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The Big Picture San Diego Blog


August 2015

August 28, 2015

GLOBAL-SD-LOGO-F-ALL

Lately trade has been on the minds of everyone, with Trade Promotion Authority’s (TPA) passage in June, discussions around the Trans-Pacific Partnership (TPP) hopefully wrapping up this month, and the ongoing negotiations of the Transatlantic Trade and Investment Partnership (TTIP). Exports and trade have become the driving force behind discussions around U.S. job growth and the nation’s continued recovery from the Great Recession.

“As U.S. firms produce and sell their world-class products to customers around the globe, each transaction strengthens our local and national economies, and creates jobs here at home.”U.S. Commerce Secretary Penny Pritzker

We know that supporting companies’ ability to export their goods and services is important for the economic prosperity of San Diego. Exports help sustain jobs, allow companies to pay higher wages, and spur more efficient development of technology and research and development. In 2014 alone, exports supported 72,716 direct and 131,605 indirect jobs.

Earlier this year, the Brooking Institution released new data for its Metropolitan Export Monitor. This data has been the basis for the development of the Go Global San Diego: Trade and Investment Plan, released in March 2015. Although the Export Monitor employs International Trade Administration data, the Export Monitor differs by examining production location vs. origin-of-movement. The full complete methodology can be found by going to the Brookings Institution’s website. Over the next month, we will be examining this new data.                          

In 2014, San Diego was ranked as the 16th largest metropolitan region in the U.S. in terms of its GDP ($206.1 billion) and the value of its real exports ($20.6 billion). However, when comparing export intensity (exports as a share of GDP) among the top 100 metropolitan regions, San Diego ranks 50th (10.03 percent). San Diego has been consistently improving this number over the last four years, ranking 60th (9.62 percent) in 2011. This ranking puts San Diego above peer metros such as Minneapolis (56th), New York (65th), Baltimore (90th), and Washington D.C. (95th).

Even when comparing San Diego’s export intensity to the top 25 metros by GDP, San Diego still falls below the median – ranking 14th. However, San Diego experienced the 2nd largest growth in its exports value, growing by more than 6.6 percent, with San Jose growing at 7.3 percent. Lastly, our region had the largest percent increase in its export intensity – growing by 3.9 percent. The only metro which came close to this level of growth was Seattle, increasing by 2.9 percent.

"San Diego’s international trade opportunities have been moving in a very positive direction since we first examined this element of our economy in 2012. But while we have seen export activity continue to grow each year, there is still a lot more we can be doing to better connect our economy to foreign markets,” said Mark Cafferty, president & CEO at San Diego Regional EDC. “With support from dozens of partners and business groups throughout our mega-region, our Go Global San Diego Initiative aims to increase exports, attract more investment and maximize our global competitiveness.”

The Go Global San Diego Initiative was launched in partnership with more than 20 business, civic, and community leaders. The initiative implements five strategies in order to: (1) drive job growth through expanding FDI and international exports; (2) deepen economic ties between the San Diego region and strategic markets; and (3) enhance our regional identity to increase the region’s global fluency and competitiveness. 

 


In the comings weeks, we will be posting more information regarding San Diego's exports. Subscribe here to receive the latest information. 

 

August 26, 2015

This is part of an ongoing series on the recipients of the MetroConnect Prize, a grant awarded to 15 companies looking to expand into new foreign markets and made possible by JPMorgan Chase. Subscribe here to receive new posts every Wednesday on this topic.


“Are Qualcomm layoffs a disaster for San Diego….” asks Jeff Belk, founder and chairman of Velocity Growth, in a recent Xconomy article. “I don’t think so. Even though this will be very hard for those laid off and their families, it could end up being a watershed moment on a community level.”

Qualcomm’s layoffs – although numbers are unknown for the San Diego region – potentially mean that thousands of “…highly skilled employees across a broad range of disciplines are going to re-enter the job market.” These employees can fill positions at tech companies in San Diego looking for engineering and programming talent. These employees can reapply their skills and work in the life sciences and biotechnology industries assisting in genomic sequencing. These employees can start their own companies and create new technologies that shape the way we interact with our surroundings.

Although he was not laid off, in the case of Erik Bjontegard, former corporate R&D executive at Qualcomm, he did just that – launch his own company, Total Communicator Solutions.

Total Communicator Solutions (TCS) develops innovative, fully integrated mobile marketing communication platforms and customized applications to help clients connect with users, customers and future users in meaningful and measurable ways on mobile devices. Utilizing state-of-the-art beacon technology, TCS’ marketing platform, SparkCompass, enables the delivery of customized and relevant content for real-time consumer engagement.

“San Diego is an important base for us as we are still recognized as a telecom hi-tech innovation center,” said Bjontegard. “If we leverage this, focus on the differences between Silicon Valley’s software focus, and leverage Qualcomm's recognized global leadership in MOBILE - we may be able to put a flag in the sand and capture a leadership role in mobility.”

The success of the hi-tech industry’s small- and medium-sized companies is critical to the region’s future, and increasing their global reach is crucial to that success. Through the MetroConnect Prize, made possible by JPMorgan Chase, companies such as Total Communicator Solutions received $10,000 grants to assist with their next step in going global.

Total Communicator Solutions (TCS) currently operates in Spain, Mexico, the United Kingdom, and New Zealand. By using the MetroConnect funds, TCS hopes to expand its technology across Europe and Asia. It recently completed a proof of concept installation at a EuroCup qualifying match in Oslo, Norway. Due to the successful display, the Norwegian National Soccer Federation is showcasing the reports and videos with many international soccer federations. TCS hopes to have partners in Manchester, London, and Barcelona.

“We are targeting Europe first because their advanced use of mobile smart devices and smart city initiatives,” said Bjontegard. “Barcelona is the world leading Smart City, London has its Tech City, Manchester has MediaCity and in Norway the whole country is going mobile by digitizing their national broadcast network and abolishing all POTs (Plain Old Telephone) lines next year.”


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August 25, 2015

For more than six decades, Kilroy Realty Corporation has been a leader in West Coast commercial real estate markets - providing services to a diverse array of industries spanning the coast from Seattle to San Diego. This week Jamas Gwilliam, vice president of Southern California Development and Investments, elaborates on what the San Diego market means to Kilroy Realty.

1) Please tell us what your company/organization does.
We are committed to creating collaborative, sustainable, highly-amenitized work environments and improving the quality of life in the communities we are a part of. We are proud to work with some of the most innovative companies in technology, engineering, health care, biotechnology, entertainment and professional services.

Kilroy Realty was named #1 Landlord in North America by the Global Real Estate Sustainability Benchmark in 2014 across all asset classes and #5 in the world. Kilroy’s San Diego office, Kilroy Centre Del Mar was most recently awarded The International Office Building of the Year (TOBY) award in July 2015 which is a testament to the quality of operations the company stands for.

We are passionate about being environmentally responsible and improving the quality of life throughout the West Coast: Kilroy is the major donor for the Rozalia Project for a Cleaner Ocean, participating in furthering their mission of marine preservation and education.

2) What are some advantages to being located/doing business in San Diego?
San Diego has one of the most diversified economies in the world with a phenomenal bench of intellectual talent.  At the hub of this economy are some of the finest educational institutions in the world.  When you add in the great weather compared to other west coast markets and the relatively inexpensive cost of doing business here, San Diego is well positioned to compete globally for talent and future investment. Personally, having grown up here and recently having moved back to San Diego after 5 years in Los Angeles, I love that I can surf before work and still get to the office by 8:30. San Diego’s pace of life is just the right blend of laid-back and ambitious.

3) San Diego is full of dynamic companies, firms and service providers influencing global trends and innovation. Pick another San Diego company that is at the top of its game.
Within our 3 million SF San Diego portfolio, we provide space to many innovative companies.  One dynamic organization that we have done business with is UCSD. The amount of innovation that they are fostering and investment they are making across almost every San Diego employment sector is immense.  As an example, the Altman Research Institute and Jacobs Medical Center are part of a $2 billion building campaign, transforming health and medicine for UC San Diego and for the region.

4) What do you anticipate for your company in five years? What do you anticipate for San Diego?
We hope to strategically increase our presence in San Diego by continuing to adjust our portfolio to reflect what we see are the changing demands in the modern workforce. Before the end of the year, we will complete The Heights Del Mar, a three-story 75,000 SF Class-A  office building prominently located in one of San Diego’s largest employment centers. And as most of San Diego has seen, we hope to begin construction on One Paseo which will be a unique mixed-use community unlike anything else in the county. We are also positioning ourselves to move forward with opportunities on a few of our projects: the Horizon at Carlsbad, in Sorrento Mesa at Pacifica, Sorrento Gateway, in UTC at 9455 Towne Centre Drive, and off SR-56 adjacent to our Intuit Campus, The Meridian at Santa Fe Summit.

Over the next five years, we believe that San Diego will continue to adapt in order to not only compete but also lead in areas of innovation and technology across a multitude of existing and emerging sectors.  We look forward to the opportunities that come with that innovation and change.

August 21, 2015

Phil Blair

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“Every indicator points San Diego in a positive direction, especially employment growth figures, which are really picking up speed. Every year, thousands of education workers temporarily respond as unemployed once schools go on summer break, but these people do not actually leave the labor force. We should not be concerned about the four tenths uptick in unemployment.
Phil Blair, Executive Officer
Manpower San Diego


This post is part of an ongoing monthly series dedicated to the California Employment Development Department (EDD) monthly employment release and is brought to you by Manpower. Click images to enlarge in a new tab/window.

Highlights

The California Employment Development Department (EDD) released statewide county employment data today for the July 2015 period. This month’s data shows that while unemployment climbed slightly in June, the labor force grew and the economy continued growth at a steady rate.

The unemployment rate climbed above 5 percent to 5.4 percent in July. The rate is 1.5 points lower than the previous year and 0.4 points higher than the previous month. The California average rate also climbed to 6.5 percent, while the U.S. average rate climbed slightly to 5.6 percent, meaning San Diego remained much lower than the state and national averages.

The unemployment rate almost always climbs substantially from June to July due to seasonal effects related to education employment. Every year, thousands of education workers temporarily report to EDD as unemployed once schools go on summer break, but these people do not actually leave the labor force. From June to July 2015, public and private education employment fell by 14,500. This drives up the unemployment rate despite an otherwise healthy economy. Looking at the year-over-year change demonstrates this another way. From July 2014 to July 2015, total unemployment filings fell by 20.0 percent and the rate fell by 1.5 points, all while 26,600 people were added to the labor force.

Unemployment Rate

The region’s economy picked up dramatically. San Diego's total nonfarm employment grew by 3.6 percent year-over-year, adding 48,200 jobs from July 2014 to July 2015. This is the highest year-over-year percent change since March 2012 to March 2013. San Diego's growth rate was much higher than the 2.1 percent national rate. The San Diego region is now expected to average 3.2 percent annual growth in 2015, compared to only 2.3 percent in 2014.

Despite the overall seasonal decline in employment, the private sector economy actually added more than 10,000 jobs from June to July, mostly in the tourism and innovation economy. Year-over-year, the total private sector grew by 3.9 percent, outpacing the private U.S. growth rate of 2.4 percent. Roughly three-fourths of all year-over-year private job growth in San Diego came from five key sectors: construction, manufacturing, tourism, health care, and professional, scientific and technical services (PST).

Total Nonfarm Employment

Goods-producing industries continued to show strong growth, alone accounting for 17.1 percent of all private job growth. From July 2014 to July 2015, the manufacturing industry added 2,500 jobs and grew by 2.6 percent growth. The ship and boat building industry continued to grow at an outstanding rate. Meanwhile, the construction industry added 5,000 jobs and grew by 7.8 percent.

The professional, scientific and technical services (PST) sector grew by 7.4 percent year-to-year, and accounted for 21.9 percent of all annual private job growth—the most of any sector in the region. This sector represents many of our innovation employers. Scientific research and development services, a subsector of PST that represents many cleantech and life science companies, grew at an impressive 5.2 percent rate.

YoY

Other key drivers for growth included the region’s health care sector, which added 6,200 jobs and accounted for approximately 14.2 percent of the region’s private job growth. The tourism industry added 8,500 jobs and accounted for 19.4 percent of the region's growth. Employment services or staffing in the region grew by 1,600 jobs and has been steadily increasing all year. All of these industries grew faster than the overall private economy.

It is most important to emphasize that the seasonal climb in the unemployment rate is not indicative of problems in the economy. In fact, the economy appears to continue to pick up speed, particularly in a few key sectors. The unemployment rate is expected to fall the rest of 2015, likely dipping back below 5.0 percent by September. Compared to this time last year, the labor force is way up, unemployment is way down and employment is growing at a faster pace than it has for years, which are all great signs for San Diego.

Contributions

Note: Our Economic Indicators Dashboard will show how our unemployment rate compares to other US metros and the US total rate when that information is released in the coming weeks.

 

August 19, 2015

This is part of an ongoing series on the recipients of the MetroConnect Prize, a grant awarded to 15 companies looking to expand into new foreign markets and made possible by JPMorgan Chase. Subscribe here to receive new posts every Wednesday on this topic.


“The future of water is going to be turbulent for all of us — not far away, but right where we live; not in some distant decade, but next month or next spring. A sense of water insecurity is coming to many places that have never had a water worry.” – Charles Fishman, “How California is Winning the Drought”, New York Times

Water. The world’s most precious resource. It is the fuel of manufacturing and the embodiment of craft beer. It is the heartbeat of international trade and the platform for mass entertainment.

Lately, this resource has been incredibly scarce across the globe, especially in California. However, the innovation coming out of government and business has begun to address this dire need; for instance, Israel overcame its lack of water by building desalination plants. Six years later, Israel is no longer “drying up”. In 2014, Saudi Arabia began construction on the world’s largest desalination plant. Not only is San Diego building the largest desalination plant in the Western Hemisphere in Carlsbad, it is also the world leader in the technology that is enabling these countries to build such important devices that bring potable sea water to the masses.

“San Diego County was the ‘birthplace’ of the commercialization of spiral wound reverse osmosis membrane technology,” said Dr. Gil Dhawan, founder and CEO at Applied Membranes. “Our company, started here and this area is a very desirable place to be – having local access to talented individuals and knowledgeable customers, we can design and manufacture the best available water treatment solutions.”

Reverse osmosis membranes separate the impurities in water to create filtered water, which people can drink or companies can use to manufacture craft beer.

Dr. Dhawan worked extensively with Dr. Sourirajan, the inventor of the first commercial reverse osmosis membranes. After working with one of the industry’s founding fathers, Dr. Dhawan started his own company. Headquartered in Vista, Applied Membranes is a manufacturer and distributor of water filtration systems and components that revolve around this technology.

With more than 175 employees in the region and more than 30 years of experience, Applied Membranes is one of the most global companies in San Diego. It currently does business in North Africa, Europe, the Middle East and many other regions around the world.

San Diego’s maritime industry is one of the largest in the U.S. The success of the industry’s small- and medium-sized companies is critical to the region’s future, and increasing their global reach is crucial to that success. Through the MetroConnect Prize, made possible by JPMorgan Chase, companies such as Applied Membranes received $10,000 grants to assist with their next step in going global.

“We are using the money for targeted travel to Japan and China to set up meetings with prospective customers/distributors and to attend trade shows,” said Dr. Dhawan. “We believe that both countries represent growth markets for our products.”

 


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August 12, 2015

This is part of an ongoing series on the recipients of the MetroConnect Prize, a grant awarded to 15 companies looking to expand into new foreign markets. Subscribe here to receive new posts every Wednesday on this topic.


 

“See it. Do it. Prove it.”
 
According to a ManpowerGroup survey, one in three U.S. employers experience difficulty in filling positions. Portfolium is changing the way companies can connect and find qualified and talented individuals.
 
Portfolium gives students and other job seekers the opportunity to showcase the projects and creations on which they've worked to future employers. Instead of a static page where someone lists their work experience and education, Portfolium introduces a new and innovative way to present one’s capabilities and skills. 
 
"Portfolium is bridging the workforce skills gap by empowering and connecting students from 2,000+ universities with opportunities to discover, develop and prove their skills to employers,” said Adam Markowitz, founder & CEO at Portfolium. 
 
SMEs represent the vast majority of businesses in the region and are responsible for much of the innovation and job creation activity that propels our economy. The success of these firms is critical to the region’s future, and increasing their global reach is crucial to that success. Through the MetroConnect Prize, made possible by JPMorgan Chase, companies such as Portfolium received $10,000 grants to assist with their next step in going global. 
 
"We're incredibly thankful for the MetroConnect Prize, which has already helped broaden our reach and empower thousands of students across the globe,” said Markowitz. “By partnering with global universities and institutions, we're able to reach an even broader and more culturally diverse population making the jump from college to career.”
 
Portfolium currently exports its services to Spain, Mexico and Argentina. With the funds from MetroConnect, Portfolium aims to expand into the United Kingdom, Japan, China and other countries throughout North America, South America, and Asia. 
 
Global engagement is essential if San Diego wants to catalyze its economy and workforce. The benefits of companies going global and engaging foreign markets are well-documented. According to the Brookings Institution, companies that are global pay their employees higher wages, are less likely to go out of business, and spur more efficient development of technology and R&D.


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August 6, 2015

SD Cal Competes - By the numbers(2)

On Friday last week, Assembly Speaker Toni Atkins and more than 40 San Diego businesses attended the first workshop for the Cal Competes Tax Credit Program this fiscal year. Now in its second year, Cal Competes is attracting the attention of a diverse set of businesses all over the state.

Last year, California awarded $175 million in tax credits and this year, the program is set to award more than $200 million to the most competitive applicants in three separate funding rounds.

Cal Competes allows businesses to request a tax credit based on their investment in state and the number of employees they hire in the next five years. Determining how to effectively select a competitive ask is where the EDC team can step in to provide specific insights. Our goal is to help as many companies as possible put their best foot forward. In previous rounds, EDC has worked closely with companies like NASSCO & BAE to submit applications.

If your business is planning to incur significant expenses in the next several years in either capital investments or new hires, EDC is ready and willing to help you join the 33 San Diego County companies who won credits in the first year of the program.

These are your tax dollars. Why not win some of them back?

To learn more about the program, please contact Jesse Gipe at jg@sandiegbusiness.org

Assembly Speaker Toni Atkins Cal Competes

Program Schedule

July 20, 2015, through August 17, 2015 ($75 million available)

January 4, 2016, through January 25, 2016 ($75 million available)

March 7, 2016, through March 28, 2016 ($50.9 million plus any remaining unallocated amounts from the previous application periods)

To learn more about last year’s results: goo.gl/dTqPwL

August 5, 2015

This is part of an ongoing series on the recipients of the MetroConnect Prize, a grant, provided by JPMorgan Chase, awarded to 15 companies looking to expand into new foreign markets. Subscribe here to receive new posts every Wednesday on this topic.


Wearable Sensing

One of the most often misquoted facts about our brain is that we only use 10 percent of it. The original quote, from over 100 years ago, stated “the brain is so complex we only know what 10 percent of it is used for.”

Wearable Sensing’s technology aims to change this perception by expanding scientists’ understanding of the inner workings of the human brain.

Wearable Sensing manufactures and sells wearable, wireless, and dry sensor EEG brain activity monitoring systems. This technology, which was developed at San Diego-based Quantum Applied Science and Research (QUASAR), enables research grade EEG recording in real-world environments. From improving athletic performance for Red Bull professional surfers to mind-controlling robotic arms for arm wrestling to understanding traumatic brain injury in soldiers, Wearable Sensing’s monitoring systems have numerous applications.

As a San Diego-based company, Wearable Sensing is in one of the leading regions worldwide for the convergence of healthcare and wireless technology. Regional institutions and companies, such as UC San Diego, are creating products and devices that are changing the way healthcare is managed and distributed to patients.

“San Diego is a world leader in wireless telecommunications and one of the world leaders in the life sciences,” said Rob McCray, president & CEO at Wireless-Life Sciences Alliance and a MetroConnect Prize judge, in an interview with KPBS. “We are putting tools that enable people to take better care of their own health and even provide management of their health care.

It is because of small- and medium-sized companies that San Diego’s life sciences industry ranks fourth in the U.S. The success of these firms is critical to the region’s future, and increasing their global reach is crucial to that success. Through the MetroConnect Prize, made possible by JPMorgan Chase, companies such as Wearable Sensing received $10,000 grants to assist with their next step in going global.

“We receive inquiries from academic researchers and companies all around the world due to the reputation of our sensors,” said Walid Soussou, president at Wearable Sensing. “We see international distribution as key to our growth strategy.”

Wearable Sensing plans to spend the funding towards completing the necessary steps to receive the CE mark certification. Following the certification, the company will target the European market for expansion. It is currently developing opportunities in Latin America and will further develop contacts in the Asian market. 


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August 4, 2015

The job hunting game is changing. If you’re a programmer looking to score a job at a tech company or a recruiter looking for talent, you are probably placing less of an emphasis on job fairs. Instead, you are probably taking part in the modern-day tech career fair equivalent: a Hackathon.

Contrary to what the name entails, a Hackathon  – at least as we know it – is not a large scale event where people gather to hack into computers and networks. Rather, it’s a multi-day event, where people converge to engage in collaborative computer programming.

Beginning Oct. 2, more than 1,000 students from across the world will meet in San Diego for 36 hours at SDHacks. What started as an idea by the UC San Diego Triton Engineering Student Council (TESC) has already morphed into a grand-scale event. So far, of the 1,000 student signed up, two-thirds of them hail from outside the San Diego region, making SDHacks an attractive place for companies looking for talent.

With companies like Microsoft and Qualcomm already signed up to sponsor, the Hackathon promises to attract some of the best and brightest students from across the globe. 

EDC’s economic development committee has been supporting the work of the TESC. We’re looking for companies to join us in making this a success and ensuring that many of these talented job seekers know San Diego isn’t just a nice place to participate in a Hackathon, but that it’s an excellent place to launch a career.  

Interested? Contact Ashley Swartout at as@sandiegobusiness.org

 

August 3, 2015

Recently, EDC released its June Manpower Monthly Employment Report. Since then, the U.S. Bureau of Labor Statistics has released June employment data on all U.S. metros, which allows us to analyze some key indicators across geographies. Click on images to enlarge in a new window/tab.

HIGHLIGHTS

  • At 5.0 percent, San Diego’s unemployment rate ranked 10th among the 25 most populous U.S. metros.
  • From June 2014 to June 2015, San Diego's unemployment rate fell by -1.4 percentage points, which ranked 3rd.
  • San Diego's total employment grew by 2.8 percent from June 2014 to June 2015, which ranked 10th.
  • San Diego's employment in professional, scientific and technical services (PST) grew by 6.1 percentwhich ranked 3rd.
  • Manufacturing in San Diego grew by 2.8 percent from the previous year, the 6th highest growth rate.

[Unmployment Chart]

The Bureau of Labor Statistics (BLS) recently released employment data for the June 2015 period for all U.S. metro areas. At 5.0 percent, San Diego County’s unemployment rate fell by 1.4 points from this time last year. This was the 3rd largest drop in the nation, among the 25 most populous U.S. metros. That fall put San Diego's rank at 10th among major U.S. metros and it remained below the U.S. overall rate of 5.5 percent.  

[Employment Chart]

When looking at employment growth, San Diego remained well above the national average. From June 2014 to June 2015, the region's employment grew by 2.8 percent, which ranked 10th among the 25 most populous U.S. metros. The U.S. average growth rate was at only 2.1 percent. Growth has slowed substantially across the U.S. in the past few months, but has since picked up the pace. San Diego has consistently outpaced the national employment growth this year and has been among the top 10 competitive metros in the nation.

[PST Chart]

San Diego's innovation economy is largely driving the region's growth. The region is outpacing nearly all other major metros in professional, scientific and technical services (PST) growth. PST is a sector of the economy very heavily associated with the region's innovation clusters. Much of the companies and employment in clusters like biotechnology, biomedical products, cleantech and information technology fall within the PST sector. Employment in the region's PST sector grew by 6.1 percent since last June, the 3rd most out of any metro studied here. This figure was nearly double the U.S. average and only behind California peers San Francisco and Riverside, which is a positive sign for the state and region's key traded clusters.

[MFG Chart]

San Diego's manufacturing sector growth picked up substantially in June. Manufacturing is another key industry for growth in the region, not only because manufacturing jobs are accessible and pay well, but also because certain manufacturing subsectors are critical to the region's innovation clusters. From June 2014 to June 2015, manufacturing employment grew by 2.8 percent. San Diego's manufacturing employment growth was more than double the U.S. rate of 1.3 percent. The region recorded the 6th highest growth rate among major U.S. metros. This marks the first month on record that manufacturing employment grew at or even near the pace of the overall regional economy. San Francisco and Riverside also experienced outstanding growth in their manufacturing sectors, which is a good sign for the state's manufacturing economy.

San Diego's economy continues to track well above the U.S. average and many of its peers. Unemployment is lower than average and the region experienced one of the largest annual drops in the nation. Meanwhile, San Diego's PST industry continues to be among the fastest growing in the nation. It will be interesting to see if the region can continue to experience such stellar manufacturing growth as the industry continues to rebound. 

EDC will be releasing the Manpower Employment Report with July 2015 data for San Diego on Friday, August 21stThank you to Manpower-SD for their ongoing support of EDC's employment trends research.