San Gabriel Valley Economy – “The San Gabriel Valley added 12,240 jobs in 2013 – the largest yearly job increase since the recession devastated the local economy” …
San Gabriel Valley Economy:
12,240 Jobs Added In 2013
The San Gabriel Valley economy is showing some solid signs of life with new numbers coming in regarding employment. In 2013 the area added 12,240 jobs. The Healthcare and Tourism industries are leading the way.
The Healthcare sector is showing some real power. There is a basis there, not just of “periphery” employment, but new positions for physicians themselves. This is very good news. Physicians are the basis of the Healthcare industry, and when new positions for doctors themselves are added, it creates the need for support employment such as nurses, office personel, medical technicians, etc., and more jobs follow.
As far as tourism goes, the San Gabriel Valley tourist industry is hopping! Over the last few years the area has taken its place as a true “tourist destination” in its own right. This is supported by visitors from China,of course, but also from areas like Canada and many from Europe as well.
Here’s a great article we found this morning that goes into some really interesting deatils. It was written by Cynthia Kurtz, President and CEO of SGV Economic Partnership. It originally appeared in Crown City News.
http://crowncitynews.com Tue, 17 Jun 2014 19:19:54 GMT
Healthcare is leading the San Gabriel Valley’s recovery adding close to 8,000 jobs in 2013 and between 26,000 and 29,000 jobs over the last decade. Healthcare now accounts for 115,200 of the region’s 645,400 jobs.
San GabrielValley Economy Also Benefits From International Trade
The area also has benefitted from many jobs revolving around International Trade. It might seem surprising, but there are more businesses in the San Gabriel Valley area that focus on international trade than there are in the Los Angeles area proper. With the Port of Long Beach and the Port of San Pedro both increasing capacity, this will be an important support to the San Gabriel Valley economy in the future.
All in all, we still need to add more jobs. We’re not yet caught up to where we were at the meltdown of 2008. But this news today is very good and indicates things are definitely moving in the right direction.