PRTODAY / NewswireToday Free press release distribution service network

More news: Economy
Written by / Agency / Source: MAYO Communications

Check Ads Availability|e-mail Article

Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Manufacturing Remains Leading Provider of Jobs in Southern California - Los Angeles County loses jobs, but is still top manufacturing center in the United States
Manufacturing Remains Leading Provider of Jobs in Southern California


NewswireToday - /newswire/ - Los Angeles, CA, United States, 2007/03/27 - Los Angeles County loses jobs, but is still top manufacturing center in the United States.

Your Banner Ad Here instead - Showing along with ALL Articles covering Economy Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


There were mixed trends in manufacturing in Southern California during 2006, according to “Manufacturing in Southern California,” which was released today by the Los Angeles County Economic Development Corporation (LAEDC) in conjunction with the WESTEC Manufacturing Technology Exposition and Conference at the Los Angeles Convention Center.

“Orange and Ventura Counties, and the Riverside-San Bernardino area all added factory jobs during 2006, which was counter to the national trend,” said Jack Kyser, Chief Economist, LAEDC. “However, Los Angeles County saw 9,400 factory jobs disappear from 2005 to 2006. Despite this, Los Angeles County was still the nation’s number one manufacturing center.Its 2006 manufacturing employment average of 462,300 jobs was well ahead of number two Chicago’s average of 390,200 jobs. Detroit remained in third place with 268,800 jobs.” The latter two areas also experienced job losses.

The LAEDC report calculated that there were 911,000 manufacturing jobs in Southern California during 2006 (this region is defined as the Los Angeles five-county area plus San Diego County). “This would make the area the nation’s third largest manufacturing ‘state,’ behind California (1,505,000 jobs) and Texas (926,000 jobs),” noted Kyser. “What are the implications of this large factory workforce,” asked Kyser. “This sector represents a huge market for all types of suppliers (goods and services) and means that local manufacturers can find inputs right in their backyard.”

The LAEDC report highlighted some important realities about manufacturing:

- Manufacturing jobs do not tell the whole story of what’s going on in the sector. Firms have made a heavy push to raise productivity by investing in plant and equipment and by using temporary help. Thus, manufacturing output has held at high levels despite the decline in employment.

- When you say manufacturing, most people tend to picture factories belching smoke and unpleasant odors. The reality is that manufacturing in S3outhern California tends to be small-to-medium sized firms often in high-tech type of activities.

- Manufacturing tends to have a higher job “multiplier,” meaning that more indirect jobs in other industries are supported by every direct position in manufacturing.

- Local manufacturing firms are under heavy competitive pressure, often from off-shore production. Many are being wooed by other states who point out the high cost of doing business in California.

Despite the up-tick in jobs seen in some local areas, manufacturing faces lots of challenges. One will come from AB 32, the state’s greenhouse gas legislation. Determining the full impact of this could bring some unpleasant and costly surprises.

The other challenge is industrial real estate. “While the manufacturing employment news for Southern California has been generally downbeat, the industrial vacancy rates for the region have been stunningly good,” said Kyser. “In Los Angeles County at year-end 2006 the rate was 1.5 percent, which was the lowest in the nation. Ventura County had a 2.4 percent industrial vacancy rate, San Diego County was at 3.6 percent, while Orange County was at 3.8 percent.” The LAEDC report pointed out that there are other users of industrial space, including the fast growing international trade/logistics industry, printing and publishing, and the region’s signature industry, motion picture production. And manufacturers are investing in plant and equipment to avoid hiring full-time staff.

“Large blocks of developable land are becoming scarce in Los Angeles and Orange counties, and residential developers have been buying industrial land either for conversion of an existing structure to a “trendy” loft, or to build high-rise residential, many with retail on the ground floor,” Kyser observed. “With the tight real estate market, many industrial firms are nervous that they will soon get significant increases in their lease rates, or, worse yet, have their building sold out from under them. Either event could be devastating,” said Kyser.

The LAEDC report forecast that there would be continued manufacturing employment growth in Orange and Ventura counties and in the Riverside-San Bernardino area in 2007. The latter would move to a new high level of factory employment, an average of 125,200 jobs.

The LAEDC report pointed out that given the challenge of K-12 education in the region, manufacturing can offer a career path that could lead to middle-class economic status. In a recently released quality of life index for Los Angeles County, United Way of Los Angeles noted that the steady decline in the manufacturing sector, which it pointed out provides stable, well-paying jobs, was having an impact on the quality of life in the County.

“We need to pay more attention to manufacturing, as the sector still offers opportunity,” said Kyser. “However, it will take some innovative thinking to stabilize jobs in the sector.”

The LAEDC manufacturing report covers Los Angeles, Orange, Riverside, San Bernardino, San Diego and Ventura counties. For Los Angeles and Orange counties, and the Riverside-San Bernardino area, it also provides analysis by sub-area.

The LAEDC, the region’s premier business leadership organization, is a private, non-profit organization established in 1981 under section 501(C)(3). Our mission is to attract, retain, and grow business and jobs in Los Angeles County. Since 1996, the LAEDC has helped retain or create more than 128,834 jobs, providing $5.3 billion in direct economic impact from salaries and $91.3 million in annual tax revenue benefit to Los Angeles County.

Your Banner Ad Here instead - Showing along with ALL Articles covering Economy Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


Written by / Agency / Source: MAYO Communications


Availability: All Regions (Including Int'l)


Traffic Booster: [/] Quick Newswire Today Visibility Checker


Distribution / Indexing: [+]

# # #
  Your Banner Ad showing on ALL
Economy articles,
CATCH Visitors via Your Competitors Announcements!

Manufacturing Remains Leading Provider of Jobs in Southern California

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

Publisher Contact: George Mc Quade - 
818-340-5300 Publicity[.]
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any MAYO Communications securities in any jurisdiction including any other companies listed or named in this release.

Economy via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY

Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Read Latest Articles From MAYO Communications / Company Profile

Read Economy Most Recent Related Newswires:

Frost & Sullivan to Explore Investment Opportunities in Nepal Amidst Economic Transformation
The Buy American Campaign Debuts Crowdfunding
United ASEAN Economy to Power Regional Trade and New Growth Opportunities Finds Frost & Sullivan
Frost & Sullivan’s IKC Enables Companies to Assess their Financial Performance in Relation to their Peers, based on Top-Bottom Scores
Iran Economy Exhibits Renewed Optimism, Open for Investments Across Industries, Targets Export Markets Notes Frost & Sullivan
Elevated Investment of $55.6 bn in Infrastructure Development Anticipated for Kenya Finds Frost & Sullivan
Industry 4.0 Business Ecosystem to Change Dynamics in the Global Industrial Landscape Finds Frost &Sullivan
Frost & Sullivan Assesses the Investment Climate in India and its Impact on Next-Generation Investors
Frost & Sullivan Launches Malaysia Mega Trends Report in Collaboration with Malaysian Investment Development Authority
Austria’s Government to Pass New Tax Package
Global Leaders Identify Critical Issues to Overcome Economic Development Challenges At the Economic Development Innovation (EDI) Council Meeting
Russian Internet Remains Growth Hotspot in the Country’s Economy Finds Frost & Sullivan
Converging Industries and Smart Cities to Present Market Opportunities Worth $1.5 Trillion by 2020 Says Frost & Sullivan
Business Credit Quality Weakened in August Says WAIN Street Business Default Index
GE to Invest $2 Billion in Africa by 2018

Boost Your Social Network
& Crowdfunding Campaigns

NewswireToday Celebrates 10 Years in Business


Visit  NAKIVO, Inc.

Visit  RightITnow Ltd

  ©2017 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (