Southern California retailers added 15,900 jobs in a month, transportation/warehouses grew staffs by 9,400 and restaurants added 1,400 workers.
Southern California’s bosses added 55,600 workers in November — slightly below the month’s average hiring pace.
November’s hiring pace was faster than the 28,442 workers added monthly on average in the past year. The month is typically a busy one for hires as bosses staff up for holiday shopping and year-end events. Between 2015 and 2019, the average November added 64,060 jobs in the region. The below-par hiring is more likely due to a shortage of job candidates rather than the Federal Reserve’s attempt to cool an overheated economy with higher interest rates. However, the more rate-sensitive industries including construction, real estate and finance dropped 3,700 positions last month across the region.
Southern California joblessness did tick up to 4.1% in November compared with 4% in October. But it’s down from 5.6% a year earlier. November’s 360,500 cohort counted as “out of work” was up 7% in three years — still short of full recovery.Los Angeles County:
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