Labor Market Information
Economic Overviews
The largest sector in Monterey County is agriculture, forestry, and fishing and hunting, employing 56,685 workers. The next-largest sectors in the region are accommodation and food services (22,908 workers) and healthcare and social assistance (21,947). 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 = 20.12), public administration (1.43), and accommodation and food services (1.23).
Housing Affordability in the San Francisco Bay Area
Source: Compass, August 2019.
Housing affordability may be the largest social and political issue in the Bay Area, and the effects of low affordability also greatly impact the general economic picture in a wide variety of important ways – from hiring and business relocation, to the ability of “normal working people” (not enriched by the high-tech boom) to live here. Significant demographic shifts are also taking place as some groups move out and others move in. Read more…
The future of work in America: People and places, today and tomorrow
Source: McKinsey & Co., July 2019.
The US labor market looks markedly different today than it did two decades ago. It has been reshaped by dramatic events like the Great Recession but also by a quieter ongoing evolution in the mix and location of jobs. In the decade ahead, the next wave of automation technologies may accelerate the pace of change. Millions of jobs could be phased out even as new ones are created. More broadly, the day-to-day nature of work could change for nearly everyone as intelligent machines become fixtures in the American workplace. Read more…
Living Wage Calculation for Monterey County, California
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…
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Testimonials
Mr. Harold Dorsey shares his heartfelt story of personal journey from self-doubt to a strong sense of belonging. He spoke of the essential role his employer, the Salinas Valley Solid Waste Authority, played in showing faith and trust in him, and shared that he began to believe in himself because of his employer’s support and confidence. Learn more...
Testimonials
In an interview with Dennis Donohue, Director of the Western Growers Center for Innovation & Technology, on the question of the future of the current workforce and technological changes in Agriculture, he stated, "In order to be successful, we are also going to need to involve our current workforce as we undergo this transition." Learn more...
Testimonials
A roundtable Hospitality discussion was held on December 5th, 2018, led by Jade Arn, the Director of Workforce and Economic Development for the Council for Adult and Experiential Learning (CAEL), and attended by Human Resources executives from some of the largest hotels and prestige properties along the Monterey Peninsula. Lean more...