Pasadena Star News
By: Cynthia Kurtz
Posted 6/11/2014
Hallelujah! The San Gabriel Valley added 12,240 jobs in 2013 - the largest yearly job increase since the recession devastated the local economy causing the loss of 55,000 jobs in less than two years.
Healthcare is leading the San Gabriel Valley’s recovery adding close to 8,000 jobs in 2013 and between 26,000 and 29,000 jobs over the last decade. Healthcare now accounts for 115,200 of the region’s 645,400 jobs. Over the last 10 years, the largest job growth has been in physician offices (+5,000 jobs), hospitals (+3,900 jobs), home healthcare services (+1,900 jobs), and outpatient care centers (+1,800 jobs).
We aren’t talking about administrative jobs in doctor offices and hospitals which are included in the administrative and support services sector. These jobs are health practitioners - people with M.D. degrees and professionals who are registered or licensed to provide health services like dental hygienists or dietitians. These are good paying jobs with average annual salaries between $55,000 and $64,000.
The growth in healthcare has also generated job growth in other related industries. Scientific research and development services, management and technical consulting, and pharmaceutical and medical manufacturing are also adding jobs.
Healthcare is not the only sector adding jobs. 2013 saw an increase of 3,200 jobs in leisure and hospitality - the businesses that support tourism. This is on the heels of adding 2,900 jobs in 2012. Tourism is a growing industry throughout Los Angeles County and 2013 was a banner year with a record 42.1 visitors coming to the LA region. These visitors spent a record $16.5 billion.
The SGV is benefiting from these visitors - especially from Chinese tourists. They come to the SGV to visit friends and family, to see the Lio Fang Yuan Garden - Garden of Flowing Fragrance - at Huntington Library, to visit the Hsi Lai Temple and of course to enjoy authentic Asian foods - just as good as back home.
The average SGV hotel occupancy rate increased to an impressive 77.4 percent in 2013 - up from 61 percent in 2009. The average SGV room rate was $129.89 - up from a low of $118.52 in 2010. Don’t be surprised to see some new hotels in the SGV. When it comes to tourism...we’re hot.
Another bright spot in the SGV economy is international trade. Our valley has a high concentration of international trade businesses. Some 6.7 percent of the region’s total jobs are in international trade compared with a total of 5.3 percent in Los Angeles County.
The Ports of Long Beach and Los Angeles handled 14.3 million containers in 2013 - a 3.4 percent increase over 2012. The outlook for increased trade in 2014 and 2015 is good. California’s top trading partners are expected to continue to experience strong growth. We certainly haven’t “recovered” yet. We still need 29,000 jobs to get back to the employment total in 2008 - a number we are unlikely to reach before the end of 2015. However, adding 12,240 jobs in a year is a good reason to celebrate.
By: Cynthia Kurtz
Posted 6/11/2014
Hallelujah! The San Gabriel Valley added 12,240 jobs in 2013 - the largest yearly job increase since the recession devastated the local economy causing the loss of 55,000 jobs in less than two years.
Healthcare is leading the San Gabriel Valley’s recovery adding close to 8,000 jobs in 2013 and between 26,000 and 29,000 jobs over the last decade. Healthcare now accounts for 115,200 of the region’s 645,400 jobs. Over the last 10 years, the largest job growth has been in physician offices (+5,000 jobs), hospitals (+3,900 jobs), home healthcare services (+1,900 jobs), and outpatient care centers (+1,800 jobs).
We aren’t talking about administrative jobs in doctor offices and hospitals which are included in the administrative and support services sector. These jobs are health practitioners - people with M.D. degrees and professionals who are registered or licensed to provide health services like dental hygienists or dietitians. These are good paying jobs with average annual salaries between $55,000 and $64,000.
The growth in healthcare has also generated job growth in other related industries. Scientific research and development services, management and technical consulting, and pharmaceutical and medical manufacturing are also adding jobs.
Healthcare is not the only sector adding jobs. 2013 saw an increase of 3,200 jobs in leisure and hospitality - the businesses that support tourism. This is on the heels of adding 2,900 jobs in 2012. Tourism is a growing industry throughout Los Angeles County and 2013 was a banner year with a record 42.1 visitors coming to the LA region. These visitors spent a record $16.5 billion.
The SGV is benefiting from these visitors - especially from Chinese tourists. They come to the SGV to visit friends and family, to see the Lio Fang Yuan Garden - Garden of Flowing Fragrance - at Huntington Library, to visit the Hsi Lai Temple and of course to enjoy authentic Asian foods - just as good as back home.
The average SGV hotel occupancy rate increased to an impressive 77.4 percent in 2013 - up from 61 percent in 2009. The average SGV room rate was $129.89 - up from a low of $118.52 in 2010. Don’t be surprised to see some new hotels in the SGV. When it comes to tourism...we’re hot.
Another bright spot in the SGV economy is international trade. Our valley has a high concentration of international trade businesses. Some 6.7 percent of the region’s total jobs are in international trade compared with a total of 5.3 percent in Los Angeles County.
The Ports of Long Beach and Los Angeles handled 14.3 million containers in 2013 - a 3.4 percent increase over 2012. The outlook for increased trade in 2014 and 2015 is good. California’s top trading partners are expected to continue to experience strong growth. We certainly haven’t “recovered” yet. We still need 29,000 jobs to get back to the employment total in 2008 - a number we are unlikely to reach before the end of 2015. However, adding 12,240 jobs in a year is a good reason to celebrate.
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