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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Tenchusatsu who wrote (247054)	8/23/2005 4:01:59 AM
From: tejek	Read Replies (1) \| Respond to of 1581930

I've read articles in the OC Register. Can't remember exact details or provide links, but that's what I remember. It seemed most of the job growth in the OC, at least last year, was kind of a self-fulfilling prophecy or Ponzi scheme, for lack of a better description. Maybe this year it's a little better. Apartment vacancy rates are still extremely low, even as rents continue to climb with housing prices. Obviously people are still moving here and finding work. Jobless rate here, IIRC, is 3.9%. I just did a quick search. Job growth in the OC slowed to a crawl during the first three years of the new century. After the recession in the early 1990s, the OC averaged 45K jobs per year from 1994 to 2000. From 2002-2003, the increase was only 7K and 19K since 2000. Tech did not grow at all. Of course, we were in a recession until at least 2002. I would be curious to see what job growth has been for the past two years. 66.102.7.104 Actually, I just found Chapman University's annual prediction for OC job growth in 2005. Its better than the first three years of this century......they are predicting 21K new jobs for all of 2005. This is on top of the 25K jobs they claim were created in 2004. Those numbers still pale compared to the growth in the 1990s. 66.102.7.104 ted