December 20, 2024
Beacon Employment Report | California
Presented by Beacon Economics
Copyright © Beacon Economics LLC
REGIONAL OVERVIEW
Regionally, job gains were led by the Southern California. The Inland Empire saw the largest increase, where payrolls grew by 3,700 (0.2%) during the month. Orange County (MD) (2,500 or 0.1%) and Ventura (900 or 0.3%) also saw their payrolls jump during the month. On the other hand, payrolls decreased in San Diego (-2,600 or -0.2%), Los Angeles (MD) (-900), and El Centro (-100 or -0.2%). Over the past year, Ventura (2.0%) has enjoyed the fastest job growth in the region, followed by the El Centro (1.9%), Inland Empire (1.6%), Los Angeles (MD) (1.0%), Orange County (0.9%), and San Diego (0.6%).
In the Bay Area, the East Bay experienced the largest increase, with payrolls expanding by 1,900 (0.2%) positions in November. San Francisco (MD) (600 or 0.1%), San Rafael (MD) (500 or 0.4%), and Vallejo (200 or 0.1%) also saw payrolls rise during the month. Over the past 12 months, San Rafael (MD) (2.6%) has experienced the fastest job growth in the region, followed by Vallejo (1.0%), the East Bay (0.9%), Santa Rosa) (0.7%), San Jose (0.6%), Napa (0.0%), and San Francisco (MD) (-0.2%).
In the Central Valley, Visalia (700 or 0.5%) had the largest monthly increase in November. Payrolls in Modesto (600 or 0.3%), Chico (500 or 0.6%), Merced (200 or 0.3%), and Yuba (200 or 0.4%) increased as well. On the other hand, payrolls declined in Fresno (-2,000 or -0.5%), Sacramento (-900 or -0.1%), and Hanford (-200 or -0.5%). Over the past year, Stockton (4.2%) saw the fastest growth, followed by Yuba (3.7%), Chico (2.6%), Merced (2.3%), Madera (2.3%), Fresno (2.1%), Visalia (2.0%), Redding (1.8%), Modesto (1.8%), Hanford (1.4%), Bakersfield (1.4%), and Sacramento (1.0%).
On California’s Central Coast, Santa Cruz (200 or 0.2%) added the largest number of jobs during the month. In contrast, Salinas (-900 or -0.6%) and Santa Barbara (-700 or -0.4%) saw payrolls fall. Payrolls remained unchanged in San Luis Obispo. From November 2023 to November 2024, Salinas (1.5%) added jobs at the fastest rate, followed by Santa Cruz (1.1%), San Luis Obispo (1.0%), and Santa Barbara (0.4%).
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