April 19, 2024
Beacon Employment Report | California
Presented by Beacon Economics
Copyright © Beacon Economics LLC
REGIONAL OVERVIEW
Regionally, job gains were led by Southern California. Los Angeles (MD) saw the largest increase, where payrolls grew by 6,700 (0.1%) during the month. Orange County (MD) (4,100 or 0.2%), the Inland Empire (3,600 or 0.2%), San Diego (1,800 or 0.1%), and Ventura (1,100 or 0.3%) also saw their payrolls jump during the month. Over the past year, El Centro (2.4%) has had the fastest job growth in the region, followed by Ventura (2.0%), Orange County (1.7%), the Inland Empire (1.6%), San Diego (0.8%), and Los Angeles (MD) (0.4%).
In the Bay Area, San Jose experienced the largest increase, with payrolls expanding by 2,800 (0.2%) positions in March. The East Bay (900 or 0.1%), Santa Rosa (400 or 0.2%), Vallejo (300 or 0.2%), San Rafael (MD) (200 or 0.2%), and Napa (100 or 0.1%) also saw payrolls increase during the month. Over the past 12 months, Vallejo (3.4%) has had the fastest job growth in the region, followed by Napa (2.7%), Santa Rosa (2.2%), San Rafael (MD) (2.1%), the East Bay (1.2%), San Jose (0.2%), and San Francisco (MD) (-0.9%).
In the Central Valley, Sacramento experienced the largest monthly increase as payrolls expanded by 3,300 (0.3%) positions in March. Payrolls in Bakersfield (1,900 or 0.7%), Fresno (1,800 or 0.5%), Modesto (1,000 or 0.5%), Stockton (1,000 or 0.4%), Yuba (700 or 1.4%), Visalia (300 or 0.2%), Merced (200 or 0.3%), and Redding (200 or 0.3%) increased as well. Over the past year, Madera (6.0%) has enjoyed the fastest growth, followed by Yuba (4.6%), Merced (4.5%), Modesto (4.4%), Redding (3.8%), Sacramento (2.8%), Visalia (2.7%), Stockton (2.7%), Fresno (2.6%), Hanford (2.4%), Chico (1.5%), and Bakersfield (1.2%).
On California’s Central Coast, Salinas (900 or 0.6%) added the greatest number of jobs during the month. Santa Barbara (200 or 0.1%), San Luis Obispo (100 or 0.1%) and Santa Cruz (100 or 0.1%) also saw payrolls increase. From March 2023 to March 2024, Santa Cruz (1.9%) has added jobs at the fastest rate, followed by Salinas (1.5%), Santa Barbara (1.1%), and San Luis Obispo (0.7%).
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