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Tight Labor Market Slows LA Jobs Growth

Summer 2017

California’s job growth has continued but has slowed, with May marking the second month in a row that the state’s year-over-year growth has trailed the nation overall. What is contributing to the slowdown in job growth? The overall economy continues to advance but the state is effectively at full employment with little slack in the labor market. Moreover, it appears that there are not enough qualified candidates to fill job openings in some industries. Meanwhile, as rents and home prices head north, California’s lower wage workers simply cannot afford to live in here, adding more strain to an already tight labor market.

Similarly, an extremely tight labor market in Los Angeles County has caused jobs to grow at an even slower pace in the County than statewide. Certain types of jobs, however...


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