Key Insights:
The Los Angeles-Long Beach-Glendale area saw a 0.9% increase in nonfarm jobs over the year ending December 2024. This growth is slightly below the national average of 1.4% and California’s 1%. The data highlights the local job market’s gradual recovery.
Job Growth in Specific Sectors:
In Los Angeles, the entertainment industry added 3,300 positions in 2024. However, it’s essential to note that since 2019, employment in this sector has dropped by over 21%. On a brighter note, the transportation and warehousing sectors grew by 1.7% in 2024, marking an overall increase of 5.3% since 2019.
Monthly Changes:
From November to December, the L.A. area added 12,100 jobs, which is a 0.3% growth. In contrast, Orange County experienced a slight decline, losing 2,100 jobs, or 0.1%. Across the state, California added 15,000 jobs in December, reflecting a growth rate of 0.1% since November.
Strongest Growing Industries:
In California, several sectors showed significant growth in 2024. Healthcare led the way with a 4.2% increase, followed by arts, entertainment, and recreation at 3%. Local government grew by 2.8%, while transportation, warehousing, and utilities saw a 2.4% rise.
For More Information:
You can explore nationwide job statistics on the U.S. Bureau of Labor Statistics website.
This information is based on research from the APM Research Lab and Marketplace.
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