Southern California Adds 45,900 Jobs, 42% Slower but Beating U.S. 0.2% Growth
Updated
Updated · OCRegister · Aug 25
Southern California Adds 45,900 Jobs, 42% Slower but Beating U.S. 0.2% Growth
2 articles · Updated · OCRegister · Aug 25
Summary
Southern California payrolls reached 9.9 million in July, up 45,900 from a year earlier, leaving annual job growth 42% below the region’s 10-year norm.
A 0.5% regional gain still outpaced the nation’s 0.2% increase, as U.S. job creation slowed 78% from its post-2016 average to 316,000 jobs.
Iran war risks, shifting trade policy, high inflation and interest rates, and cautious consumers are making employers reluctant to hire.
Los Angeles led local gains with 20,700 jobs added, followed by San Diego, the Inland Empire and Orange County, while Ventura lost 1,500 jobs and Imperial slipped by 200.
California remained a national hiring bright spot: its other 51 counties added 66,600 jobs, and the state accounted for 36% of U.S. job growth while holding 11% of total employment.