July 19, 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 13,400 (0.3%) during the month. The Inland Empire (4,800 or 0.3%), Orange County (4,800 or 0.3%), San Diego (2,000 or 0.1%), Ventura (700 or 0.2%), and El Centro (300 or 0.5%) also saw their payrolls jump during the month. Over the past year, El Centro (2.4%) has enjoyed the fastest job growth in the region, followed by the Inland Empire (1.9%), Ventura (1.4%), Orange County (1.2%), Los Angeles (MD) (1.1%), and San Diego (0.7%).
In the Bay Area, the East Bay experienced the largest increase, with payrolls expanding by 1,800 (0.2%) positions in June. San Rafael (MD) (700 or 0.6%), Santa Rosa (700 or 0.3%), Vallejo (300 or 0.2%), and Napa (100 or 0.1%) also saw payrolls increase during the month. On the other hand, payrolls decreased in San Jose (-1,200 or -0.1%) during the month. Over the past 12 months, Vallejo (2.3%) has seen the fastest job growth in the region, followed by Santa Rosa (2.0%), Napa (2.0%), San Rafael (MD) (1.5%), the East Bay (1.1%), San Jose (0.4%), and San Francisco (MD) (-0.3%).
In the Central Valley, Sacramento experienced the largest monthly increase as payrolls expanded by 2,100 (0.2%) positions in June. Payrolls in Fresno (900 or 0.2%), Bakersfield (800 or 0.3%), Merced (400 or 0.5%), Modesto (200 or 0.1%), Visalia (200 or 0.1%), and Yuba (100 or 0.2%) increased as well. Over the past year, Madera (4.7%) has had the fastest growth, followed by Yuba (4.2%), Merced (3.5%), Modesto (3.1%), Stockton (2.6%), Fresno (2.4%), Sacramento (2.3%), Hanford (2.1%), Visalia (1.7%), Redding (1.4%), Chico (1.2%), and Bakersfield (0.7%).
On California’s Central Coast, Salinas (200 or 01%) added the largest number of jobs during the month. San Luis Obispo (100 or 0.1%) and Santa Barbara (100 or 0.1%) also saw payrolls increase. From June 2023 to June 2024, Santa Cruz (1.7%) has added jobs at the fastest rate, followed by Salinas (1.4%), San Luis Obispo (0.3%), and Santa Barbara (0.2%).
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