Employment Trends

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Employment Trends

• June 2009 unemployment rate 13.6
• 23 Consecutive Months of Yr/Yr Job Declines
• Median Home Sales Price 380,000/140,000
• Inland Empire industry employment data
• Construction job losses from peak 61,700 or
  46.5
• Manufacturing 30,700 or 24.5
• Retail 31,900 or 17.2
• Financial activities 9,000 or 17.2

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Brookings - MetroMonitor Worst 20 Metro Areas
REOs

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Brookings - MetroMonitorWorst Performing Metro
Areas
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Building on Strengths

• Part of a Large Regional Economy
• 20 million people in five county area
• 1 Trillion in regional GDP
• Advanced Transportation Network
• Interstates 10, 15, 40 215
• Rail nexus with BNSF Union Pacific
• Ontario International Airport, SBIA SCLA
• International Trade
• 46,000 jobs and 1.6 billion in aggregate income

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Countys Efforts to Mitigate the Impacts

• Newly funded assistance programs NSP Recovery
  Corporation, Youth Programs
• Outreach to prospective homebuyers
• Expanded workforce programs to directly help job
  seekers Workforce Development Dept.
• Business Retention Efforts Job Fairs
• Information for businesses
• Business workshops on boosting performance
• Business export training

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Key Issues Obstacles Moving Forward

• Government Guidelines - ARRA
• Its the Private Sector, Stupid.
• Capital Follows Certainty
• Self Assessment

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• Adversity has the effect of eliciting talents,
  which in prosperous circumstances would have lain
  dormant - Horace