January 27, 2025
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 12,100 (0.3%) during the month. San Diego (2,100 or 0.1%), the Inland Empire (1,800 or 0.1%), El Centro (300 or 0.5%), and Ventura (300 or 0.1%) also saw their payrolls jump. On the other hand, payrolls decreased in Orange County (-2,100 or -0.1%). Over the past year, El Centro (1.9%) has enjoyed the fastest job growth in the region, followed by the Inland Empire (1.3%), Ventura (1.3%), Los Angeles (MD) (0.9%), Orange County (0.7%), and San Diego (0.5%).
In the Bay Area, Santa Rosa experienced the largest increase, with payrolls expanding by 800 (0.4%) positions in December. Napa (100 or 0.1%) and Vallejo (100 or 0.1%) also saw payrolls increase during the month. In contrast, payrolls fell in the East Bay (-1,100 or -0.1%), San Jose (-700 or -9.1%), San Francisco (MD) (-300), and San Rafael (MD) (-100 or -0.1%). Over the past 12 months, San Rafael (MD) (1.7%) has seen the fastest job growth in the region, followed by Vallejo (0.9%), the East Bay (0.7%), Santa Rosa (0.7%), San Jose (0.3%), Napa (-0.5%), and San Francisco (MD) (-0.7%).
In the Central Valley, Sacramento (3,000 or 0.3%) experienced the largest monthly increase in December. Payrolls in Stockton (1,400 or 0.5%), Merced (400 or 0.5%), Modesto (300 or 0.2%), Bakersfield (200 or 0.1%), Redding (200 or 0.3%), Hanford (100 or 0.2%), and Visalia (100 or 0.1%) increased as well. On the other hand, payrolls declined in Yuba (-200 or -0.4%). Over the past year, Stockton (5.3%) has ejoyed the fastest growth, followed by Yuba (2.9%), Madera (2.3%), Merced (2.2%), Chico (2.0%), Fresno (1.7%), Visalia (1.6%), Redding (1.5%), Hanford (1.2%), Sacramento (1.0%), Modesto (1.0%), and Bakersfield (0.7%).
On California’s Central Coast, Santa Barbara (700 or 0.4%) added the largest number of jobs during the month. Salinas (600 or 0.4%), San Luis Obispo (100 or 0.1%), and Santa Cruz (100 or 0.1%) also saw payrolls increase. From December 2023 to December 2024, Salinas (1.8%) added jobs at the fastest rate, followed by San Luis Obispo (1.1%), Santa Cruz (0.9%), and Santa Barbara (06%).
More
Information
For information about Beacon’s practice areas, please contact:
Managing Partner Sherif Hanna at 424.646.4656 or [email protected]