SR 06:064B - Laserfiche WebLink

Professional, Scientific. and Technical Skills represents Pleasanton's second largest sector, with approximately 6,600 jobs in 2004, or 11.9 percent of total employment. This sector had a 21 percent increase in employment between 2002 and 2004, which was relatively strong growth compared with many other segments of the Pleasanton economy. Major Pleasanton employers in this category include JD Edwards, Robert Half International, and Pro Business (now a division of ADP). Administrative and Support, and Waste Management, which combines jobs in administration, human resources, temporary agencies. credit bureaus. and recycling/waste collection, comprises Pleasanton's third largest sector (11.6 percent of total). This category is also the fastest growing segment of the local economy; between 2002 and 2004, the sector expanded from 4,300 to 6.500 jobs, a 51 percent gain. This increase is probably pronounced because of the inclusion of temporary agencies within the sector. Major firms in this sector in Pleasanton include Providian Bancorp, West Valley Engineering, and Benchmark Staffing. The Information sector comprises the fourth largest share of the Pleasanton economy. accounting for over 8.2 percent of the City's total employment. This sector has seen a significant drop in recent years due to the regional and national economic downturn and the resulting layoffs and closures among technology firms. Between 2002 and 2004, the Information sector declined from 5,400 to 4,600 employees, a 15 percent decline for the two year period in Pleasanton. Examples of Pleasanton Information firms include Cingular, EMC Documentum, and Oracle. Finance and Insurance comprised Pleasanton's fifth largest industry sector in 2004 (7.8 percent of total), and is one of the fastest growing segments of the local economy. Between 2002 and 2004. the Finance and Insurance sector expanded from 3,850 to 4,400 jobs, a 14 percent gain. Major Finance and Insurance firms in Pleasanton include Assurance Mortgage Corporation. Farmers Group, and Wausau Mortgage Corporation. Other notable sectors include Health Care, Accommodation and Food Services, Management of Companies and Enterprises, Manufacturing, and Wholesale Trades. Health Care, usually a rapidly growing sector in communities with substantial middle-age populations such as Pleasanton, was the ninth largest sector in 2004, and grew a relatively strong 7.8 percent in the two year period. Interestingly, employment in the Accommodation & Food Services increased relatively rapidly, adding 450 jobs, for a 12 percent growth rate during the two year period, and its 4.100 jobs represented 7.3 percent of total employment in Pleasanton by 2004. Manufacturing also grew rapidly, gaining over 600 jobs (growth of 34 percent), reaching 2,400 jobs in 2004. In contrast, sectors losing substantial percentages of jobs inciuded Management of Companies and Enterprises (decreased by 20 percent), and Wholesale Trades (decreased Pleasanton Economic Deve/opment Background Report RNAL - January 2006 22