Monday, February 9, 2009

The fastest shrinking job sectors in Sacramento

The fastest shrinking job sectors in Sacramento
preese@sacbee.com
Published Sunday, Feb. 08, 2009

In the past year, the four-county Sacramento region has seen a net loss of 25,000 private jobs. Here are the local job sectors experiencing the most job losses during the recession. (Related: Sacramento job sectors still growing.)

Building Contractors · Food Service · General Merchandise Stores · Banks · Car Dealers

Specialty Trade Contractors

As foreclosures mounted, the demand for new construction plummeted. Left in the cold were many specialty contractors -- workers who pour concrete, do site preparation, fix plumbing, paint and do electrical work. During the past three years, the region has shed more than 20,000 specialty contracting jobs.Specialty Trade Contracting Jobs, 2003-2008. (Mouse over chart to see job counts.)

Food Service and Drinking Establishment Workers

When money gets tight, Sacramento residents cut back. One way to save money is to eat out less. But that has had consequences for the region's food service industry. During the past year, about 2,300 food service jobs have disappeared.Food Service Jobs, 2003-2008



General Merchandise Store Workers

First local stalwart Mervyn's announced it would be shuttering its stores. Then other retailers started scaling back. Even the usual Christmas hiring spree shrunk.General Merchandise Store Jobs, 2003-2008


Banks, Mortgage Brokers and Other Lenders

No surprise here. The nation's largest banks recently turned to the government for billions in aid. Meanwhile, the credit market tightened and big real estate sales dried up, hurting mortgage brokersJobs Related to Credit Intermediation, 2003-2008


Motor Vehicle Dealership Jobs

Several of the region's car dealerships have shut down recently, creating a crisis for their workers and for local governments that rely on the tax revenue dealerships generate.Jobs Selling Cars and Car Parts, 2003-2008

Source: California Employment Development Department

Link to article: http://www.sacbee.com/1098/story/1609132.html

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