Economic Profile - City of Cerritos

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EmploymentAverage Estimated Annual Payroll Per EmployeeIn Cerritos, the Utilities industry has the highest average annual payroll at approximately $109,573, though this industry has a relatively smallpresence in terms of its total number of employees (16). The industry with the second highest average annual payroll is the Management ofCompanies and Enterprises at $68,293 and the third highest is Wholesale Trade at $56,802. Based on the data, several of the top industrieshave experienced an increase in their annual wages. For example, the Utilities industry experienced a 3.1% increase, Management ofCompanies experienced an 11.8% increase and Information experienced a 2% increase from 2008 to 2009. The dashed line indicates theweighted average salary for all industries in Cerritos: $40,255.Average Estimated Annual Payroll Per EmployeeWeighted Average Salary2008 Q2 2009 Q2Estimated Annual Wages$0 $20,000 $40,000 $60,000 $80,000 $100,000 $120,00011 : Agriculture, Forestry, Fishing and Hunting21 : Mining22 : Utilities23 : Construction31-33 : Manufacturing42 : Wholesale Trade44-45 : Retail Trade48-49 : Transportation and Warehousing51 : Information52 : Finance and Insurance53 : Real Estate, Rental and Leasing54 : Professional, Scientific and Technical Services55 : Management of Companies and Enterprises56 : Admin. and Support and Waste Mgmt./Remediation Svcs.61 : Educational Services62 : Health Care and Social Assistance71 : Arts, Entertainment and Recreation72 : Accommodation and Food Services81 : Other Services (except Public Administration)92 : Public Administration99 : Other (non-classified)$0$14,471$16,765$21,592$25,340$28,564$27,304$44,685$41,458$40,142$40,774$32,237$38,068$41,011$56,802$56,661$50,046$54,080$49,225$68,293$109,573-5.5%0.0%3.1%-5.9%0.0%-3.0%-6.2%2.4%2.0%7.9%8.3%-4.5%11.8%14.7%13.9%-6.6%-11.6%0.6%0.9%-3.2%-21.1%NAICS Code / IndustryPercentage ChangeSource: California Employment Development DepartmentCerritos Economic Profile - Spring 2010 14
EmploymentTotal Number of Employees—By Geographic SectorThe City of Cerritos has four major employment sectors. These sectors include the Cerritos Industrial Park,the Cerritos Towne Center (retail and office/hotel/CCPA*), the Los Cerritos Center and the Cerritos AutoSquare. The Cerritos Industrial Park has the most employees with approximately 10,253. The TowneCenter, including the retail and office component, has approximately 4,766 employees, the Los CerritosCenter has approximately 2,577 employees and the Cerritos Auto Square has approximately 1,989employees. With the exception of Sector 9—Schools, the total number of employees in each sector hasdecreased for each quarter in the past year over the prior year.Number of Employees by Geographic SectorNumber of Employees2008 Q2 2009 Q20 2,000 4,000 6,000 8,000 10,000 12,000Geographic Sector1: Cerritos Industrial Park2A: Cerritos Tow ne Center - Retail2B: Cerritos Tow ne Center - Office/Hotel/CCPA3: Los Cerritos Center4: Cerritos Auto Square Dealerships5: Other Regional Commercial (CR)6: Community Commercial (CC) and Neighborhood Commercial(NC)7: Commercial/Office/Professional (COP)8: Industrial (M), Industrial Commercial (MC), and MC-19: Schools10: Residential/Home-Based Businesses3471,3243,4422,5771,9893,9851,8662,5652,4431,54410,253-7.6%-4.7%-5.3%-8.1%-14.7%-12.7%-4.5%-2.5%-25.2%3.0%-9.9%Percentage Change12A2B43*Cerritos Center for the Performing ArtsSource: California Employment Development DepartmentCerritos Economic Profile - Spring 201015
Page 1 and 2: Quarterly Market Trend Analysis for
Page 3 and 4: Economic ProfileTable of ContentsSe
Page 5 and 6: Major Revenues
Page 7 and 8: Major RevenuesSales TaxFor the four
Page 9 and 10: Major RevenuesSales Tax by Geograph
Page 11 and 12: Sales Tax—Top Five GeneratorsMajo
Page 13 and 14: Auto SalesCerritos Auto Square—To
Page 15 and 16: Employment/Unemployment
Page 17: EmploymentTotal Number of Employees
Page 21 and 22: EmploymentTotal Number of Employees
Page 23 and 24: CommercialReal Estate
Page 26 and 27: Commercial Real EstateCommercial Re
Page 28 and 29: HousingMedian Home Sales Price—Si
Page 30 and 31: Statistical SummaryBased on the dat
Page 32: Data SourcesMajor RevenuesCity of C

Economic Profile - City of Cerritos

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