Keh Recruiting Presentation
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Transcript of Keh Recruiting Presentation
Bakersfield, CaliforniaFlourishing within Kern County
Employmentand
Cost of Living
Kern County…Looking Forward
Employment, % change yr ago, 3-mo MA
Sources: BLS, Moody’s Analytics
Jobs Momentum Will Extend into 2012
Job Growth In Bakersfield Surpasses U.S. Non-farm employment
201220112010200920082007200620052004200320022001
6
4
2
0
-2
-4
-6
-8
Percent change, year ago
United States
Bakersfield
California
Job Growth Comparison across California MetrosNon-farm employment
121110090807060504030201
8
6
4
2
0
-2
-4
-6
-8
-10
-12
-14
Percent change, year ago
Silicon Valley
San Diego
United States
Los Angeles
Bakersfield
Five-year Job GrowthCA
rank MSA5yr job growth
2005-2010Overall
rank1 Bakersfield, CA MSA 104.1 392 San Francisco-San Mateo-Redwood City, CA Metropolitan Division 101.6 683 San Jose-Sunnyvale-Santa Clara, CA MSA 101.0 894 Visalia-Porterville, CA MSA 100.2 1085 Salinas, CA MSA 98.2 130
2005–2010
Five-year Wage and Salary Growth 2004–2009
Overall Index 2011
CA rank MSA
5yr wage growth
2004-2009Overall
rank1 Bakersfield, CA MSA 112.3 122 Visalia-Porterville, CA MSA 106.6 383 Vallejo-Fairfield, CA MSA 105.4 454 Merced, CA MSA 104.9 495 San Francisco-San Mateo-Redwood City, CA Metropolitan Division 104.8 50
CA rank MSA 2010 Rank 2011 Rank
1 Bakersfield, CA MSA 27 472 San Jose-Sunnyvale-Santa Clara, CA MSA 132 513 San Francisco-San Mateo-Redwood City, CA Metropolitan Division 103 524 Merced, CA MSA 168 635 San Diego-Carlsbad-San Marcos, CA MSA 76 69
Working-Age Population (Ages 18-64) Growth Relative to 2005
Employment & Unemployment
2008-2009 2010-2011 2010 2011
Nonfarm Jobs -15,300 +7,900 +2,300 +5,600
Sources: BLS, Moody’s Analytics
Employment, % change year agoEmployment Growth Will Be Broad Based
Agricultural and natural resources employment, % of total
Sources: BLS, Moody’s Analytics
… Due to Makeup of Core Industries
Sources: BLS, Moody’s Analytics, WSJ
Oil Prices Spur Natural Resources Jobs
Cost of doing business, 100=U.S.
Source: Moody’s Analytics
Low Operating Costs Are an Asset
Housing affordability, % of median house/income
Sources: Moody’s Analytics
Valley Regains Housing Affordability Edge
Housing Prices Remain Low
Bakersfield Has Ranked High Among Best-Performing Cities
17
12
36
27
47
50
45
40
35
30
25
20
15
10
5
0
2007 2008 2009 2010 2011
Overall rank
2007–2011
Business Overview
Industry Employment 2008
Projected Employment
2018
Growth Percentag
e
Professional Services 25,000 31,300 25.2%
Healthcare Services 23,600 33,300 41.1%
Transporation/Warehousing
9,600 10,700 11.5%
Energy and Natural Resources
10,700 11,400 6.5%
Manufacturing 13,700 15,500 13.1%
Agriculture 49,600 48,800 -1.6%
Local Industry Projections
Company Business Type Number of
Employees
Grimmway Enterprises Agriculture 4,600
Giumarra Vineyards Agriculture 3,500
Mercy & Memorial Hospitals
Health Care 3,053
Wm. Bolthouse Farms Agriculture 2,350
San Joaquin Community Hospital
Hospital 2,100
Chevron Oil Production 1,500
State Farm Insurance Insurance 1,269
Paramount Citrus Agriculture 1,000
Aera Energy LLC Energy 950
Kaiser Permanente Health Care 850
Rio Tinto Minerals-Borax Chemicals 813
Sun World Agriculture 800
Target Distribution Center Retail Distribution
661
Frito Lay Food Processing
632
Kern County’sTop Private Employers
Annual Base Salary City Salary Required to Maintain Same
Quality of Life in Bakersfield, CA
$50,000.00 Fresno, CA $44,991
$50,000.00 Los Angeles, CA $36,926
$50,000.00 Riverside, CA $43,998
$50,000.00 San Francisco, CA $30,103
$50,000.00 San Diego, CA $37,881
$50,000.00 Sacramento, CA $42,753
Annual Salary Comparison
Quality of Life
Cost of Living Index
Rent Total Percentag
e
Less than $200 2.0%
$200 - $299 3.3%
$300 - $499 9.1%
$500 - $749 24.5%
$750 - $999 24.4%
$1,000 - $1,499 24.2%
$1,500 or more 12.5%
Median Rental Cost
$855
Rent Paid in Kern County
Climate – Bakersfield and Kern County
•Average Annual Temperature 65.3º F
•Average High 76.9º F, Average Low 53.6º F
•January Temperature
•Average High 56.0º F, Average Low 39.0º F
•July Temperature
•Average High 97.0º F, Average 70.0º F
•Precipitation – Annual Rainfall 5.4 Inches
97.7%
110.8% 111.8%
130.8% 131.1%
152.4%161.3%
0.0%
20.0%
40.0%
60.0%
80.0%
100.0%
120.0%
140.0%
160.0%
180.0%
Bakersfield Fresno Riverside San Diego LosAngeles
San Jose SanFrancisco
Quality of Life
Areas Bakersfield Fresno Riverside San Diego Los Angeles
Peak Time Travelers (per day) 300,000 380,000 1.1 million 1.7 million 7.2 million
Freeway Vehicle-Miles of Travel (per day) 2.2 million 3.9 million 23.3 million
37.4 million 132.2 million
Congested Travel During Peak Time (per day) 34% 42% 81% 74% 93%
Time Lost/Peak Traveler (per year) 10 hours 13 hours 31 hours 38 hours 64 hours
Congestion Cost/Peak Traveler (per year) $232 $260 $684 $794 $1,334
Gross Domestic Product (GDP) San Joaquin Valley 2001 - 2010
2011 Annual Commute Pattern Comparisons
15.7
26.5
29.4
19.9
28.129.5
13.5
19.0 19.4
10.6
14.7 15.2
7.3
10.211.3
0
5
10
15
20
25
30
2001 2006 2010
Bakersfield
Fresno
Stockton
Modesto
Visalia