The cooling job market reflects seasonal lethargy and the Hollywood writers and actors strikes.
that generated record-high inflation.
Southern California’s workforce, a tally of jobless plus employed, was 8.74 million for July — up 49,900 in a year but down 70,700 vs. the 2018-19 average. This is one yardstick of the local supply of labor. Sluggish workforce growth is a reason some bosses still struggle to fill open positions. Conversely, we see all-time high employment for construction and “fun” industries – businesses that usually do well in the summer.Private education/health:Record 422,600 workers – up 5,500 in a month and up 6,600 in a year.Manufacturing:642,300 workers – up 1,900 in a month and up 14,500 in a year.Financial:1.01 million workers – down 3,700 in a month but up 15,700 in a year.945,300 workers – down 62,400 in a month but up 14,200 in a year.
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