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  1. XBoxBoy
    October 27, 2008 @ 10:58 AM

    Rich Toscano wrote:One bright
    [quote=Rich Toscano]One bright spot: the manufacturing sector, while still shrinking slightly, is doing so at a notably slower pace than it was last year.

    Is that just because there is so little manufacturing left that it simply can’t shrink much more? Also, if there is manufacturing left, will layoffs accelerate now that the dollar is rising?


    • jpinpb
      October 27, 2008 @ 2:44 PM

      So if credit is tightening
      So if credit is tightening and you have to now prove you can make payments and have to put money down, how many people employed in leisure/hospitality or education will be able to buy a place unless it is going to meet the stringent criterias. That tells me the pool of buyers may be shrinking.

  2. Anonymous
    October 27, 2008 @ 10:20 PM

    I find it hard to believe
    I find it hard to believe hospitality and leisure has had an increase in employment. If this is true, I imagine there is going to be steep reversal very soon.

    • La Jolla Renter
      October 29, 2008 @ 11:44 AM

      Every small business owner I
      Every small business owner I know is down 10% to 50% in sales for 2008. I would imagine a lot of San Diego layoffs at the end of the year.

      Rich, what is the lag time on your data?

      • Rich Toscano
        October 29, 2008 @ 11:50 AM

        The data is from September.
        The data is from September. It’s an estimate, though, and adulterated by the BLS “birth death model” as described in these two articles:

        So the data is probably still overstating employment.


      • nostradamus
        October 29, 2008 @ 10:40 PM

        Is restaurant/waitressing in
        Is restaurant/waitressing in the hospitality section of the graph?

        I was in the pool hall Society today in PB and while I was there saw about a continuous stream of women come in to apply for a job. I asked the manager how many applied and he said he got 55 applications, many with “professional resumes” attached. This is for waitress in a pool hall, and these women weren’t teens or college-aged. They were mid to late 20’s or 30’s (the ones I saw). I asked if this is normal and he said he’s never seen it like this.

  3. speaker
    November 3, 2008 @ 9:29 AM

    Where do the


    Where do the biotech/pharmaceutical jobs get accounted for in this graph?

    • Rich Toscano
      November 3, 2008 @ 11:49 AM

      nostra: yes.
      speaker: i would

      nostra: yes.

      speaker: i would assume healthcare but i’m not certain.


      • speaker
        November 3, 2008 @ 12:32 PM

        That would be my assumption
        That would be my assumption also. You hear the mantra about how diversified the San Diego economy is because it includes high paying jobs in tech/software and pharmaceutical/biotech/biomed areas that I find it puzzling that it does not have its own category. I work in the biotech/pharma sector and we have been getting hammered. It is a very grim time locally for biotech/pharma. The biotech/pharma industry as a whole is undergoing contraction. Therefore, you can expect a similar contraction locally.

      • nostradamus
        November 3, 2008 @ 6:08 PM

        I have many friends in
        I have many friends in biotech/pharma and many were laid off. These are not slackers either, they are hard-working, smart types.

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