2012 CA Econ and Demo Snapshot

7/31/2019 2012 CA Econ and Demo Snapshot

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FIGURE 1 POPULATION DEMOGRAPHICS

Number of individuals in each age category, by race

ECONOMIC &

DEMOGRAPHIC SNAPSHOT

CALIFORNIA

Highlights:

56% o Non-Latino White population is over

the age o 40 while 55% o the Latino popula-

tion is under the age o 30 (See Figure 1).

50% o households in the state have an annual

income below $60,000 (See Figure 3).

In 2010 the state lost more than 1.25 million

jobs, more than twice the total number o jobs

lost between 1996 and 2009 (See Figure 6).

Source: 2006-2010 American Community, US Census

White Latino Black Asian

POPULATION

Other

0 300,000 600,000 900,000 1,200,000 1,500,000

04

59

1014

1519

2024

2529

3034

3539

4044

4549

5054

5559

6064

6569

7074

7559

8084

85+

1 in 11

ARE UNEMPLOYED1 in 4

TOTAL

CALIFORNIA RESIDENTS

37,253,956

1 in 8

LIVE BELOWTHE POVERTY LINE

*

*

*OF THE LABOR FORCE

*excluding individuals living in group quarters

White 43%Latino 40%

Black 6%

Asian 7%

Other 4%

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0 10% 20% 30% 40% 50%

Bachelor'sDegree

or Higher

Some

College

High

School

Less than

High School

White Latino Black Asian Other California (all combined)

FIGURE 2 EDUCATIONAL ATTAINMENT BY RACE AND ETHNICITY

Percent of population 25 and older, by population category

FIGURE 3 HOUSEHOLD INCOME DISTRIBUTION

Number of households in each income category



HOUSEHOLD IN THOUSANDS

0 500 1,000 1,500 2,000 2,500

Less than $20,000

$20,000 to $39,999

$40,000 to $59,999

$60,000 to $74,999

$75,000 to $99,999

$100,000 to $124,999

$125,000 to $149,999

$150,000 to $199,999

$200,000 or more


Economic and Demographic Snapshot

CALIFORNIA


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FIGURE 4 PERCENT CHANGE IN EMPLOYMENT BY SECTOR AND PERIOD

40%

34%

28%

22%

16%

10%

4%

2%

8%

14%

20%% 0911% 0709

Government (18%)

Information (3%)

Mining & Construction (1%)

Wholesale Trade (4%)

Other Ser vices (4%) Transpor tation & Utilities (3%)

Financial (7%) Manufacturing (6%)

Hospitality (12%) Retail Trade (11%) Education & Health (14%) Business Services (18%)

0%

4%

8%

12%

16%

20%

201020092008200720062005200420032002200120001999199819971996199519941993199219911990

California United States

12%

9%


CALIFORNIA

Source: U.S. Bureau o Labor Statistics, Current Population Survey (CPS) and Local Area Unemployment Statistics (LAUS)

FIGURE 5 UNEMPLOYMENT RATEPercent of unemployed


Source: Bureau o Labor Statistics, Current Employment Statistics (CES) seasonally adjustedNote: Number in parentheses is sector size by employment share.


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FIGURE 6 JOBS GAINED AND LOST, BY SOURCE

Number of jobs lost or gained annually

NUMBER OF EMPLOYEES IN THOUSANDS

Firms Opening

Firms Closing

Firms Expanding

Firms Contracting

Firms Moving In Net Change

Firms Moving Out

3000

2450

1900

1350

800

250

300

850

1400

1950

2500

201020092008200720062005200420032002200120001999199819971996


CALIFORNIA

REGIONS

HIGHLIGHTS

Source: National Establishment ime Series (NES) database, Walls & Associates. Analysis: Collaborative Economics.


Bay Area

Butte

Fresno

Inland Empire

Los Angeles

Orange

Redwood Coast

Sacramento

San Diego

San Luis Obispo

Sierra Nevada

Silicon Valley

Sonoma

Te recent economic downturns hit Caliornias economy signicantly, with the unem-

ployment rate in 2010 reaching 12%, the highest unemployment rate recorded in decades

(see Figure 5). As o March 2012, Caliornias unemployment rate was 11.5%.

Te most afected sector in terms o the percent change in employment was Government,

cutting down more than 30% o employment between 2007 and 2011 (See Figure 4).

Education and Health Services was the only sector that experienced a consistent increase in

employment between 2007 and 2011 (See Figure 4).

Documents

2012 CA Econ and Demo Snapshot