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EMPLOYMENT OUTLOOK
The following information is from the California Projections of Employment,
published by the Labor Market Information Division.
Estimated number of workers in 1993 5,440
Estimated number of workers in 2005 6,300
Projected Growth 1993-2005 16%
Estimated openings due to separations by 2005 1,340
(These figures do not include self-employment or openings due to turnover.)
The number of appraisers in the private sector is highly dependent upon
interest rates and general economic conditions that drive real estate
activity. When rates are low, residential and commercial purchases together
with mortgage refinancing can cause an almost frenzied demand for
appraisals. When rates increase substantially, or the economy sputters,
real estate activity usually declines, and few appraisals are needed.
Layoffs may then occur in appraisal staffs, and independent appraisers may
at least temporarily leave the field. Government employment is less
sensitive to economic cycles, but growth there is all but stagnant.
