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Economic Profile Monterey County is
located along a 100 mile stretch of the Pacific
Ocean and is bordered by Santa Cruz County to
the north, San Benito, Fresno and Kings Counties
to the east and San Luis Obispo County to the
south. The county is comprised of three distinct
sub-regions, the principal residential and
business area of the Monterey Peninsula; the
prime agricultural lands of the Salinas River
Valley which runs almost the full length of the
county; and the wilderness region that is found
along the coast and mountain region at Big Sur
and beyond.
The county’s population has grown 1.5 percent
since 2002 and is now estimated at 415,800
persons. The greatest population increase is
found in Salinas, the county’s largest city,
which has grown from 148,400 in 2002 to 150,300
in 2003. The population count is estimated to
reach 591,000 by the year 2020.
In addition to the population growth, the
county’s civilian labor force totaled 200,000
employees in 2002. This number indicates a
growth of two percent over the 2001 figures. It
is important to note that counties like
Monterey, where tourism and agriculture are key
factors in a region’s employment analysis; the
seasonality of these industries heavily
influences the unemployment reporting rate. In
recent history, unemployment ranged between 9.4
and 10.4 percent annually.
Monterey County has a healthy labor force with
both seasonal and year-round workers. The ratio
of number of people in the labor force and
employment roles have remained constant since
1998, which demonstrates the county’s ability to
provide quality employees that meet the needs of
the business community. From 1998 through 2002,
12,600 new jobs were added to the county total
which includes a gain in new jobs (.02 percent)
in 2002 when the state neighboring counties
showed dramatic job declines of up to 2.4
percent.
Agriculture is the largest industry in the
county and represents more than 21 percent of
all employment. The industry experienced a
slight decline in 2001 but has regained more
than 800 new jobs in 2002.
Government accounts for 18 percent of the
county’s total employment with 70 percent of
these jobs in local agency/government positions.
Other significant employers include trade,
transportation and utilities. These industries
gained 200 jobs in 2002 for a total of 25,600
jobs or 16 percent of all employment in the
county.
The leisure and hospitality industries include
businesses and non-profit organizations in the
arts, entertainment, recreation, accommodations
and in food service. This category represents 12
percent of the county’s workforce.
Historically, Monterey County’s economy has been
centered on agriculture and tourism. Current
economic trends include the ongoing development
of the U.S. Army’s former Ford Ord site and its
transition and reuse for educational,
residential, commercial and light industry.
Increasing employment is also seen in the
service industries which include businesses
involved in hospitality, health, legal,
engineering and other professional services
categories. The county is aggressively
addressing the employment needs of business
through its expended higher and technical
educational institutions and programs in
addition to city housing and community
development programs. |