June 21, 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 8,300 (0.2%) during the month. The Inland Empire (3,800 or 0.2%), Orange County (1,500 or 0.1%), San Diego (1,500 or 0.1%), Ventura (1,000 or 0.3%), and El Centro (200 or 0.3%) also saw their payrolls jump during the month. Over the past year, Ventura (1.5%) saw the fastest job growth in the region, followed by the Inland Empire (1.4%), El Centro (1.2%), Orange County (0.8%), Los Angeles (MD) (0.7%), and San Diego (0.6%).
In the Bay Area, San Jose experienced the largest increase, with payrolls expanding by 3,300 (0.3%) positions in May. The East Bay (2,100 or 0.2%), San Francisco (MD) (1,000 or 0.1%), Vallejo (400 or 0.3%), Napa (300 or 0.4%) and Santa Rosa (200 or 0.1%) also saw payrolls increase during the month. Over the past 12 months, Vallejo (2.8%) enjoyed the fastest job growth in the region, followed by Napa (2.3%), Santa Rosa (1.8%), San Rafael (MD) (1.1%), the East Bay (0.9%), San Jose (0.5%), and San Francisco (MD) (-0.5%).
In the Central Valley, Sacramento experienced the largest monthly increase as payrolls expanded by 3,400 (0.3%) positions in May. Payrolls in Fresno (1,200 or 0.3%), Stockton (1,200 or 0.4%), Modesto (700 or 0.4%), Hanford (200 or 0.5%), Visalia (200 or 0.1%), and Yuba (100 or 0.2%) increased as well. Over the past year, Madera (5.4%) has experienced the fastest growth, followed by Yuba (4.0%), Modesto (3.6%), Merced (3.4%), Stockton (2.9%), Fresno (2.3%), Redding (2.3%), Sacramento (2.3%), Hanford (2.1%), Visalia (2.1%), Chico (1.3%), and Bakersfield (0.8%).
On California’s Central Coast, Santa Cruz (500 or 0.5%) and Santa Barbara (500 or 0.3%) added the largest number of jobs during the month. Salinas (300 or 0.2%) and San Luis Obispo (200 or 0.2%) also saw payrolls increase during the month. From May 2023 to May 2024, Salinas (1.4%) has added jobs at the fastest rate, followed by Santa Cruz (1.3%), Santa Barbara (0.8%), and San Luis Obispo (0.4%).
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