Southern California has added a record number of workers in the past year, reaching a total of 8.06 million jobs. However, the hiring pace is only half of what it was before the pandemic, with job creation significantly lower than in previous years. The region is facing a shortage of workers, making it difficult for businesses to meet their staffing needs.
A closer look at the industries reveals that 10 sectors, including professional-business services and construction, have seen a decline in hiring. On the other hand, five industries, such as social assistance and healthcare, have experienced an increase in job growth.
The shift towards lower-paying industries is concerning, especially in a high-cost area like Southern California. The overall trend of slower job creation raises important questions about the state of the economy in the region. With ongoing challenges in hiring and workforce availability, businesses are facing a complex landscape in their efforts to maintain staffing levels and meet demand.
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