OC METRO CALENDAR

  • August 2014
    SuMoTuWeThFrSa
    272829303112
    3456789
    10111213141516
    17181920212223
    24252627282930
    31123456
Add an event

EMPLOYMENT NEWS
Untitled Page

Chapman: State's job growth stays slow in Q2

The Index of Leading Employment Indicator fell slightly to 101.1 for the period.

By Kristen SchottPublished: May 04, 2011 10:23 AM

California employers are projected to add jobs in the second quarter, but at a slightly more subdued pace than in the prior period, according to a new report from Chapman University's A. Gary Anderson Center for Economic Research.

The California Index of Leading Employment Indicator – which is made up of a weighted average of the changes in the real GDP, real exports, the S&P 500 and total construction spending – read 101.1 for the second quarter, down from 101.7.

It's a mixed bag of results; a level over 100 signals employment growth, but because the reading is only slightly above that denominator, the rate of job creation is slated to "remain sluggish." By contrast, the indicator hit a pre-recession level of 115.4 in the second quarter of 2006.

Additionally, the S&P 500, real GDP and real exports all experienced positive results in the period – though the latter two were at a slower pace. Construction spending showed continued weakness, though its rate of decline has slowed some.

Related headlines
O.C. automakers report April sales gains

Report: O.C.'s auto market gains traction in Q1

Improve the local graduation rate, boost the economy