Strong Job Growth Forecast for Solano County
By Nathan Halverson
FAIRFIELD - Solano County will add almost 10,000 new jobs during the next three years, according to a forecast released by the University of Pacific Eberhardt School of Business.
Solano County is expected to have one of the faster growing job markets in the state. The forecast estimated a job growth rate of 2.4 percent per year.
"The two big areas of growth will be in the professional business services and health care sectors," said Sean Snaith, director of the Business Forecasting Center for the university. "All those new homeowners require a whole slew of services."
In 2005, about 2,000 jobs were created in Solano County with a job growth rate of 1.7 percent.
Personal income in Solano County is expected to maintain strong growth during the next three years. The center predicted personal income would grow at an average rate of 5.8 percent, compared to 6.6 percent in 2005.
"The Bay Area is kind of pumping out its economic life blood up Interstate 80," Snaith said.
The only job sectors forecast to shrink in size are in the financial activities sector and in the federal government sector.
Reach Nathan Halverson at 425-4646 ext. 267 or email@example.com.
Thursday, May 04, 2006
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