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Old 08-22-2011, 10:41 PM
 
Location: Los Altos Hills, CA
36,417 posts, read 66,008,479 times
Reputation: 20819

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Ugh. Only 4 Metros saw Manufacturing Job Growth.

Well, at least the Top 2 are in California, in the Central Valley at that.

96 of top 100 markets lose manufacturing jobs since 2006 - The Business Journals
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Old 08-23-2011, 02:32 PM
 
2,093 posts, read 4,599,945 times
Reputation: 1121
This is good news for the local economy, but I am very surprised to see that Bakersfield saw growth in manufacturing growth. I would guess it had something to do with the oil industry here.
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Old 08-23-2011, 03:05 PM
 
1,953 posts, read 4,758,403 times
Reputation: 1946
Bakersfield has Huge Economic Potential because of it's location.
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Old 08-23-2011, 03:50 PM
 
2,311 posts, read 3,427,240 times
Reputation: 1223
Group A has 10 jobs and sees 5 job increase...
has an increase in growth of 50%
Group B has 1000 jobs and sees a job increase of 499 jobs
and has an increase in growth of 49.9% ...

Group A has a bigger increase in job growth (percent wise) but appox 10x less jobs created than group B.

The report ranked based on percent wise growth which is a flawed metric if doing a national comparison. That being said, the noted cities did have the biggest percent growth which is easy when you dont have a large amount of jobs in the first place... Further, the timeline of capture for growth measurement is suspect

Just providing some perspective.
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Old 08-23-2011, 06:28 PM
 
25,621 posts, read 35,989,391 times
Reputation: 23273
Well the math seems to work out to about 500 jobs for Bakersfield and about 800 for Modesto in a five year period. Given the economic climate and their population base those are fairly good numbers.
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Old 08-23-2011, 06:54 PM
 
1,953 posts, read 4,758,403 times
Reputation: 1946
At least it's something positive to see for California


Quote:
Originally Posted by yeahthatguy View Post
Group A has 10 jobs and sees 5 job increase...
has an increase in growth of 50%
Group B has 1000 jobs and sees a job increase of 499 jobs
and has an increase in growth of 49.9% ...

Group A has a bigger increase in job growth (percent wise) but appox 10x less jobs created than group B.

The report ranked based on percent wise growth which is a flawed metric if doing a national comparison. That being said, the noted cities did have the biggest percent growth which is easy when you dont have a large amount of jobs in the first place... Further, the timeline of capture for growth measurement is suspect

Just providing some perspective.
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