”Survey says” seems to be at numerous rankings and scorecards judging geographic areas whereas noting these grades are finest seen as a mixture of clever interpretation and information.
Buzz: California’s largest pay raises, geographically talking, had been concentrated away from main coastal employment hubs as 2023 began.
Supply: My trusty spreadsheet reviewed the “Quarterly Census of Employment and Wages” report from the Bureau of Labor Statistics. The examine for the 12 months resulted in March included 29 California counties. It’s based mostly on unemployment insurance coverage information filed by bosses vs. the extra carefully adopted month-to-month job reviews derived from employer surveys. These quarterly numbers give a special – some say higher – snapshot of job market circumstances.
Topline
Let’s take a look at the state’s largest job markets and the inland areas with the most important pay beneficial properties …
San Bernardino: 8.2% wage improve to $1,135 per week for 831,500 staff, down 0.3% over 12 months.
Riverside: 7.7% improve to $1,113 for 813,700 staff, down 0.6%.
Sacramento: 6.3% improve to $1,495 for 702,500 staff, up 2%.
Particulars
Now examine the main big-county pay hikes to employment hubs nearer to the Pacific Ocean …
San Diego: 6.2% improve to $1,575 for 1.5 million staff, up 1.7%.
San Francisco: 5.9% improve to $3,613 for 729,900 staff, up 0.3%.
Los Angeles: 5.4% improve to $1,564 for 4.5 million staff, up 0.7%.
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Alameda: 4.6% improve to $1,917 for 789,600 staff, up 0.3%.
Orange: 4.3% improve to $1,562 for 1.6 million staff, up 1.1%.
Santa Clara: 0.7% lower to $3,306 weekly for 1.1 million staff, up 1.8% over 12 months.
Caveat
The largest raises amongst all 29 counties tracked had been present in among the state’s smallest employment markets. Their shrinking job counts, at a time when payrolls general are nonetheless rising, suggests bosses in these counties battle to search out staff and pay as much as stay staffed.
Yolo: 12.6% wage improve to $1,461 per week for 106,100 staff, a lack of 1% of the county’s workforce.
Monterey: 10.4% improve to $1,164 for 173,600 staff, off 3.1%.
Merced: 9.7% improve to $1,009 for 80,700 staff, off 0.5%.
Backside line
It’s no shock that California enterprise has fared much better away from the coast for a lot of the pandemic period. That’s the place financial progress has been hottest.
General, wages statewide rose 5.5% to $1,735 in a 12 months as bosses scrambled to fill their staffs amid a employee scarcity. Jobs elevated by 0.9% in a 12 months to 17.8 million – a hiring tempo on par with the previous quarter century.
What could be stunning to some of us is that California’s job market is trying sluggish in comparison with the nation. Pay raises ranked fifth-lowest among the many states and job progress was final.
Observe that U.S. weekly wages had been up 6.6% on this timeframe to $1,465. Jobs grew by 2.5% to 151 million staff.
Jonathan Lansner is the enterprise columnist for the Southern California Information Group. He will be reached at jlansner@scng.com
