January 22, 2021
Beacon Employment Report | California
Presented by Beacon Economics
Copyright © Beacon Economics LLC
California’s labor market recovery stumbled in December with all of the state’s major metro regions experiencing job declines in the latest numbers. Those declines were led by Southern California.
Los Angeles (MD) saw the largest decrease, where payrolls fell by 33,400 positions during the month. Orange County (-7,800), San Diego (-3,500), Ventura (-2,700), and the Inland Empire (-2,200) also saw payrolls drop during the month. Over the past year, El Centro (-9.4%) has experienced the steepest job losses in the region, measured by percentage decrease, followed by Los Angeles (MD) (-9.1%), Orange County (-8.5%), Ventura (-8.2%), the Inland Empire (-7.2%), and San Diego (-6.9%).
In the San Francisco Bay Area, San Jose experienced the largest decrease, with payrolls falling by 7,800 positions in December. San Francisco (MD) (-6,700), San Rafael (MD) (-1,400), and Santa Rosa (-1,100) also saw payrolls decline during the month. From a year-over-year perspective, the San Francisco (MD) (-9.9%) has had the steepest declines in the Bay Area, followed by the East Bay (-9.6%), San Rafael (MD) (-9.5%), Santa Rosa (-9.2%), Vallejo (-8.8%), Napa (-8.0%), and San Jose (-6.9%).
In the Central Valley, Fresno and Visalia experienced the largest monthly decline in payrolls, with payrolls declining by 1,800 positions in each metro in December. Payrolls in Stockton (-700) and Modesto (-700) declined as well. Over the last year, Yuba (-14.5%) had the steepest declines, followed by Chico (-10.5%), Modesto (-8.7%), Bakersfield (-8.1%), Hanford (-7.2%), Merced (-7.0%), and Stockton (-6.9%).
On California’s Central Coast, San Luis Obispo added the largest number of jobs, with payrolls increasing by 2,200 during the month. In contrast, payrolls in Santa Barbara (-300), Santa Cruz (-200), and Salinas (-200) declined during the month. From a year-over-year perspective, Santa Cruz (-13.0%) shed positions at the fastest rate, followed by San Luis Obispo (-11.6%), Salinas (-10.3%), and Santa Barbara (-7.5%).