Welcome to California! A Subsidiary of U.S., Inc. Presentation to Candidates for the Position of...

Welcome to California!Welcome to California!A Subsidiary of U.S., Inc.A Subsidiary of U.S., Inc.

Presentation to Presentation to Candidates for the Position ofCandidates for the Position of

EntrepreneurEntrepreneur

Director of Recruiting and PlacementDirector of Recruiting and Placement

Contra Costa DivisionContra Costa Division

United States, Inc.United States, Inc.

Digital Safari InstituteGreenBizz Project

U.S., Inc. - WeU.S., Inc. - We’’re #1!re #1!Ranking of World Economies – 2007 (PPP)Ranking of World Economies – 2007 (PPP)

World World $65.00 trillion$65.00 trillion

1.1. U.S. U.S. 12.98 trillion 12.98 trillion

2.2. E.U. 12.82 trillionE.U. 12.82 trillion

3.3. China 10.00 trillionChina 10.00 trillion

4.4. Japan 4.22 trillionJapan 4.22 trillion

5.5. India 4.04 trillionIndia 4.04 trillion

6.6. Germany Germany 2.38 trillion 2.38 trillion

7.7. U.K. 1.90 trillion U.K. 1.90 trillion

Source: CIA HandbookSource: CIA Handbook

CaliforniaCaliforniaA Subsidiary of U.S., Inc.A Subsidiary of U.S., Inc.


Source: Bureau of Economic Analysis, 2002

California, Inc.California, Inc.

State 2002 GSP (millions) State 2002 GSP (millions)

AL $125,567 MT $23,773AK $29,708 NE $60,962AZ $171,781 NV $81,182AR $71,929 NH $46,448CA $1,367,785 NJ $380,169CO $179,410 NM $53,515CT $165,744 NY $792,058DE $47,150 NC $300,216DC $66,440 ND $19,780FL $520,500 OH $388,224GA $305,829 OK $95,126HI $43,998 OR $115,138ID $38,558 PA $428,950IL $486,139 RI $36,988IN $204,946 SC $122,354IA $98,232 SD $25,003KS $89,508 TN $190,122KY $122,282 TX $773,455LA $131,584 UT $72,974ME $39,039 VT $19,604MD $201,879 VA $287,589MA $288,088 WA $232,940MI $351,287 WV $45,518MN $200,061 WI $190,650MS $69,136 WY $20,285

MO $187,543

U.S., Inc. $10,407,141

$1.4 Trillion in 2003!


California - WeCalifornia - We’’re Top!re Top!

Source: NationMaster.com, CIA World Factbook, December 2003

U.S., Inc.ChinaJapanIndiaGermanyFranceUnited KingdomItalyRussiaBrazilSouth KoreaCanadaMexicoSpainIndonesiaAustraliaTurkeyIranThailandNetherlandsSouth AfricaTaiwanArgentinaPhilippinesPoland

California

Contra CostaContra Costa A Division of CaliforniaA Division of California

and Proud Member ofand Proud Member ofU.S., Inc.U.S., Inc.


A Growing PopulationA Growing Population

Source: California Dept. of Finance

Contra Costa County and California Population: 1998-2006f

2.1%

1.7% 1.8%

2.4%

1.2% 1.1%0.9%

1.2%1.4%

1,035.201,021.001,009.10999.9988.6976.9953.7937921.7

0%

1%

2%

3%

4%

1998 1999 2000 2001 2002 2003 2004 2005 2006f0

200

400

600

800

1,000

1,200

California

Growth Rate

Contra Costa County


A Changing PopulationA Changing Population


Contra Costa County Net Migration: 1998-2006fNumber of Persons (thousands)

7.95.0

6.5

10.8

0.12.5

5.2

4.94.4

6.1

5.9 5.8 5.8 5.3

5

-

5

10

15

20

1998 1999 2000 2001 2002 2003 2004 2005 2006f

Net Foreign Migration

Net Domestic Migration


A Wealthy CountyA Wealthy County


Contra Costa County and California Per Capita Income1998-2006f

$37,524$39,623

$44,477 $44,500 $43,712 $43,958$45,730

$47,376$49,559

$15,000

$20,000

$25,000

$30,000

$35,000

$40,000

$45,000

$50,000

1998 1999 2000 2001 2002 2003 2004 2005 2006f

Contra Costa County

California


Contra CostaContra Costa’’s Economys Economy


Contra Costa County Non-Farm Employment by Sector: 2005

Transportation, Warehousing &

Utilities2.1%

Manufacturing6.1%

Construction8.5%

Nat'l Resources & Mining0.2%

Wholesale & Retail Trade14.9%

Finance & Real Estate9.7%

Services42.4%

Government16.1%


Employment by SectorsEmployment by Sectors


Contra Costa County Employment by Industry Sector: 2005(thousands of jobs)

0.8

6.5

7.2

8.9

13.3

13.8

21.3

29.7

31.0

33.9

43.3

43.7

46.2

49.0

(0) 10 20 30 40 50 60

State Government

Federal Government

Transportation, Warehousing, & Utilities

Wholesale Trade

Other Services

Information

Manufacturing

Construction

Leisure & Hospitality

Financial Activities

Retail Trade

Education & Health Services

Professional & Business Services

Local Government


Growth SectorsGrowth Sectors


Contra Costa County Employment by Industry SectorYear-over Change (%), 2006f

0.0%

0.0%

0.0%

2.0%

2.2%

2.3%

2.4%

2.8%

2.8%

3.4%

3.5%

3.5%

3.6%

4.8%

0% 1% 2% 3% 4% 5% 6%

Federal Government

Manufacturing

State Government

Construction

Wholesale Trade

Other Services

Local Government

Retail Trade

Transportation, Warehousing, & Utilities

Education & Health Services

Financial Activities

Leisure & Hospitality

Information

Professional & Business Services

UnderstandingUnderstandingBusiness CyclesBusiness Cycles


Stages of a Business CycleStages of a Business Cycle

Expansion PhaseExpansion Phase– BoomBoom– PeakPeak

Contraction PhaseContraction Phase– SlowdownSlowdown– Recession (2+ quarters)Recession (2+ quarters)– TroughTrough


Business CyclesBusiness Cycles


Economic CyclesEconomic CyclesBooms, Busts and RecessionsBooms, Busts and Recessions

Source: Bureau of Economic Analysis


GDP Annualized Quarterly ChangeGDP Annualized Quarterly Change

Source: Federal Reserve, Department of Commerce

0.0%

0.5%

1.0%

1.5%

2.0%

2.5%

3.0%

3.5%

4.0%

4.5%

5.0%

2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 12004 2006 2007 ‘082005

0.6%


Entering 2008:Entering 2008:Economic “Contraction”Economic “Contraction”

How Long and How Severe?How Long and How Severe?

Historical Period Historical Period MonthsMonths Feb ‘45 - Oct ’45 8Nov ‘48 - Oct ’49 11Jul ‘53 - May ’54 10Aug ‘57 - Apr ’58 8Apr ‘60 - Feb ’61 10Dec ‘69 - Nov ’70 11

Peak

Trough

Historical PeriodHistorical Period MonthsMonths Nov ‘73 - Mar ’75 16Jan ‘80 - Jul ’80 6Jul ‘81 - Nov ’82 16Jul ‘90 - Mar ’91 8Mar ‘01 - Nov ’01 8

Average Duration: 10 Months

Average Severity: -1.8% (Real GDP)


Need: More Jobs! Need: More Jobs! (Net Change in Non-Farm Employment )(Net Change in Non-Farm Employment )

Source: Department of Labor2007 2008

-20,000

Thousands

Apr. ‘08


Fewer Jobs in the East BayFewer Jobs in the East BayEast Bay Job Erosion

Source: State Employment Development Department

Tracking theTracking theBusiness CycleBusiness Cycle


Useful Economic IndicatorsUseful Economic Indicators

Gross Domestic ProductGross Domestic Product (GDP)(GDP)

Interest Rates Interest Rates (Federal Funds Rate)(Federal Funds Rate)

Inflation Inflation (Consumer Price Index or CPI)(Consumer Price Index or CPI)

Employment Employment (Number of New Jobs)(Number of New Jobs)

Unemployment Unemployment (%)(%)

Income Growth Income Growth (% Change)(% Change)

Corporate After Tax Profits Corporate After Tax Profits (% Change)(% Change)


Tracking the Business CycleTracking the Business Cycle

ExpansionExpansion ContractionContraction Interest Rates:Interest Rates: UpUp Down Down Inflation:Inflation: UpUp Down Down Employment:Employment: UpUp Down Down Unemployment:Unemployment: DownDown Up Up Income:Income: UpUp Down Down Corp. Profits:Corp. Profits: UpUp Down Down

California NeedsCalifornia NeedsEntrepreneurs!Entrepreneurs!


California Needs Entrepreneurs!California Needs Entrepreneurs!

Entrepreneurs solve problemsEntrepreneurs solve problems– ““Find a Need and Fill It!”Find a Need and Fill It!”

Entrepreneurs create: Entrepreneurs create: – New Products and ServicesNew Products and Services– New JobsNew Jobs– Economic Vitality for the CommunityEconomic Vitality for the Community– Personal WealthPersonal Wealth


Managing for ProsperityManaging for Prosperity

Changing Economic TimesChanging Economic Times Increased Competition (global!)Increased Competition (global!)Can’t Afford Business FailuresCan’t Afford Business FailuresNeed to Understand Trends & CyclesNeed to Understand Trends & CyclesChange Happens!Change Happens!

– Take Advantage of OpportunitiesTake Advantage of Opportunities– Be Prepared for Difficult TimesBe Prepared for Difficult Times

Go For It!Go For It!

CaliforniaCaliforniaA Subsidiary of U.S., Inc.A Subsidiary of U.S., Inc.

Contra Costa Division Contra Costa Division

Welcome to California! A Subsidiary of U.S., Inc. Presentation to Candidates for the Position of...

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