April 18, 2025
Beacon Employment Report | California
Presented by Beacon Economics
Copyright © Beacon Economics LLC
INDUSTRY OVERVIEW
- Health Care led growth over the last year, with payrolls expanding by 140,400 or 5.0%. Other sectors posting strong gains over the last year were Government (56,000 or 2.1%), Education (15,000 or 3.6%), and Transportation, Warehousing, and Utilities (8,000 or 1.0%).
- Professional, Scientific, and Technical Services led declines over the past year, with payrolls falling by 36,400, a -2.6% decrease. Other sectors with notable declines over the last year were Manufacturing (-35,300 or -2.8%), Construction (-23,400 or -2.6%), Leisure and Hospitality (-19,500 or -1.0%), Information (-16,300 or -3.0%), Administrative Support (12,100 or -1.1%), Finance and Insurance (-11,200 or -2.3%), Real Estate (-9,800 or -3.32%), and Wholesale Trade (-8,600 or -1.3%).
- At the industry level, growth was mixed in March, with some sectors adding positions while others saw layoffs. Health Care led the gains during the month, with payrolls expanding by 10,400, an increase of 0.4% on a month-over-month basis. Health Care has been one of the primary sources of new jobs in California since the start of the pandemic, with payrolls in the sector up 19.7% since February 2020.
- Other sectors posting strong gains during the month include Government (4,800 or 0.2%), Other Services (2,800 or 0.5%), Education (2,200 or 0.5%), and Retail Trade (1,100 or 0.1%).
- Payrolls also decreased a handful of sectors in March. Transportation, Warehousing, and Utilities saw the largest decline, with payrolls falling by -8,600, a -1.0% contraction on a month-over-month basis. While Transportation, Warehousing, and Utilities has expanded over the last year, a prolonged trade war would act as a headwind to continued growth in this industry.
- Other sectors posting significant declines during the month include Leisure and Hospitality (-6,900 or -0.3%), Professional, Scientific, and Technical Services (-4,100 or -0.3%), Construction (-3,700 or -0.3%), Information (-3,500 or -0.7%), (-5,000 or -1.0%), Manufacturing (-3,000 or -0.2%), Wholesale Trade (-2,700 or -0.4%), and Real Estate (-1,300 or -0.4%).
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