- Advertisement -spot_img
Friday, January 21, 2022

Holiday Gift: Southern California Retail Jobs Peak Before Pandemic

Judging by the holiday shopping season, wages for Southern California retailers have again surpassed pre-pandemic employment levels.

Traders in the four-parish region added 23,400 workers in November, up from 7,600 jobs a month during the recovery period. Holiday Shopping Month has traditionally been a long hiring period for retailers: an average of 28,000 workers have been added since 2000 to cope with the shopping rush.

Hiring 740,600 retailers in November, up 2,200 from February 2020, before the economy was shackled by the coronavirus. At worst, in April 2020, retail had 80% of employment before the pandemic.

My robust spreadsheet filled with state employment data released Friday, December 17, showed that executives from all industries in Los Angeles, Orange, Riverside, and San Bernardino counties added 68,000 jobs in November. SoCal’s 7.57 million employees in November grew 0.9% month-over-month and 5.7% year-over-year.

In November, traders in the region added 23,400 workers. Holiday Shopping Month has traditionally been a long hiring period for retailers, with an average of 28,000 added workers since 2000 (photo from file: Associated Press)

Recruitment rates across the region have declined from 97,900 jobs added in October but above the monthly average of 47,200 since the start of job recovery from shutdowns in spring 2020. Due to economic problems associated with the pandemic, the region lacks 318,400 workers to work before the coronavirus – or 96% against the level of February 2020.

The overall unemployment rate in Southern California stood at 6.16% in November – the low of a pandemic era – up from a revised 6.91% in the previous month, the table said. In February 2020, the rate was 4.17%, and in May 2020 – 17.14%.

However, this is a split recovery. Employment in catering, tourism and entertainment is 822,200 – 86% of the workforce before the pandemic, up from 97% in the rest of the economy.

And these “fun” businesses – where 11% of jobs – are sluggish again. They added just 200 workers last month as the anticipated season was boosted by new coronavirus fears and lingering business restrictions.

This is how employment is doing in Southern California niches for recreation and hospitality In November …

Restaurants: The employment rate was 86% before the virus last month, up from a pandemic low of 56%. 588,600 workers decreased by 92,100 compared to February 2020. This is after an increase of 1,100 last month, compared with a 10,300 monthly job growth during the recovery period.

Hotels: 77% of pre-virus jobs versus 41% of the pandemic low. 74,300 employees decreased by 22,600 compared to February 2020. That’s after cutting 200 people last month, compared with a 1,300 monthly job growth during the recovery period.

Arts, entertainment and recreation: 91% of pre-virus jobs versus 42% of the pandemic low. 159,300 workers decreased by 15,600 people compared to February 2020. That’s after a 700 job cut last month, compared with a 2,900 monthly job growth during the recovery period.

Read Also:  Pamela McCordack, artificial intelligence historian, dies at 80

And hiring trends in other key SoCal categories …

Transport / warehouses: 118% of pre-virus jobs versus 93% of the pandemic low. 449,500 workers is 68,900 more than in February 2020. This is after an increase of 16,700 people last month, compared with a 4,800 monthly increase in the number of jobs during the recovery period.

Health care, personal services: 100% of the pre-virus employment rate, up from a pandemic low of 91%. 1,168,700 workers increased by 1,300 compared to February 2020. That’s after an increase of 6,900 last month from 5,400 job growth per month on recovery.

Business services: 98% of pre-virus jobs versus 87% of the pandemic low. 1,118,000 workers are down 21,700 compared to February 2020. This is after an increase of 10,000 last month compared to a 6,400 job increase per month during the recovery period.

Construction, real estate, finance: 96% of pre-virus jobs versus 89% of the pandemic low. 647,400 employees decreased by 26,600 compared to February 2020. That’s after a 3,900 cut last month, compared with 2,500 monthly job growth during the recovery period.

Government: 95% of pre-virus jobs versus 86% of the pandemic low. 981,300 employees decreased by 50,500 compared to February 2020. This is after an increase of 10,800 last month, compared with a 1300 monthly job loss during the recovery period.

Production: 93% of pre-virus jobs versus 88% of the pandemic low. 555,100 workers decreased by 41,300 compared to February 2020. This is after an increase of 800 last month compared to a monthly increase of 1,500 jobs during the recovery period.

And employment patterns, geographically speaking …

Los Angeles County: 95% of pre-viral vacancies are down 251,500 after adding 42,800 last month. Recovery rate? Up to 26,000 per month. Unemployment? 7.1% this month versus 7.8% in the previous month versus 11.9% a year earlier.

Orange County: 97% of provisional vacancies – down 57,200 from 9,500 last month. Recovery rate? Up to 10,700 per month. Unemployment? 4.1% this month versus 4.7% in the previous month versus 6.6% a year earlier.

Riverside and San Bernardino Counties: 99% of pre-virus assignments – down 9,700 from 15,700 last month. Recovery rate? Up to 10,500 per month. Unemployment? 5.4% this month versus 6.3% in the previous month versus 7.8% a year earlier.

Jonathan Lansner is a business commentator for the Southern California News Group. You can reach him at [email protected]

World Nation News Deskhttps://www.worldnationnews.com
World Nation News is a digital news portal website. Which provides important and latest breaking news updates to our audience in an effective and efficient ways, like world’s top stories, entertainment, sports, technology and much more news.
Latest news
Related news
- Advertisement -

LEAVE A REPLY

Please enter your comment!
Please enter your name here