Labor Market Risks of a Magnitude 6.9 Earthquake in Alameda County Richard Holden, U.S. DOL/BLS...

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Labor Market Risks of Magnitude 6.9 Earthquake in Alameda County Richard Holden, U.S. DOL/BLS Donna Bahls, California EDD Charles Real, Cal. Geological Survey

Transcript of Labor Market Risks of a Magnitude 6.9 Earthquake in Alameda County Richard Holden, U.S. DOL/BLS...

Page 1: Labor Market Risks of a Magnitude 6.9 Earthquake in Alameda County Richard Holden, U.S. DOL/BLS Donna Bahls, California EDD Charles Real, Cal. Geological.

Labor Market Risks of a Magnitude 6.9 Earthquake in Alameda County

Richard Holden, U.S. DOL/BLSDonna Bahls, California EDDCharles Real, Cal. Geological Survey

Page 2: Labor Market Risks of a Magnitude 6.9 Earthquake in Alameda County Richard Holden, U.S. DOL/BLS Donna Bahls, California EDD Charles Real, Cal. Geological.

Research Question:

Can existing detailed labor market information be mapped against earthquake shaking intensities to produce estimates of economic exposure?

Page 3: Labor Market Risks of a Magnitude 6.9 Earthquake in Alameda County Richard Holden, U.S. DOL/BLS Donna Bahls, California EDD Charles Real, Cal. Geological.

Quarterly Census of Employment and Wages (QCEW)

Developed through a cooperative program between the states and the U.S. Bureau of Labor Statistics Data include detailed industry level establishment counts, annual employment, and annual and weekly wages for every county, Metropolitan Statistical Area, and state

Page 4: Labor Market Risks of a Magnitude 6.9 Earthquake in Alameda County Richard Holden, U.S. DOL/BLS Donna Bahls, California EDD Charles Real, Cal. Geological.

QCEWApproximately 96% of business establishments in California are geocoded to physical location Data are confidential in CaliforniaThe data can be aggregated by geographic areas to provide information on business establishments, industry, employment, and wages

Page 5: Labor Market Risks of a Magnitude 6.9 Earthquake in Alameda County Richard Holden, U.S. DOL/BLS Donna Bahls, California EDD Charles Real, Cal. Geological.

QCEW

California

Over 1.2 million Business Establishments

Over 15 million Employees

Almost $200 billion in Quarterly Wages

Page 6: Labor Market Risks of a Magnitude 6.9 Earthquake in Alameda County Richard Holden, U.S. DOL/BLS Donna Bahls, California EDD Charles Real, Cal. Geological.

Earlier uses of QCEW data in disaster areas

Southern California Fires 2003 and 2007

Businesses and Employment within burn areas

Hurricane Katrina – Louisiana and Mississippi

Businesses and Employment within flooded and wind damaged areas

Page 7: Labor Market Risks of a Magnitude 6.9 Earthquake in Alameda County Richard Holden, U.S. DOL/BLS Donna Bahls, California EDD Charles Real, Cal. Geological.

Southern California Wildfires 2003 and 2007

Page 8: Labor Market Risks of a Magnitude 6.9 Earthquake in Alameda County Richard Holden, U.S. DOL/BLS Donna Bahls, California EDD Charles Real, Cal. Geological.

Hurricane Katrina 2005

Page 9: Labor Market Risks of a Magnitude 6.9 Earthquake in Alameda County Richard Holden, U.S. DOL/BLS Donna Bahls, California EDD Charles Real, Cal. Geological.

A Collaboration between

U.S. Bureau of Labor Statistics

California Geological Survey

California Employment Development Department

Labor Market Risks of a Magnitude 6.9 Earthquake in Alameda County

Page 10: Labor Market Risks of a Magnitude 6.9 Earthquake in Alameda County Richard Holden, U.S. DOL/BLS Donna Bahls, California EDD Charles Real, Cal. Geological.

Shaking Intensity Zones in the San Francisco Bay Area

Page 11: Labor Market Risks of a Magnitude 6.9 Earthquake in Alameda County Richard Holden, U.S. DOL/BLS Donna Bahls, California EDD Charles Real, Cal. Geological.

Employers in Shaking Intensity Zones in the San Francisco Bay Area

Page 12: Labor Market Risks of a Magnitude 6.9 Earthquake in Alameda County Richard Holden, U.S. DOL/BLS Donna Bahls, California EDD Charles Real, Cal. Geological.
Page 13: Labor Market Risks of a Magnitude 6.9 Earthquake in Alameda County Richard Holden, U.S. DOL/BLS Donna Bahls, California EDD Charles Real, Cal. Geological.

25,776 Employers400,521 Employees$5.1 B in Quarterly Wages

Zone 8+: Severe Shaking, Moderate/Heavy Damage

Zone 7: Very Strong Shaking, Moderate Damage

11,567 Employers208,709 Employees$3.1 B in Quarterly Wages

Approximately 90 percent of the businesses, employees, and payrolls are in most intense shaking zones on the map.

Page 14: Labor Market Risks of a Magnitude 6.9 Earthquake in Alameda County Richard Holden, U.S. DOL/BLS Donna Bahls, California EDD Charles Real, Cal. Geological.

Hayward Event Losses Compared to Hurricane Katrina in 2004

Early map-estimated losses from Katrina

Employers: 31,000Employees: 500,000Payroll: $4.7 B quarterly wages

Less than estimated exposure in MMI 7 and 8+ zones

Page 15: Labor Market Risks of a Magnitude 6.9 Earthquake in Alameda County Richard Holden, U.S. DOL/BLS Donna Bahls, California EDD Charles Real, Cal. Geological.

Industry Exposures in Alameda County (MMI 8+)

Health care and social assistanceManufacturingTrade (wholesale and retail)Educational servicesOthers

Page 16: Labor Market Risks of a Magnitude 6.9 Earthquake in Alameda County Richard Holden, U.S. DOL/BLS Donna Bahls, California EDD Charles Real, Cal. Geological.

Hayward 6.9 Earthquake

Potential for major economic dislocation to businesses, employees and economyPossible wide-ranging multiplier effects across industriesEffects felt in Bay Area and California

Page 17: Labor Market Risks of a Magnitude 6.9 Earthquake in Alameda County Richard Holden, U.S. DOL/BLS Donna Bahls, California EDD Charles Real, Cal. Geological.

www.bls.gov (search for Hayward Earthquake)