Josephine County Job Growth Continues in the Second Quarter of 2019November 7, 2019 In addition to sustaining strong job growth performance, the average pay per job in Josephine County rose by 5.1 percent from the second quarter of 2018 to the second quarter of 2019. On an annual basis, the average wage per job reached $38,988 in the second quarter of 2019, up from $37,108 during the second quarter of 2018. With U.S. consumer prices rising 1.7 percent during that same period, this represents a real, or inflation adjusted, average pay per job increase of 3.4 percent in Josephine County. It doesn’t mean the average worker got about a 5 percent raise, it could be a variety of factors including a shift in the mix of jobs, or more hours being worked affecting the average pay per job figures.
The other positive news comes from the job growth figures, which have seen continued strength, similar to the past few years as we were recovering from the Great Recession. Job growth remains broad-based, with a particularly robust rise in social assistance jobs, up by about 420 between the second quarter of 2018 and the second quarter of 2019. The only sector showing notable job loss during that period was retail trade, which lost 180 jobs, or a decline of 4.2 percent over the year.
Industries Contributing to Recent Gains
Health Care and Social Assistance: This perennial job growth sector continued to add jobs through the second quarter of 2019, up by 424 or a gain of 7.6 percent. The social assistance component accounted for most of that increase. Social assistance employment increased by nearly 32 percent over the year in Josephine County.
Trade: Wholesale trade employment has been in longer-term decline since about 2008 when there were nearly 1,100 jobs to about 730 in late 2018. Between the second quarter of 2018 and the second quarter of 2019, the county gained about 30 jobs back. Retail trade lost 180 jobs during that period in Josephine County. The weakness was broad-based with every published component losing jobs, most notably motor vehicle parts and dealers (-42); miscellaneous store retailers (-32); general merchandise stores (-32); and food and beverage stores (-21) with the largest net job declines.
Leisure and Hospitality: Employment is this sector regained its previous pre-recession peak back in 2014 and added jobs steadily through summer 2018, now up about 800 jobs above that prior peak reached in 2007. Between the second quarter last year and second quarter 2019, this sector gained 225 jobs for an increase of 6.5 percent. Food services and drinking places added about 175 jobs while accommodations employment rose by about 50 jobs.
Financial Activities: This industry grew nearly 7 percent over those four quarters, gaining about 90 jobs. Within financial activities, real estate, rental and leasing (+37); and insurance carriers and related activity (+31) added the most jobs.
Manufacturing: Typically “traded-sector” manufacturing employment posted a gain of 105 jobs over the year ending in June 2019. Gains were broad-based among the component industries with the most jobs added in plastic and rubber (+34); chemical (+15); and transportation equipment manufacturing (+14).
Professional and Business Services: A mixed bag of job trends in the component industries within this sector as administrative and support services gained 63 jobs while employment in professional and technical services slipped by a dozen payroll jobs.
Those are some highlights from the most recent release of second quarter 2019 data from the Quarterly Census of Employment and Wages. For more information, click here.