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John Husing, Ph.D. Economics & Politics, Inc. Chief Economist, IEEP

Dive into the economic landscape of Southern California with insights on job growth, industrial markets, real estate trends, and more. Discover how various sectors are impacting the region's prosperity. Stay informed to make informed decisions.

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John Husing, Ph.D. Economics & Politics, Inc. Chief Economist, IEEP

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  1. So. California Prosperity . . . John Husing, Ph.D. Economics & Politics, Inc. Chief Economist, IEEP

  2. U.S. Jobs Still Setting Records

  3. 17.9% Add Potential Workers: Given Up Or Part Time 10.1% 6.9% 3.6%

  4. Inflation: NOT MUCH! 3.3% 2.0%

  5. Interest Rates: A Short Term Rate Decrease? 4.12% 2.50%

  6. Yield Curve: Potential Recession Predictor Recession: 2020 Likelihood An Issue 2 Year to 10 Year 0.22%

  7. TARIFF MAN?

  8. California Job Gains/Losses

  9. Southern California

  10. Four Southern County Economy Gaining Strength! 2011-2018 Add +1,212,300 Jobs 8.3% Above 2007 Level 2008-2010 Lost -625,500 Jobs

  11. Job Quality: Split

  12. Unemployment Rates March 2019

  13. Gold Mine Theory Secondary Tier Primary Tier

  14. Industrial Market

  15. Logistics

  16. E-Commerce 14.5%

  17. Port Container VolumesRecord Levels

  18. Logistics Powerful Job Growth • 2011-2018 • 13.2% of New Jobs

  19. Manufacturing

  20. U.S./CA Manufacturing Job Growth

  21. CA Electrical Cost +88.0% +127.8%

  22. Marijuana?

  23. Manufacturing Jobs • 2011-2018 • -0.9% of Job Growth

  24. Industrial Construction

  25. Construction Locations

  26. Net Industrial Absorption 21.9 million

  27. Industrial Rates & Vacancies Lease Rates Per Square Foot Per Month, March-2019 Central Valley $0.46 6.0% Inland Empire $0.58 3.6% Ventura $0.87 1.5% Los Angeles $0.88 1.4% Orange $0.92 2.4% San Diego $0.98 4.2% Source: CB Richard Ellis

  28. Residential Market

  29. New Home Sales Volumes -35.2% -35.2% -34.1% -29.8% -47.8%

  30. Existing Home Sales Volumes -14.0% -12.9% -9.4% -5.3% -18.0% -16.9%

  31. Residential Prices

  32. Housing Unaffordability

  33. Office Market

  34. BA or Higher, 2017

  35. Professionals & Mgmt., Higher Ed., Utilities, Information & Government 2011-2018 13.5% of Growth

  36. Office Asking Lease Rates

  37. Office Vacancy Rates

  38. Net Office Space Absorption, 2018 ytd

  39. Office Construction

  40. Construction Jobs • 2011-2018 • 10.3% of Job Growth

  41. Health Care

  42. ACA Impact

  43. Health Care Jobs: Continuous Growth • 2011-2018 • 12.0% of Job Growth

  44. Population Serving Sectors E-commerce death High End Consumers Still Doing Well 3rd Strongest Inland Sector

  45. Retail Jobs: An Issue • 2011-2018 • 15.5% of Job Growth • 2011-2018 • 6.1% of Job Growth

  46. Retail Job Growth: E-commerce in Action

  47. Net Retail Space Absorption

  48. Retail Vacancies

  49. Retail Space Under Construction

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