Connect with us

Career & Workplace

California Outpacing Nation in Employment Growth in 2021; State Recovery Still Lags Nation Overall, But More Rapid Expansion Expected Over Summer

Published

on

Unemployment Rate Holds Steady As State Labor Force Increases

California’s labor market continued to expand at a rapid pace in May, according to an analysis released jointly by Beacon Economics and the UC Riverside School of Business Center for Economic Forecasting and Development. 

Total nonfarm employment in the state grew by 104,500 positions over the month and California accounted for 18.7% of the 559,000 net jobs added in the nation. In addition to California’s strong monthly gains in May, April’s gains were revised up to 102,000 in the latest numbers, a +200 increase from the preliminary estimate of 101,800.

Over the past four months, California’s economy has added close to 500,000 jobs, representing the fastest hiring surge since summer 2020. These gains are very welcome since, as of May 2021, there were still 1.31 million fewer people employed in California than in February 2020. Total nonfarm employment in the state has contracted 7.4% since that time. This compares unfavorably to the national picture, where the labor market has shrunk by 5.0% over the same period. Given that the state fully reopened its economy on June 15th, the recent surge in hiring is expected to continue over the summer. And because California’s labor market recovery has lagged the nation’s, the state should see more rapid growth (relative to the U.S.) in the coming months.

California’s unemployment rate fell to 7.9% in May, a 0.1 percentage-point decline from the previous month, and the state’s labor force expanded by 12,400. California’s unemployment rate remains elevated relative to the 5.8% rate in the United States overall. Since February 2020, the state’s labor force has fallen by 525,400 workers, a 2.7% decline.

“It has been an encouraging few months, with employment growth in California outpacing the rate of growth nationally in 2021,” said Taner Osman, Research Manager at Beacon Economics and the UCR Center for Forecasting. “Although the labor market recovery in the state lags the nation overall, the recent reopening of California’s economy will hopefully go some way towards closing that gap.”

Industry Profile 

  • At the industry level, the largest jobs gains continue to occur in the sectors hardest hit by the pandemic. While California has made up significant ground in recent months, employment levels in many of these sectors remain far below their pre-pandemic levels.
  • Leisure and Hospitality led the gains in May, with payrolls expanding by 62,300. Still, the sector has a long way to go to recover all the jobs lost due to the economic downturn, with payrolls having fallen by 517,500 (-25.1%) since their previous peak in February 2020.
  • Other sectors posting strong gains during the month were Information (11,200), Health Care (9,500), Education (7,000), Wholesale Trade (4,300) , and Administrative Support (3,600).
  • A handful of sectors saw their payrolls decline in May. These included Transportation, Warehousing & Utilities (-1,900), Construction (-1,600), Retail Trade (-1,300), and Mining and Logging (-300). 

Regional Profile

  • Regionally, job gains were led by Southern California. Los Angeles (MD) saw the largest increase, where payrolls grew by 30,600 during the month. Orange County (23,200), the Inland Empire (6,000), and Ventura (1,200) also saw their payrolls jump during the month. Since the pre-pandemic peak in February 2020, Los Angeles (MD) (-10.0%) has experienced the steepest job losses in the region, measured by percentage decrease, followed by San Diego (-8.2%), Ventura (-7.7%), Orange County (-7.3%), El Centro (-6.3%), and the Inland Empire (-4.2%).
  • In the San Francisco Bay Area, San Francisco (MD) experienced the largest increase, with payrolls expanding by 6,000 positions in May. The East Bay (4,600), San Jose (3,900), Napa (1,800), and Santa Rosa (1,100) also saw payrolls expand during the month. Since the pre-pandemic peak in February 2020, San Francisco (MD) (-10.6%) has had the steepest declines in the Bay Area, followed by Santa Rosa (-9.9%), the East Bay (-8.5%), Napa (-8.4%), Vallejo (-8.4%), San Rafael (MD) (-8.3%), and San Jose (-7.0%).
  • In the Central Valley, Sacramento experienced the largest monthly increase as payrolls expanded by 2,600 positions in May. Payrolls in Fresno (1,300), Stockton (1,000), Bakersfield (700), Hanford (600), and Yuba (400) increased steadily as well. Since the pre-pandemic peak in February 2020, Chico (-8.8%) has experienced the steepest declines, followed by Bakersfield (-7.4%), Visalia (-7.0%), Yuba (-6.2%), Fresno (-5.7%), Hanford (-5.5%), and Sacramento (-5.1%).
  • On California’s Central Coast, Salinas and San Luis Obispo added the largest number of jobs, with payrolls increasing by 500 in each region during the month. Santa Cruz (-200) and Santa Barbara (-100) saw payrolls decline during the month. Since the pre-pandemic peak in February 2020, Santa Cruz has shed positions at the fastest rate (-12.7%), followed by San Luis Obispo (-11.7%), Salinas (-9.1%), and Santa Barbara (-7.7%). 

The Inland Empire Business Journal (IEBJ) is the official business news publication of Southern California’s Inland Empire region - covering San Bernardino & Riverside Counties.

Career & Workplace

California Job Growth Sees Progress; State Accounts for One-Quarter of All Jobs Added in the Nation

Published

on

Labor Force Grows But Long Term Struggle With Worker Supply Continues

 California’s labor market continued to expand in April, with total nonfarm employment in the state growing by 67,000 positions over the month, according to an analysis released today by Beacon Economics. March’s gains were also revised up to 11,900 in the latest numbers, a 3,200 increase from the preliminary estimate of 8,700.

“California accounted for roughly one-quarter of the jobs added in the nation during April,” said Taner Osman, Research Manager at Beacon Economics. “Despite all the talk of tech-sector lay-offs, the state’s economy has had a strong start to the year, adding jobs at a quicker rate than the nation as a whole.”

As of April 2023, California has recovered all of the jobs that were lost in March and April 2020, and there are now 365,400 more people employed in the state compared to February 2020, the month before pandemic-related employment losses occurred. Total nonfarm employment in the state has grown 2.1% since the pre-pandemic peak compared to a 2.2% increase nationally. Annually, California increased payrolls by 2.4% from April 2022 to April 2023, trailing the 2.6% increase nationally over the same period.

California’s unemployment rate increased to 4.4% in the latest numbers, which is elevated relative to the 3.4% rate in the United States overall. California is continuing to struggle with its labor supply, which grew by 32,700 in April, an increase of 0.2% on a month-over-month basis. Since February 2020, the state’s labor force has fallen by 196,400 workers, a 1.0% decline.

Industry Profile  

  • At the industry level, job gains were broad based. Health Care led the way in April, with payrolls expanding by 18,200 in that sector, an increase of 0.7% on a month-over-month basis. In other words, Health Care accounted for just over one in four of the net jobs added in the state in April. Health Care payrolls are now up 5.3% on a year-over-year basis.
  • Leisure and Hospitality  was the next best performing sector, adding 13,100 jobs, a month-over-month increase of 0.6%. Leisure and Hospitality payrolls are now down just 1.1% since February 2020 and they are on track to fully recover in the coming months.
  • Other sectors posting strong gains during the month were Transportation, Warehousing, and Utilities (5,800 or 0.7%), Retail Trade (5,400 or 0.3%), Government  (4,500 or 0.2%), Other Services  (4,000 or 0.7%), and Professional, Scientific, and Technical Services (3,800 or 0.3%).
  • Payrolls decreased in only two sectors in April, and these declines were minor. The only sectors with job losses were Wholesale Trade (-900 or -0.1%) and Mining and Logging (-100 or -0.5%).

Regional Profile

  • Regionally, job gains were led by Southern California. Los Angeles (MD) saw the largest increase, where payrolls grew by 21,500 (0.5%) during the month. Orange County (8,900 or 0.5%), the Inland Empire (4,400 or 0.3%), San Diego (4,200 or 0.3%), Ventura (900 or 0.3%), and El Centro (100 or 0.2%) also saw their payrolls jump during the month. Over the past year, El Centro (3.4%) has enjoyed the fastest job growth in the region, followed by Orange County (3.1%), San Diego (3.0%), Los Angeles (MD) (2.5%), Ventura (2.0%), and the Inland Empire (1.0%).
  • In the San Francisco Bay Area, the East Bay experienced the largest increase, with payrolls expanding by 6,400 (0.5%) positions in April. San Francisco (MD)  (1,600 or 0.1%), San Rafael (MD) (1,100 or 1.0%), Santa Rosa (1,000 or 0.5%), and Vallejo (800 or 0.6%) also saw payrolls expand during the month. Over the past 12 months, Napa (3.5%) experienced the fastest job growth in the region, followed by San Jose (3.1%), Santa Rosa (3.0%), San Francisco (MD) (2.9%), Vallejo (2.4%), the East Bay (1.9%), and San Rafael (MD) (1.3%).
  • In the Central Valley, Sacramento experienced the largest monthly increase as payrolls expanded by 6,900 (0.6%) positions in April. Payrolls in Modesto (1,200 or 0.6%), Stockton (1,200 or 0.4%), Bakersfield (900 or 0.3%), Fresno (500 or 0.1%), Visalia (400 or 0.3%), Merced (300 or 0.4%), and Yuba (300 or 0.6%) also saw their payrolls jump during the month. Over the past year, Yuba (3.8%) had the fastest growth, followed by Hanford (3.6%), Fresno (3.2%), Madera (3.1%), Redding (3.1%), Visalia (3.0%), Modesto (2.6%), Sacramento (2.5%), and Stockton (2.2%).
  • On California’s Central Coast, Salinas (700 or 0.5%) added the largest number of jobs. Santa Cruz (300 or 0.3%) and Santa Barbara (300 or 0.2%) also saw payrolls increase during the month. From April 2022 to April 2023, Salinas (3.78%) added jobs at the fastest rate, followed by Santa Cruz (3.4%), San Luis Obispo (2.9%), and Santa Barbara (2.5%).
Continue Reading

Career & Workplace

Morongo to Host Two Job Fairs in May

Published

on

The Morongo Casino Resort & Spa is seeking to fill dozens of positions across the property for nearly all departments.

The AAA-Four Diamond Morongo Casino Resort & Spa is preparing to meet surging summer demand by hosting two job fairs in May. The events will cover dozens of positions across the resort and its restaurants.

Set to take place in the new Marketplace food hall, the job fairs will occur on the 2nd and 16th:

  • May 2, 2023, 10:00 a.m. to 12:00 p.m. in the Marketplace food hall
  • May 16, 2023, 10:00 a.m. to 12:00 p.m. in the Marketplace food hall

“As we approach the summer season, we’re excited to bring on new team members to support our consistent growth and continue building a team that goes above and beyond for our guests,” said Richard St. Jean, Morongo’s Chief Operating Officer. “Those with hospitality and restaurant experience should consider joining us as we work together to exceed guest expectations and provide unforgettable experiences.”

The job fairs will include possible on-the-spot offers for several departments, including cash operations, count room, entertainment, food and beverage, hospitality, housekeeping, promotions, public safety and surveillance, and the Morongo Travel Center. Positions are also available at the Marketplace, a new upscale food hall by celebrity chef Fabio Viviani featuring seven gourmet eateries that allow diners to pay a single fee to experience cuisine from Italy, Mexico, South America, Asia, and the Southern United States.

Candidates are asked to complete an online application prior to attending the events, available at http://www.morongocasinoresort.com/employment.

Morongo offers competitive wages and benefits, including medical, dental and vision insurance options for full-time team members and dependents with affordable pricing, and life insurance options for full and part-time team members. Additional benefits include a 401(k) plan, vacation and jury duty pay, paid meal breaks and free meals. Team members receive discounts at Morongo restaurants and various enterprises, including Sage Spa, Canyon Lanes Bowling, and the Morongo Golf Club at Tukwet Canyon.

Continue Reading

Career & Workplace

California Storms Slow Jobs Growth in Key Sectors

Published

on

Unemployment Rate Remains Near A Historic Low But Still Higher Than Nation

California’s labor market grew slowly in March, with total nonfarm employment in the state expanding by just 8,700 positions, according to an analysis released today by Beacon Economics.

Recent extreme weather and flooding likely played a role in the slowdown as major storms hit California during the survey week and impacted sectors including Construction and Real Estate. February’s gains were also revised down to 21,800 in the latest numbers, a 10,500 decrease from the preliminary estimate of 32,300.

“Given the adverse weather last month, it’s difficult to get a true read on how California’s labor market actually performed,” said Taner Osman, Research Manager at Beacon Economics. “Interestingly, while labor markets in inland communities had been outperforming coastal communities since the start of the pandemic, we are now starting to see these differences level out, with stronger job growth in some coastal communities.”

Statewide, as of February 2023, there were 295,200 more people employed in California compared to February 2020, the pre-pandemic peak. Total nonfarm employment in the state grew 1.7% over this time, compared to a 2.1% increase in the United States as a whole. Annually, California payrolls increased by 2.5% from March 2022 to March 2023, trailing the 2.7% national increase over the same period.

California’s unemployment rate held steady at 4.4% in March 2023. While this is near historic lows, the state’s unemployment rate remains elevated relative to the United States overall (3.5%). California continues to struggle with its labor supply, which grew by 32,700 in March, an increase of 0.2% on a month-over-month basis. Since February 2020, the state’s labor force has fallen by 229,600 workers, a 1.2% decline.

Industry Profile  

  • At the industry level, job gains were mixed as extreme weather impacted several of California’s job sectors. Health Care led the gains in March, with payrolls expanding by 7,400, an increase of 0.3% on a month-over-month basis. Health Care jobs are now up 4.8% on a year-over-year basis.
  • Other sectors posting strong gains during the month were Government (6,900 or 0.3%), Information (5,400 or 0.9%), Leisure and Hospitality (4,900 or 0.2%), and Transportation, Warehousing, and Utilities (4,300 or 0.5%).
  • Payrolls decreased in a handful of sectors in March. Due to the major storms that hit the state, Construction posted the largest declines, with payrolls falling by 8,200 during the month, a 0.9% decline on a month-over-month basis.
  • Other sectors with significant job losses included Administrative Support (-5,000 or -0.4%), Real Estate (-2,400 or -0.8%), Finance and Insurance (-1,300 or -0.2%), and Other Services (-1,200 or -0.2%).

Regional Profile

  • Regionally, job gains were led by Southern California. Los Angeles (MD) saw the largest increase, where payrolls grew by 14,800 (0.3%) during the month. San Diego (3,100 or 0.2%), Ventura (1,200 or 0.4%), and El Centro (300 or 0.5%) also saw their payrolls jump. In contrast, Orange County (-2,400 or -0.1%) and the Inland Empire (-2,300 or -0.1%) experienced payrolls drop in March. Over the past year, El Centro (3.6%) enjoyed the fastest job growth in the region, followed by San Diego (3.2%), Orange County (2.8%), Los Angeles (MD) (2.5%), Ventura (1.9%), and the Inland Empire (0.7%).
  • In the Bay Area, San Jose experienced the largest increase, with payrolls expanding by 2,200 (0.2%) positions in March. Santa Rosa (300 or 0.1%) and Napa (100 or 0.1%) also saw payrolls expand. In contrast, the East Bay (-6,400 or -0.5%), San Francisco (MD) (-1,400 or -0.1%), and San Rafael (MD) (-400 or -0.4%) all had payrolls drop in March. Over the past 12 months, Napa (4.5%) has experienced the fastest job growth in the region, followed by San Jose (3.5%), San Francisco (MD) (3.2%), Santa Rosa (2.9%), Vallejo (1.3%), the East Bay (1.0%), and San Rafael (MD) (0.4%).
  • In the Central Valley, Bakersfield experienced the largest monthly increase in March as payrolls expanded by 400 (0.1%) positions. Payrolls in Sacramento (200) and Fresno (100) increased as well. In contrast, Yuba (-400 or -0.8%), Merced (-300 or -0.4%), Redding (-200 or -0.3%), Madera (-200 or -0.5%), Visalia (-100 or -0.1%), and Modesto (-100 or -0.1%) all saw declines. Over the past year, Hanford (3.6%) has enjoyed the fastest growth, followed by Fresno (3.4%), Visalia (2.8%), Yuba (2.6%), Stockton (2.4%), Redding (2.3%), Madera (2.1%), Modesto (2.1%) and Sacramento (2.0%).
  • On California’s Central Coast, Salinas (800 or 0.5%) and Santa Barbara (800 or 0.4%) added the largest number of jobs. San Luis Obispo (500 or 0.4%) and Santa Cruz (100 or 0.1%) also saw payrolls increase. From March 2022 to March 2023, San Luis Obispo (3.7%) has added jobs at the fastest rate, followed by Santa Cruz (3.5%), Salinas (3.3%), and Santa Barbara (2.0%).
Continue Reading

Business Journal Newsletter



Advertisement

Trending