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June 17, 2022

Beacon Employment Report | California

Presented by Beacon Economics

Copyright © Beacon Economics LLC

  • While a handful of sectors in California are now exceeding their pre-pandemic peaks, employment levels in the hardest hit sectors remain below their pre-pandemic levels and should continue to steadily gain back jobs over the coming months.
  • Leisure and Hospitality led payrolls gains in May, with payrolls expanding by 8,800. However, this industry still has a long way to go to recover all of the jobs lost due to the pandemic, with payrolls still down 8.4% since February 2020.
  • Other sectors posting strong gains during the month were Information (8,800), Construction (7,100), Health Care (6,600), Government (4,600), Manufacturing (3,700), Other Services (3,600), and Transportation, Warehousing, and Utilities (3,600).
  • Job gains were broad based in May with Retail Trade (-9,900) being the only sector to post significant losses during the month. Finance and Insurance (-500) and Mining and Logging (-300) also shed positions during the month, but the losses were minor.

Highest Growth Percent – Past Month

CONSTRUCTION

3.67%

PROFESSIONAL & BUSINESS SERVICES

25.9%

INFORMATION

0.99%

Largest Percent Decline – Past Year

LEISURE & HOSPITALITY

-29.84%

OTHER SERVICES

-20.31%

INFORMATION

-7.75%

Smallest Percent Change – Past Year

CONSTRUCTION

0.33%

FINANCIAL ACTIVITIES

0.52%

PROFESSIONAL & BUSINESS SERVICES

-2.51%

Highest Percent Change – Past Year

LEISURE AND HOSPITALITY

-29.84%

OTHER SERVICES

-20.31%

INFORMATION

-7.75%

More Information

For information about the Center’s practice areas and publications, please contact:

Deputy Director Sherif Hanna at 424.646.4656 or sherif.hanna@ucr.edu