California job market 2024

california job market 2024

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The tech and finance industries led those losses. California enacts new climate rules.

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California job market outlook for 2024
Employers in the state add jobs in August, far below its nationwide share. Hiring in film, manufacturing and other key sectors stalls. The percent year-over job growth (adding , nonfarm jobs from July to July ) was returned to pre-pandemic growth ( percent between and ). Fewer Californians are working in tech and finance, while more have jobs that relate to government spending.
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A disproportionately large number of them are younger workers, said private consulting firm Beacon Economics. Since January , private-sector employment in the state declined by over 46, workers. Here we go again: California prepares to battle Trump over environmental policies. Gains in public-sector and other jobs largely supported by public money have cloaked a dismal California labor market, which has seen a big decline of private-industry jobs since their post-pandemic peak, a new analysis shows. About Us.