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Labor Market Information

Monthly Snapshot – November

Monthly Snapshots Archive

Unemployment Rate

(Source: EDD Labor Market Division.)

Economic Overviews

The largest sector in Monterey County, California is Agriculture, Forestry, Fishing and Hunting, employing 58,514 workers. The next-largest sectors in the region are Accommodation and Food Services (23,674 workers) and Health Care and Social Assistance (22,402). High location quotients (LQs) indicate sectors in which a region has high concentrations of employment compared to the national average. The sectors with the largest LQs in the region are Agriculture, Forestry, Fishing and Hunting (LQ = 21.13), Public Administration (1.43), and Accommodation and Food Services (1.24).

Our Work-from-Anywhere Future

a grid of multi-color houses

The pandemic has hastened a rise in remote working for knowledge­ based organizations. This has notable benefits: Companies can save on real estate costs, hire and utilize talent globally, mitigate immigration issues, and experience productivity gains, while workers can enjoy geographic flexibility. At the same time, concerns include how to communicate across time zones, share knowledge that isn’t yet codified, socialize virtually and prevent professional isolation, protect client data, and avoid slacking. Research into work-from-anywhere (WFA) organizations and groups that include the United States Patent and Trademark Office, Tata Consultancy Services, and Gitlab (the world’s largest all-remote company) highlights best practices and can help leaders decide whether remote work is right for their organizations. Read more…

Filling the Lifeboats: Getting Americans Back to Work in the Pandemic

closed sign on a store window

The coronavirus pandemic has done something no foreign power, economic recession, or natural disaster could ever do: it has brought the American job market as close as it has ever come to a sudden, shuddering halt. And simply lifting social distancing restrictions isn’t going to be enough to restart it again. Read more…

Source: Burning Glass Technologies, July 2020

Living Wage Calculation for Monterey County, California

piggy bank

Source: MIT

The living wage shown is the hourly rate that an individual must earn to support their family, if they are the sole provider and are working full-time (2080 hours per year). All values are per adult in a family unless otherwise noted. The state minimum wage is the same for all individuals, regardless of how many dependents they may have. The poverty rate is typically quoted as gross annual income. We have converted it to an hourly wage for the sake of comparison. Read more…

farmer

Priority Industry Sector Reports & Overviews

agriculture sectorAgriculture, Forestry, Fishing, and Hunting

Monterey County is recognized as the “Salad Bowl of the World.” Its temperate climate, rich soils, and unparalleled infrastructure support system make this the ideal growing area for cool season vegetables, wine grapes, strawberries, and flowers. The County is also the home of the packaged salad and pre-cut fresh vegetables, representing 90% market share of the fresh vegetable value added industry. Because the agriculture here is year-round and highly labor intensive, Monterey County has the State’s highest agricultural payroll.

hospitality food sectorHospitality and Tourism

The Hospitality/Tourism sector includes a wide range of establishments that operate facilities or provide services to meet varied cultural, entertainment, and recreational interests of their patrons. This sector comprises (1) establishments that are involved in producing, promoting, or participating in live performances, events, or exhibits intended for public viewing; (2) establishments that preserve and exhibit objects and sites of historical, cultural, or educational interest; and (3) establishments that operate facilities or provide services that enable patrons to participate in recreational activities or pursue amusement, hobby, and leisure-time interests.

healthcare sectorHealth Care and Social Assistance

Over the ten year period ending 2018, employment in Health Care and Social Assistance for Monterey County, California added 5,967 jobs. After adjusting for national growth during this period and industry mix share, the part of this employment change due to local competitiveness was a gain of 2,811 jobs — meaning this industry was more competitive than its national counterpart during this period.

construction sectorConstruction

The construction sector comprises establishments primarily engaged in the construction of buildings or engineering projects (e.g., highways and utility systems). Establishments primarily engaged in the preparation of sites for new construction and establishments primarily engaged in subdividing land for sale as building sites also are included in this sector. Construction work done may include new work, additions, alterations, or maintenance and repairs.

transportation sectorTransportation and Warehousing

The Transportation and Warehousing sector includes industries providing transportation of passengers and cargo, warehousing and storage for goods, scenic and sightseeing transportation, and support activities related to modes of transportation. Establishments in these industries use transportation equipment or transportation related facilities as a productive asset. The type of equipment depends on the mode of transportation. The modes of transportation are air, rail, water, road, and pipeline.

monterey county line sign
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