Branch Realty Commercial Advisors analyzed and highlights the top 10 most important jobs created and lost since 2003. Trends that will shape Santa Fe’s economic future for the next 10 years will look markedly different even from today’s job market. Although the City of Santa Fe presented its labor findings yesterday, this economic “shift-share” analysis goes much deeper into the heart of where our private economic base stands relative to the national economy in this new post-recession era.
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Top 10 Best Performing Santa Fe Industries
1. Santa Fe
I N D U S T R Y
2011 Economic Base Analysis
Best
2 0 1 1 Branch Realty Commercial Advisors today analyzed and highlights the top 10 most
important jobs created and lost since 2003. Trends that will shape Santa Fe’s
economic future for the next 10 years will look markedly different even from today’s job
market. Although the City of Santa Fe presented its labor findings yesterday, this
Jobs
economic “shift-share” analysis goes much deeper into the heart of where our private
economic base stands relative to the national economy in this new post-recession era.
The simple creation of jobs based on quantity does little to help Santa Feans way of
life, their prosperity, or their long-term family security. We can line up Airport Road with
fast food restaurants all day long which will definitely create new jobs. However, it is
the quality of jobs that is of paramount importance. These are the jobs that “import”
dollars earned outside our localized market and thus gives Santa Fe a comparative
advantage.
10
It is true that there has been a major shakedown of jobs all across the country, now
dubbed the “Great Recession.” It was the dot-com bubble busting all over again but
on a global, macro-economic scale. What was good about the dot-com bust, however,
was that it weeded out the weak and non-performing—some deserved it, some didn’t.
Probably the most exciting company to not only survive, but come out dominant from
the dot-com crash, was Google. Having started out small as a company operated in
the garage of a friend and employing a staff of three, Google's meteoric rise to a top
name on the Internet would never occurred but for the City of Menlo Park and their
economic development incubator “the Foundry”, which proactively seeks and promotes
top
these critical budding industries within their own ranks.
When we analyze the core strengths and weaknesses of Santa Fe’s economy, it is
critical to look at jobs created and lost relative to the new American economy. The
following figures uses the latest location quotient data from the US Department of
Labor, Bureau of Labor Statistics.
Tuesday, April 26, 2011
2. Santa Fe
I N D U
Crop Production
S T R Y
Industries in the Crop Production subsector grow crops mainly
for food and fiber. The subsector comprises establishments,
such as farms, orchards, groves, greenhouses, and nurseries,
primarily engaged in growing crops, plants, vines, or trees and
their seeds.
Santa Fe County National New Establishments
Employment
2003
10
50
2010
EXPORT JOBS 56
+14.13%
CROP PRODUCTION
Source: US Department of Labor, Bureau of Labor Statistics, 2011
Tuesday, April 26, 2011
3. Santa Fe
E M P L O Y
Wholesale Non-Durable Goods
M E N T
Industries in the Merchant Wholesalers, Nondurable Goods
subsector sell nondurable goods to other businesses. Nondurable
goods are items generally with a normal life expectancy of less than
three years. Nondurable goods merchant wholesale trade
establishments are engaged in wholesaling products, such as paper
and paper products, chemicals and chemical products, drugs,
textiles and textile products, apparel, footwear, groceries, farm
products, petroleum and petroleum products, alcoholic beverages,
books, magazines, newspapers, flowers and nursery stock, and
tobacco products.
Santa Fe County National New Establishments
Employment
9
2003
508
2010
EXPORT JOBS
591
+15.19%
WHOLESALE GOODS Source: US Department of Labor, Bureau of Labor Statistics, 2011
Tuesday, April 26, 2011
4. Santa Fe
I N D
Wood Manufacturing
U S T R Y
Industries in the Wood Product Manufacturing subsector manufacture wood
products, such as lumber, plywood, veneers, wood containers, wood
flooring, wood trusses, manufactured homes (i.e., mobile homes), and
prefabricated wood buildings. The production processes of the Wood
Product Manufacturing subsector include sawing, planing, shaping,
laminating, and assembling of wood products starting from logs that are cut
into bolts, or lumber that then may be further cut, or shaped by lathes or
other shaping tools. The lumber or other transformed wood shapes may
also be subsequently planed or smoothed, and assembled into finished
products, such as wood containers.
Santa Fe County National New Establishments
Employment
8
2003
86
8. EXPORT JOBS
+17.00%
2010
107
WOOD MANUFACTURING Source: US Department of Labor, Bureau of Labor Statistics, 2011
Tuesday, April 26, 2011
5. Santa Fe
I N D U
Clothing Stores
S T R Y
Industries in the Clothing and Clothing Accessories Stores subsector
retail new clothing and clothing accessories merchandise from fixed
point-of-sale locations. Establishments in this subsector have similar
display equipment and staff that is knowledgeable regarding fashion
trends and the proper match of styles, colors, and combinations of
clothing and accessories to the characteristics and tastes of the
customer.
Santa Fe County National New Establishments
Employment
2003
7
777
2010
975
EXPORT JOBS
+17.65%
CLOTHING STORES
Source: US Department of Labor, Bureau of Labor Statistics, 2011
Tuesday, April 26, 2011
6. Santa Fe
I N D U S T
Telecommunications & Internet Service Providers
R Y
Industries in the Telecommunications subsector group establishments
that provide telecommunications and the services related to that
activity (e.g., telephony, including Voice over Internet Protocol (VoIP);
cable and satellite television distribution services; Internet access;
telecommunications reselling services). The Telecommunications
subsector is primarily engaged in operating, and/or providing access
to facilities for the transmission of voice, data, text, sound, and video.
Transmission facilities may be based on a single technology or a
combination of technologies.
Santa Fe County National New Establishments
Employment
6
2003
156
2010
EXPORT JOBS 174
+18.41%
TELECOMMUNICATIONS
Source: US Department of Labor, Bureau of Labor Statistics, 2011
Tuesday, April 26, 2011
7. Santa Fe
I N D U S T R Y
Health & Personal Care Services
Industries in the Health and Personal Care Stores subsector retail
health and personal care merchandise from fixed point-of-sale
locations. Establishments in this subsector are characterized principally
by the products they retail, and some health and personal care stores
may have specialized staff trained in dealing with the products. Staff
may include pharmacists, opticians, and other professionals engaged in
retailing, advising customers, and/or fitting the product sold to the
customer's needs.
Santa Fe County National New Establishments
Employment
5
2003
330
EXPORT JOBS 2010
+19.30% 429
HEALTH & PERSONAL CARE
Source: US Department of Labor, Bureau of Labor Statistics, 2011
Tuesday, April 26, 2011
8. Santa Fe
I N D U
MINING EMPLOYMENT
S T R Y
Industries in the Mining (except Oil and Gas) subsector primarily
engage in mining, mine site development, and beneficiating (i.e.,
preparing) metallic minerals and nonmetallic minerals, including coal.
The term "mining" is used in the broad sense to include ore
extraction, quarrying, and beneficiating (e.g., crushing, screening,
washing, sizing, concentrating, and flotation), customarily done at the
mine site.
Santa Fe County National New Establishments
Employment
2003
4
42
2010
EXPORT JOBS 52
+21.99%
MINING EXCEPT OIL & GAS
Source: US Department of Labor, Bureau of Labor Statistics, 2011
Tuesday, April 26, 2011
9. Santa Fe
I N D U S
Wholesale Electronic Markets
T R Y
and Agents & Brokers
Wholesale Electronic Markets and Agents and Brokers arrange
for the sale of goods owned by others, generally on a fee or
commission basis. They act on behalf of the buyers and sellers
of goods. This subsector contains agents and brokers as well as
business to business electronic markets that facilitate wholesale
trade.
Santa Fe County National New Establishments
Employment
2003
3
73
EXPORT JOBS 2010
+34.71% 139
WHOLESALE ELECTRONIC MARKETS
Source: US Department of Labor, Bureau of Labor Statistics, 2011
Tuesday, April 26, 2011
10. Santa Fe
I N D U S
Motion Picture and Sound Recording
T R Y
Motion Picture and Sound Recording establishments are involved
in the production and distribution of motion pictures and sound
recordings. Production is typically a complex process that involves
several distinct types of establishments that are engaged in
activities, such as contracting with performers, creating the film or
sound content, and providing technical postproduction services.
Santa Fe County National New Establishments
Employment
2003
128
2
2010
357
EXPORT JOBS
+64.35%
MOTION PICTURE & SOUND
RECORDING
Source: US Department of Labor, Bureau of Labor Statistics, 2011
Tuesday, April 26, 2011
11. Santa Fe
I N D U S
Air Transportation Services
T R Y
Air Transportation Services provide air transportation of passengers
and/or cargo using aircraft, such as airplanes and helicopters. The
subsector distinguishes scheduled from nonscheduled air
transportation. Scheduled air carriers fly regular routes on regular
schedules and operate even if flights are only partially loaded.
Nonscheduled carriers often operate during nonpeak time slots at
busy airports.
Santa Fe County National New Establishments
Employment
2003
1
4
EXPORT JOBS 2010
+90.74% 38
AIR TRANSPORTATION Source: US Department of Labor, Bureau of Labor Statistics, 2011
Tuesday, April 26, 2011