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SLO County BIZ Notes

Paso Robles Boutique Hotel Breaks Ground

Grading for the construction a 236 boutique hotel in Paso Robles has started. Ayres Hotels of Southern California has started  work on the first phase of its planned development on 20 acres on Buena Vista Dr. The city approved the big project last year designed to service the city’s growing tourism business. Ayres operates 20 upscale hotels around southern California with a European flair. The first phase with 169 rooms with fireplaces and patios is expected to be open in the summer of 2014.

SLO Year Over Year Unemployment Falls

The unemployment rate in the San Luis Obispo County in January 2013 was 7.5 percent, up from a revised 7.2 percent in December 2012, and below the year-ago estimate of 8.9 percent.

The rise in unemployment in January came in response to an increase in the number of people in the labor market in January  – almost 3000 more in one month. From December 2012 to January of this year there were 2300 more people working indicating a robust job market although more than had joined the search for a job.

Year over year, SLO County recorded an 8.1% increase in the number of people working  from101,2000 in Jan 2012 to 109,400 in Jan 2013 That included  800 more farm jobs year over year.

SLO To See 17,900 Jobs Added By 2020.

Total employment in SLO County should reach 132,000 by 2020 in San Luis Obispo County – a new EDD projection estimates. Some 61% of those new jobs  are expected to come in four sectors.

Retail trade sector is projected to grow 25.4 percent over the 10 year
period, adding 3,300 jobs.

Leisure and hospitality industry is expected to increase by 19.6 percent
,with almost 90 percent of its growth in the accommodation and food services sector (2,600 jobs.

Professional and business services employments projected to add 2,600 jobs,through the projections period.

Mining, logging and construction is expected to be the fastest
growing industry with a 44.9% growth rate.

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