Southern California job growth streak hits 100 months: 11 things to know




Southern California’s hiring spree has hit 100 months as native bosses added 74,100 workers throughout the 12 months resulted in January.

Here are 11 developments my trusty spreadsheet found relating to January’s job market throughout the four-county space in accordance to info provided by the state’s Employment Development Department. Below we check out January’s (seasonally unadjusted) info in distinction with info from a yr earlier and the widespread of the sooner 5 years …

1. SoCal’s job restoration: 100 consecutive months of year-over-year job growth courting to October 2010. In this post-recession rebound, 1.15 million jobs have been created, or a 2.07 p.c annualized hiring tempo. Rest of state’s streak? 103 months creating 1.69 million jobs at a 2.48 percent-a-year hiring tempo.

2. Jobs: 7.64 million in distinction with 7.57 million a yr prior to now — up 74,100 or 1 p.c — vs. the 7.19 million widespread for the sooner 5 years. And it’s the very best job rely this century for any January.

3. Job growth: 1 p.c in a yr in distinction with 2.5 a yr prior to now and 1.6 p.c two years prior to now. Rest of the state? Up 1.9 p.c.

4. Goods-producing jobs: 949,600 vs. 946,900 a yr prior to now — up 2,700 or 0.3 p.c — vs. the 925,460 widespread for the sooner 5 years. Rest of state in January? Up 3.11 p.c.

5. Service-industry jobs: 6.69 million in distinction with 6.62 million a yr prior to now — up 71,400 or 1.1 p.c — vs. the 6.27 million five-year widespread. Rest of California in January? Up 1.72

6. Government jobs: 1,017,000 vs. 1,007,900 a yr prior to now — up 9,100 or 0.9 p.c — vs. the 960,633 widespread for the sooner 5 years. Rest of state in January? Up 2.22 p.c.

7. Unemployment cost: 4.6 p.c in distinction with 4.5 p.c a yr prior to now; and a 6.8 p.c 5-year widespread. Rest of the state? 4.97 p.c in January. U.S. cost? 4.5 p.c.

8. Number of jobless: 403,100 in distinction with 394,600 a yr prior to now — up 8,500 or 2.2 p.c — vs. the 344,492 widespread for the sooner 5 years.

9. Los Angeles County: 4.9 p.c unemployment in January as a result of the number of jobs grew 0.67 p.c in a yr.

10. Orange County: 3.3 p.c unemployment; jobs grew 1.07 p.c.

11. Inland Empire: 4.6 p.c unemployment; job grew 1.79 p.c.




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