Daily Business Report-Jan. 24, 2014
San Diego County Jobless Rate Drops
Nonfarm employment up by 600 jobs over the month
and up 23,200 jobs over the year
The unemployment rate in the San Diego County dropped to 6.4 percent in December, down from a revised 6.9 percent in November and below the year-ago estimate of 8.2 percent, the state Employment Development Department reported today.
This compares with an unadjusted unemployment rate of 7.9 percent for California and 6.5 percent for the nation during the same period.
Between November and December 2013:
Total nonfarm employment increased from 1,302,400 to 1,303,000, a gain of 600 jobs. Agricultural employment declined by 600 jobs, or 6.4 percent.
• Educational and health services posted the greatest month-over change, adding 1,600 jobs. Health care and social assistance (up 1,600) accounted for all of the gain, mostly from ambulatory health care services (up 1,100).
• Three other sectors also added jobs over the month: trade, transportation, and utilities (up 1,300); construction (up 500); and manufacturing (up 100).
• Five other nonfarm industries recorded month-over job losses. The most notable came from professional and business services (down 800); other services (down 800); leisure and hospitality (down 600); and government (down 600).
Between December 2012 and December 2013:
Total nonfarm employment increased by 23,200 jobs, or 1.8 percent. Agricultural employment gained 100 jobs, or 1.1 percent.
• Educational and health services reported the greatest year-over change, adding 6,200 jobs. Health care and social assistance (up 4,500) accounted for more than 70 percent of the job growth in this sector, primarily from ambulatory health care services (up 3,200). Educational services increased by 1,700 jobs.
• Six other nonfarm sectors also posted year-over job growth. The most significant gains came from construction (up 5,700); leisure and hospitality (up 5,600); and trade, transportation, and utilities (up 5,300).
• Two industries recorded job losses over the year: manufacturing (down 1,600) and information (down 500).
New Mobile Photo App by San Diego State
Alumnus Makes Debut at Aztec Basketball Game
Sporting events are made up of a series of moments. There are moments of joy and elation and moments of sadness and disbelief. San Diego State University fans captured themselves in those moments thanks to a new fan experience technology launched at the Jan. 18 men’s basketball game against UNLV at Viejas Arena.
SDSU has partnered with FanPics to be the pilot venue for its new proprietary technology that captures candid photos of every single fan in a venue during key moments in sports. Enabled by patent pending camera technology and software, fans simply enter their seat number into FanPics’s website or mobile app and all of the great images of them celebrating and commiserating from that game will be sent to their mobile devices to share with friends, family and colleagues.
“Every sporting event has amazing moments that make people jump up and down, hug and high five or even cry,” said Marco Correia, FanPics’s director of product development and branding, and graduate of SDSU’s College of Business Administration. “Historically, the focus has been on capturing what happens on the field or on the court. What we’re doing is capturing that raw emotion that happens in the stands, and letting the fans share those emotions, those moments, with friends and family in a way that’s never been done before.”
FanPics was founded in August 2012 with four co-founders from London, New York, Houston and San Diego. An initial prototype was built and tested in London and has been refined and improved and is now installed at Viejas Arena where it will capture moments from the remainder of the 2013-14 men’s basketball season.
Using the app is completely free. Prints of the pictures can be purchased directly from the app. The next several home games where fans can experience FanPics include Colorado State on Feb. 1 and Nevada on Feb. 8. For more information, visit goaztecs.com.
Northrop Grumman Unmanned Surveillance
Aircraft Logs 10,000 Flying Hours in Middle East
An unmanned aircraft built by Northrop Grumman Corp. that is used for maritime surveillance missions by the Navy has surpassed 10,000 combat flying hours in intelligence-gathering missions in the Middle East, the company reported.
Northrop Grumman officials said Broad Area Maritime Surveillance Demonstration (BAMS-D) aircraft are currently flying 15 missions a month and allow fleet commanders to identify and track potential targets of interest using a specialized suite of surveillance sensors.
“BAMS-D has been extremely successful in providing a strategic picture to carrier and amphibious battle groups as they move through areas where we need more awareness,” said Capt. James Hoke, Triton program manager with Naval Air Systems Command. “The BAMS-D aircraft started a six-month deployment in 2009 to demonstrate a maritime surveillance capability. Since then, they have continued to be used and have truly found their role in helping secure the safety of the fleet.”
Based on the Global Hawk unmanned air system designed for land surveillance, the BAMS-D systems were modified to work in a maritime environment. The aircraft regularly fly missions more than 24 hours long at high altitudes.
The Navy is also using BAMS-D to understand how to best use the new surveillance capabilities for the MQ-4C Triton unmanned aircraft. Currently under development, Triton uses an entirely new sensor suite optimized for a maritime environment.
The Navy’s program calls for 68 Tritons to be built. Northrop Grumman is the prime contractor for the program and is using two test aircraft to develop Triton’s capabilities through 2016.
Concourse One Office Building Sells for $12.1 Million
CARLSBAD — Concourse One, a 75,000-square-foot Class A office building at 3207 Grey Hawk Court in Carlsbad, has been sold for $12.1 million to Regent Office Fund II, a fund operated bvy Regent Properties.
The seller was Shea Properties, which was represented by Cushman & Wakefield. The building was built in 2007. Cushman & Wakefield will manage and lease the building.
Gregory Marick Named President of NewSchool of Architecture and Design
Gregory J. Marick, former president of The Art Institute of California-Orange County, has been named president of the NewSchool of Architecture and Design. Marick has more than 15 years of experience in education. During his time at the Art Institute in Orange County, enrollment expanded and regional accreditation was obtained from the Western Association of Schools and Colleges. He expanded the college’s international partnerships in China, including establishing a formal partnership with Kede College in Beijing. Marick also worked as the president of The Art Institute of California-Hollywood.
Early in his career, he was was director of regional operations for Science Enrichment Services, a company providing science enrichment programs for grades K through 6. He also previously worked for Score Learning,Inc., a division of Kaplan that provided educational enrichment programs for grades K–8. He earned his MBA from the University of Southern California and his BBA from Loyola Marymount University.
Solatube International Hires National Sales Manager
VISTA — — Eric Miller has been hired by Solatube International Inc. as national sales manager. As part of his new role, Miller is developing sales and marketing policies for the Building Materials Distribution division of the company.
Prior to Solatube International, Miller was an integrated design instructor at North County Trade Tech High School where he created green curriculum for students and taught architectural design and drafting. He developed a laboratory science/career technical education green building class to be taught across California’s public high schools and charter schools. He received a bachelor’s degree from Amherst College.
Holliday Fenoglio Fowler Adds San Diego Director
Nicholas Frasco has joined Holliday Fenoglio Fowler as a director in its San Diego office. Frasco will specialize in investment sales in San Diego with a primary focus on office, industrial and retail properties. Frasco has more than six years of experience in the industry. He previously worked in the commercial brokerage group at Voit Real Estate Services in the Orange County and San Diego offices. He is a licensed commercial real estate broker in California.. Frasco holds a bachelor’s degreee from the University of Southern California-Marshall School of Business.