June Witnesses a Slowdown in Job Growth
The data pertaining to employment dynamics in Los Angeles County over the past year has shed light on some pressing issues related to the region’s job sector. The region witnessed a slowdown in job creation as the labor force shrunk, with approximately 42,000 jobs being added to payrolls in the year ending in June, marking a growth rate of 0.9%. This figure proves to be a decrease compared to the previous year, which saw 60,000 jobs added, leading to a 1.3% growth rate.
One of the key factors driving this noticeable decrease is the contraction of the workforce within the county, currently down by 1%. This contraction is largely attributed to the steep housing costs that are forcing many to relocate. Another contributing factor is the rising labor costs. On a brighter note, significant job growth of around 48,000 jobs was recorded in the health care and social assistance sector, possibly spurred by the increase in Medicaid spending.
On the contrary, the manufacturing sector saw the most significant loss in payroll jobs, with the durable goods subsector, including the making of machinery and aerospace products, bearing the brunt of job cuts. Despite job losses in many sectors, the county’s unemployment rate remained steady at 5.8% for the third consecutive month.
A projected outcome of the $20 per hour minimal wage mandate for the fast-food industry is hiring fewer workers as the cost per worker escalates.
If you need assistance regarding employment issues, it’s crucial to know how to get a hold of key organizations. If you want to get in touch with the California Employment Development Department (EDD), the website eddcaller.com provides useful information and may help you figure out how to get an EDD live person on the line. It’s many individuals’ experience that talking to a real person often leads to quicker resolutions and better understanding of their status within the system.