Green Jobs Growing Faster Than Jobs in the Total Economy


New data released in Next 10’s second
Many Shades of Green” report shows that green jobs in
California continue to grow at a healthy clip, even in the wake of
the economic crisis, at a rate faster than for the total
economy.



From January 2008 to 2009, the
most recent observable year, jobs in the green sector grew more
than three times faster (three percent) than total employment in
California (one percent). The Core
Green Economy now accounts for 174,000 jobs in class=”xn-location”>California.  The rate of growth of
green jobs has been similar to that of software jobs since
2005.



“The green job data is significant because these jobs are
growing in every region across the state, outpacing other sectors,
and generating business across the supply chain,” said class=”xn-person”>F. Noel Perry, founder of Next 10.
 



“While green job numbers are modest relative to the overall
economy, there are very few business sectors in a state as large as
California that employ people
across every region. The emergence of this vibrant Core Green
Economy can be attributed to class=”xn-location”>California’s history of innovation, as
well as our forward-looking energy and energy efficiency
policies.”



Released at an event at Siemens Industry’s rail vehicle
manufacturing facility in class=”xn-location”>Sacramento, href=”http://www.next10.org/next10/publications/green_jobs/2011.html”
target=”_blank”>Many Shades of Green: Regional Distribution and
Trends in California’s Green Economy, 2011”

provides a comprehensive, bottom-up accounting of class=”xn-location”>California’s green economy,
systematically tracking the most recent available data on
employment, business establishments, location, and growth across
every green sector and region of class=”xn-location”>California.



Collaborative Economics, an economic research and consulting
organization, prepared the report for Next 10, a nonpartisan
research group.  



Siemens recently won a $466
million
contract to build 70 electric locomotives in class=”xn-location”>California, requiring 200 new jobs over
the next 3 to 4 years at a factory that operates mostly on two
megawatts of solar power. These positions are in addition to the
company’s newest 150 employees hired in the past two years to
address America’s burgeoning light rail transit market.



Report Highlights of class=”xn-location”>California’s Core Green
Economy:




  • From January 2008-09, green jobs expanded by three percent
    statewide, compared to a one percent increase in overall
    jobs.





  • Between 1995 and 2009, jobs in class=”xn-location”>California’s Core Green Economy expanded
    from 111,000 to 174,000, growing 56 percent.





  • From 1995 to 2009, the Energy Generation sector created the
    most jobs in California’s Core
    Green Economy, adding nearly 20,000 jobs across the state and
    almost 3,000 jobs over the most recent observable year (January
    2008-2009).





  • The Bay Area and the Sacramento
    Area
    posted the strongest employment gains in the Core Green
    Economy, expanding by 109 percent and 103 percent respectively
    since 1995, followed by Orange
    County
    (67%) and the San Joaquin
    Valley
    (55%).





  • The Bay Area and the San Diego Region led in green job growth
    over the most recent observable year, expanding by eight percent
    and seven percent respectively (January 2008-2009).





  • While manufacturing employment represents only 11 percent of
    statewide employment, it represents 26 percent of all green
    employment. This sector increased ten percent over the most recent
    observable period (January 2008-2009).





  • Across all green segments, employment in the installation,
    sales, research and development, and finance and investment sectors
    more than doubled in California
    since 1995.



“Based on our research, class=”xn-location”>California is well positioned to
effectively leverage emerging opportunities and lead the expansion
of clean energy markets worldwide,” commented class=”xn-person”>Doug Henton, CEO of Collaborative
Economics. “Considering that, by revenue, energy represents the
largest industry in the world, class=”xn-location”>California’s leadership in this sector
is a major factor in our future economic health.”



href=”http://www.prnewswire.com/news-releases/new-data-jobs-in-green-economy-growing-more-than-three-times-faster-than-jobs-in-total-economy-114215684.html”
target=”_blank”>Continue reading



Source: www.prnewswire.com

You can return to the main Market News page, or press the Back button on your browser.