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Still A Ways To Go, But California Labor Market Continues Recovery From Covid-19 As Jobs Are Added And Unemployment Falls

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Reimplementation of Restrictions To Prolong Recovery; State Labor Force Contracts

EMPLOYMENT REPORT

Presented by Beacon Economics and the UCR School of Business Center for Economic Forecasting and Development

California’s labor market continued to recover from the effects of the COVID-19 pandemic in July, with total nonfarm employment in the state expanding by 140,400 positions, according to an analysis released jointly by Beacon Economics and the UCR School of Business Center for Economic Forecasting and Development.

“The addition of over 140,000 jobs in July is certainly a positive sign,” said Taner Osman, Research Manager at the UCR Center for Economic Forecasting and Beacon Economics. “But to place this figure in context, if we continue to add jobs at the same rate as in July, it will take until July 2021 to return the state’s labor market to the position it was in in February 2020.”

Year-over-year employment growth in California now stands at -9.4%, one of largest annual declines on record, only trumped by figures from earlier this year. The state has continued to perform slightly worse than the nation, where nonfarm employment declined by 7.5% over the same period. In July, there were over 1.6 million fewer people employed in California than in July 2019.

The state’s unemployment rate fell to 13.3% in July, a 1.6-percentage-point decline relative to June, but a far cry from the 4.0% rate from one year ago. The majority of those who have joined the unemployment rolls, however, still report the nature of their unemployment to be temporary, although a shrinking share of the unemployed report this way. The month-over-month decline in the state’s unemployment rate was aided by a decline in the state’s labor force, which contracted by 167,200 during the month, as some workers gave up looking for work. From a year-over-year perspective, the state’s labor force has declined by 3.0%, nearly 600,000 people, a deeper decline than the 2.1% drop in the nation overall.

Key Findings:

  • After declining in June, Government payrolls rebounded in the latest figures, adding 36,000 positions in July. This was the highest month-to-month gain by any sector in the state. State Government was responsible for the bulk of the gains, with payrolls increasing by a sizeable 31,700 positions in July. Government jobs have been slightly more insulated from the fallout of the COVID-19 pandemic than their private sector counterparts, although the sector is still down 6.2% over the last year.
  • The relaxation of public health mandates and business adaptation allowed a significant number of Retail sector establishments to re-open their doors in the first half of July, which increased payrolls by 28,800 during the month. Health Care and Other Services have also benefited from the relaxation of public health mandates, with jobs expanding by 23,700 and 17,300, respectively, during the month. However, with the reimplementation of businesses closures in the second half of July, certain businesses in Retail Trade and Other Services will temporarily shutter their doors. Health Care has been largely spared from the latest orders.
  • The Construction sector was the only sector to post declines in July, shedding 14,800 during the month. From a year-over-year perspective, Construction payrolls are down 6.3%, slightly better than the labor market as a whole. Renewed builder confidence and an uptick in business activity should give way to an increase in construction activity in the coming months.
  • In Southern California, Los Angeles (MD) saw the biggest job increases, where payrolls grew by 47,400 during the month. The Inland Empire (7,200), San Diego (4,300), and Ventura (4,200) also added a significant number of jobs during the month. Over the past year, Orange County (-12.0%) saw the steepest job losses in the region, measured by percentage decrease, followed by San Diego (-10.0%), the Inland Empire (-9.5%), Los Angeles (MD) (-9.4%), and Ventura (-9.0%).
  • In the San Francisco Bay Area, San Francisco (MD) experienced the largest increase, with payrolls expanding by 8,600 positions in July. Santa Rosa (6,200), San Jose (4,400), the East Bay (1,600), and Vallejo (600) also saw payrolls expand during the month. Over the past year, the East Bay (-12.6%) has had the steepest declines in the region, followed by Vallejo (-11.2%), San Rafael (MD) (-11.1%), San Francisco (MD) (-10.7%), and San Jose (-8.2%).
  • In the Central Valley, Sacramento experienced the largest monthly increase as payrolls expanded by 4,800 positions. Payrolls in Fresno (2,500), Merced (2,500), and Yuba (800) increased as well. Over the last year, Yuba (-10.8%) had the steepest declines followed by Stockton (-10.6%), Chico (-10.5), Modesto (-10.4%), Bakersfield (-9.6%), and Sacramento (-9.0%).
  • On California’s Central Coast, Santa Barbara added the largest number of jobs, with payrolls increasing by 5,500 during the month. Payrolls in San Luis Obispo (2,800), Salinas (2,700), and Santa Cruz (700) also increased. From a year-over-year perspective, Santa Cruz (-14.7%) shed positions at the fastest rate, followed by San Luis Obispo (-13.3%), Salinas (-12.4%), and Santa Barbara (-8.5%).
source: https://ucreconomicforecast.org/index.php/services-for-business/publications/beacon-employment-report/

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

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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%).
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Career & Workplace

Morongo to Host Two Job Fairs in May

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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.

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Career & Workplace

California Storms Slow Jobs Growth in Key Sectors

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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%).
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