California Business Minute™

Hi, I am Tim Johnson and welcome to the California Business Minute.

The AeA, released an update of its report, Cybercities 2008: An Overview of the High-
Technology Industry in the Nation’s Top 60 Cities.

It examines the high-tech industry in the nation’s largest metropolitan areas focusing
on employment, wages, establishments, payroll,  concentration, and wage differential.
It also compares different regions of the United States and delves into the 16 sectors
that comprise AeA’s definition of the high-tech industry for these 60 cities.

The report is based on data from 2006 US Bureau of Labor Statistics. The metropolitan
data in Cybercities 2008 is directly comparable to the 2006 state data in Cyberstates
2008. Cybercities 2008 also contains the most recent national data on the high-tech
industry, including employment statistics for 2007.

As it pertains to California , on a percentage basis, Riverside-San Bernardino, California
saw the fastest job growth in 2006 at 12 percent. Fifty-six cybercities had wage differentials
higher than 50 percent and two, San Diego, and Sacramento – had differentials higher
than 100 percent. San Jose/Silicon Valley led the nation in concentration of high-tech
workers in 2006, with 286 high-tech workers per 1,000 private sector workers. San Jose/Silicon
Valley dominated the manufacturing sectors. It ranked near the top in seven of the nine
high-tech manufacturing categories.

                                    Cybercities 2008 Key Facts

-51 Cybercities Added Tech Jobs in 2006
 
-The leading metro areas by high-tech employment in 2006 were the New York Metro Area
(316,500), Washington, DC (295,800), San Jose/Silicon Valley (225,300), Boston (191,700),
and Dallas-Fort Worth (176,000). 2006 data are the most recent available at the metro level.
 
-Seattle led the nation in net tech job creation in 2006, adding 7,800 jobs.
 
-The next largest net gains in tech employment between 2005 and 2006 occurred in the
New York Metro Area and Washington, DC, adding 6,400 and 6,100 respectively.
 
-On a percentage basis, Riverside-San Bernardino saw the fastest job growth in 2006 at
12 percent.
 
-San Jose/Silicon Valley leads the nation in concentration of high-tech workers in 2006,
with 286 high-tech workers per 1,000 private sector workers.
 
-Fifty-six cybercities had wage differentials higher than 50 percent and three cybercities
Austin, San Diego, and Sacramento – had differentials higher than 100 percent.

I am Tim Johnson and this has been the California Business Minute.

For further information see, www.aeanet.org  and see drill down for each examined
metro area below:

http://www.aeanet.org/PressRoom/prjj_cc2008_bay_area.asp

http://www.aeanet.org/PressRoom/prjj_cc2008_los_angeles.asp

http://www.aeanet.org/PressRoom/prjj_cc2008_orange_county.asp\

http://www.aeanet.org/PressRoom/prjj_cc2008_riverside_san_bernadino.asp

http://www.aeanet.org/PressRoom/prjj_cc2008_sacramento.asp

http://www.aeanet.org/PressRoom/prjj_cc2008_san_diego.asp