state continues to add impressive numbers of jobs in yearly terms, with a gain of nearly 380,000 from September of last year to this past September.”
The unemployment rate in California held steady at 5.5% in the latest numbers. While household employment expanded by 108,600 during the month, this was offset by a sizable 117,800 increase in the state’s labor force, keeping the unemployment rate unchanged. The state’s unemployment rate has now held steady at 5.5% for three straight months.
Tulare County posted a 2.4% employment growth over last year, driven by real estate, professional/business services and retail industries. Unemployment is down by 0.3% to 11.2%. Download the full Tulare County employment report here.
According to the California Department of Education (CDE), the graduation rate in Tulare County high schools was 85.4%, compared to a statewide average of 82.3%. Similarly, the drop out of 10.2% was also below the state average of 10.7%. Tulare County schools outperformed neighboring counties as well, with Kern County reporting a 82.5% graduation rate and a 12.2% drop out rate. In Fresno County, only 81.9% of students graduated, while 11.5% dropped out while Kings County reported an 83% graduation rate and 13.2% drop out rate. Data is based on 2014-15 school year and is posted annually by CDE.
The Federal Bureau of Investigation (FBI) released its annual compilation of crimes reported to its Uniform Crime Reporting (UCR) program by law enforcement agencies from around the nation. Table 6 of the FBI report lists Metropolitan Statistical Area’s crime rates per 100,000 population. Visalia-Porterville MSA rate was 395.8 for 2015, the lowest in Central California. The following shows the comparison for other Central California areas:
The Visalia-Porterville MSA (Tulare County, CA) gross domestic product (GDP) posted a 7.6% increase in 2015, ranking it number 4 nationally, according to the Bureau of Economic Analysis, following the MSA’s of Midland, TX (1), San Jose-Sunnyvale-Santa Clara, CA (2) and Lake Charles, LA (3)
The data, released September 20, 2016, showed that real GDP nationally increased 2.5% led by growth in professional and business services, wholesale trade and retail trade, finance and real estate.
The Visalia-Porterville MSA GDP was $14,232,000 in 2015, were due in large part to the agriculture industry which grew by 22.5% from 2014 to 2015. The County showed GDP growth in all sectors, with the exception of manufacturing which showed a nominal decrease.
“As our economist predicted at this past economic summit, our local economy continues to show resiliency and growth in GDP, in jobs and in other economic categories” stated Paul Saldana, President & CEO of the Tulare County Economic Development Corporation. “Our next economic update is certain to quantify the positive changes we have observed in our economic conditions” Saldana added. The EDC issues a quarterly economic update as well as an annual economic forecast.
California's Sustained Jobs Growth Continues
With sustained job gains California continues to outpace the nation in terms of year-over-year job growth, according to Beacon Economics’ analysis of today’s release from the California Employment Development Department (EDD).
California expanded its payrolls by 2.3% from July 2015 to July 2016, compared to just 1.7% growth in the nation overall. In the latest July numbers, California added 36,400 nonfarm positions, a number that is in line with the monthly 37,800 job gains the state has averaged over the past year.
Despite the job growth, California’s unemployment rate ticked up to 5.5% in July due to a sizeable increase in the state’s labor force, which expanded by 60,100 during the month. Household employment also grew over the period, growing by 35,500, but it was not enough to offset the surge in California’s labor force.
“California continues to lead the nation in job gains,” said Robert Kleinhenz, Executive Director of Economic Research at Beacon Economics. “The state added 374,600 jobs from July to July, the largest number of any state, however the yearly growth pace was the lowest in four years, at 2.3%. Still, the fundamentals of the statewide economy point toward continued gains through the rest of the year."
Tulare County’s employment levels mirrored the state average, increasing by 2.3% from July 2015 to July 2016, led by retail, manufacturing, and education and health industries. Download July Tulare County Employment Report here.
At 2016 Halfway Point, CA Jobs Growth Continues
Once again California added jobs and outpaced the nation in employment growth, according to Beacon Economics’ analysis of today’s release from the California Employment Development Department (EDD).
California added 40,300 nonfarm positions in June, building on an upward revision from May that added 25,700 jobs. At the halfway point of 2016 the state is averaging job gains of roughly 30,900 positions per month, a slight slow down from the 34,600 per month average observed during the first half of 2015. California also continues to outshine the nation in terms of job growth this year, with the state expanding payrolls by 2.9% compared to just 1.7% growth in the nation overall.
The unemployment rate in California ticked up to 5.4% on a seasonally adjusted basis in the latest numbers, following a trend in the nation as a whole. The driving force behind this uptick was two-fold. First, there was an increase (+24,200) in the state’s overall labor force and second, household employment declined slightly during the month (-3,200). In other words, the number of unemployed workers increased as more workers entered the work force.
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