Updated
Updated · OCRegister · Jul 2
Southern California Job Growth Stalls at 0.1% as Hiring Falls 92% Below 10-Year Pace
Updated
Updated · OCRegister · Jul 2

Southern California Job Growth Stalls at 0.1% as Hiring Falls 92% Below 10-Year Pace

1 articles · Updated · OCRegister · Jul 2

Summary

  • Southern California added just 6,300 jobs over 12 months through May, lifting total employment to a record 9.9 million but leaving annual growth at only 0.1%.
  • That hiring pace is 92% below the region’s average annual gain since 2016, with employers facing pressure from the Iran war, high gasoline prices, shifting trade policy and uncertainty over AI’s impact.
  • Los Angeles County lost 4,000 jobs and Orange County lost 5,800 from a year earlier, while the Inland Empire added 4,500 and San Diego added 13,400, also a record for San Diego.
  • California still added 102,900 jobs statewide to a record 18.17 million, but Southern California—55% of state employment—generated only 6% of that growth.
  • Nationally, U.S. employment reached a record 159 million in May, up 503,000 from a year earlier, a hiring pace 67% below the country’s 10-year norm.

Insights

California has record jobs, but high-wage workers are leaving. Is the state's economic foundation cracking?
As AI and remote work reshape the economy, can California's new policies prevent a massive brain drain?