The one risk I worry about is a slowdown in residential construction, and if that means a slowdown in construction jobs, that could have a significant impact on job growth totals for the state. A lot of our job gains have been construction and construction-related. At one time, as much as 40 percent of job gains were related to building things.
More Quotes from Howard Roth:
That's the major risk, but nobody has told the construction sector in California because they were again the leading job growth sector (in December).Howard Roth
It's a fairly weak report.
Howard Roth
What's happening is not so much that more people are leaving but that fewer people are coming. Our housing prices are pretty daunting, even more so than two years ago.
Howard Roth
Last year was better than we thought, particularly in the second half.
Howard Roth
We went into the new year with pretty good momentum and those job gains are spread across nine of the 11 major industry sectors. There's better distribution of job growth now than there was last year at this time.
Howard Roth
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