The tech-oriented economies in San Francisco, Portland and Seattle are still crawling out from beneath the crash. San Francisco and the Bay area were hit worst, losing 340,000 jobs, with 44 percent of those jobs in the tech area. Portland lost 53,000 jobs and Seattle lost 79,000 jobs, with IT layoffs in both markets accounting for over 20 percent of the lost jobs. Seattle also suffered from layoffs at Boeing. Because of its more diverse economy, Los Angeles weathered the recession better than other areas. The City of Angels is even enjoying a rebirth of its downtown district, with the opening of the new Disney Performance Hall this year and other retail and residential underway. Housing prices are downright astronomical in parts of this region, with the No. 1 and No. 2 priciest addresses in the United States as measured by median home prices. The Bay Area recently logged in at $560,200, and Orange County median homes are priced at $471,700.
|Los Angeles-Long Beach PMSA||20,754||503.6||2,015.3||581.7|
|Orange County PMSA||9,850||182.5||800.5||149.7|
|Riverside-San Bernardino PMSA||9,783||115.1||507.6||205.4|
|San Diego MSA||7,598||108.7||667.4||208.4|
|San Francisco PMSA||5,844*||47.9||585.0||128.1|
|San Jose PMSA||7,647||184.8||438.2||94.4|
|Santa Barbara-Santa Maria-Lompoc MSA||808||12.6||89.9||34.1|
|Santa Rosa-Petaluma PMSA||995||24.0||99.7||23.0|
| NA — Not available |
MSA — Metropolitan Statistical Area
PMSA — Primary Metropolitan Statistical Area
CMSA — Consolidated Metropolitan Statistical Area
^ — This regional electrical contractor employment number utilizes both 2002 and 2003 employment figures. For directional purposes only.
EC — Electrical contractor employees for March 2003. Actual numbers.
* — Electrical contractor employees for March 2002. Actual numbers.
M — Manufacturing employees for July 2003. Source: Bureau of Labor Statistics
C — Commercial account employees (professional and business services, retail trade, financial activities, educational and health services, and other services) for July 2003. Source: Bureau of Labor Statistics.
G — Government employees for July 2003. Source: Bureau of Labor Statistics