California Adds Over 60,000 Jobs

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More than half of the states in the nation have been doing extremely well in the area of job creation and growth. The state of Texas has added more than 25,000 positions, and Florida added almost 22,000 to their state payroll. California has been one of the best states to notice job growth and a drop in their unemployment rate. Recent data shows that the employers throughout California were able to add 60,400 jobs, in the month of December alone. This is one of the largest single month job growth numbers seen for the state over the past three years.

 

A look at California’s job growth stats

Governor Jerry Brown has been boasting about his state over the past several months, even referring to the job growth as a California comeback. Based on numbers, California added jobs at a faster rate than the rest of the nation. They had a 2.9 percent faster rate than the 1.9 percent nationwide rate. In addition to job growth, unemployment rate remained about the same from November to December with 5.8 percent. The construction industry in California  noticed one of the fastest growth rates, with expanded payrolls at 8.6 percent. Professional and business sectors were also up 5 percent, while manufacturing was down slightly. According to a California Solar Jobs Census report, one in three employees works in the solar industry in California. 2015 was a record breaking year for this sector as they added at least 20,000 jobs throughout the state.

 

Will California continue this trend?

Officials are questioning if the state can keep these numbers up, especially with the economic slowdown currently going on in China. This might have an effect on the American market, but as of right now, the state remains in a “yellow zone”. Experts believe that California is more susceptible to the China slowdown, simply because of their location. Agriculture in the area has noticed a change due to the slowdown, as export of dairy and nut products have slightly declined. Fortunately, California agriculture export only represents just above 1 percent of the state’s overall trillion dollar economy. Sung Won Sohn who is an economics professor at Cal State Channel Islands, believes that California might have hit their peak when looking at job growth. This is especially true with China’s slowdown because if China stops buying product from one country, then that country might stop buying product from locations in the United States, specifically California.

 

Future job growth projections

Although Sohn believes California has hit their peak, that doesn’t mean that they should expect to see any setbacks. Economist at UCLA Anderson Forecast, Jerry Nickelsburg, predicted that California’s job market would grow at a rate of 2.1 percent. His estimates have not changed, even with information about China’s slowdown. Chief Economist of the Los Angeles County Economic Development Corporation, Robert Kleinhenz, agreed with Nickelsburg stating that the U.S. economy is doing well enough that we should see continued growth for the 2016 year.

 

Do you think California will remain one of the top states for job growth in 2016 or do you think another state has a chance to do better? Let us know in the comments!

 

Wal-Mart Closing Stores in California

SACRAMENTO, USA - SEPTEMBER 13: Walmart shopping cart on September 13, 2013 in Sacramento, California. Walmart is an American multinational retail corporation that runs chains of large discount department stores

Wal-Mart is one of the largest retailers in the United States and for good reason. The store offers great low pricing and a wide variety of items, including groceries. It was recently announced by Wal-Mart Stores Inc. that there are plans to close 269 stores, including 154 in the U.S. Nine of those stores are going to be closing throughout the state of California. This news has left many residents worried about how the closings will affect their communities.

 

Stores to close in California

Two stores have already closed, and five are set to close this week. The Los Angeles Wal-Mart store on Crenshaw Boulevard, the Wal-Mart Neighborhood Market located in Chinatown on West Cesar E. Chavez Avenue, and store in Oakland were all closed on Sunday January 17th. Five locations set to close on January 28th include stores in Long Beach, Altadena, Bell Gardens, Hawaiian Gardens, and San Bernardino. Many of the locations that are closing are not full service Wal-Mart locations, but rather Wal-Mart Market stores which specifically sell groceries.

 

How store closing change the community

Residents in the area where these stores closed are really worried about their communities since both areas are not in an economically good place. George Yu is the executive director of the Chinatown business improvement district and is upset to see the Wal-Mart location shut down. The specific Wal-Mart marketplace that closed in Chinatown was opened back in 2013 and was the first full-service grocery store for residents who do not have access to a vehicle. Shoppers were really upset that there is no longer a grocer within walking distance, but Yu has been working to sway another grocery business to move into the old Wal-Mart location.

 

Discounts and deals at other locations.

The five locations in California closing on the 28th of this month, along with the hundreds of other Wal-Mart locations in the United States, will be providing huge discounts before finally closing up. Company spokesman, Randy Hargrove, stated that there was a strong interest from the public to offer a discount in the stores set to close. Of course everything will not receive the special 50% off deal. Items such as firearms, ammunition, fuel, prescriptions, jewelry, lottery tickets, alcohol, wireless plans, smartphones, and tablet devices will all remain at their normal prices.

 

Wal-Mart Corporation speaks out

The company has said that 95% of the stores which closed down in the United States have another location within 10 miles. Shutting down these locations has not only affected the community, but it also makes it difficult for workers of the organization. Associates who are unable to be transferred to another store will receive severance if eligible, or 60 days of pay. The reason for the closing of stores nationwide is to make room for a bigger focus on e-commerce and pick-up services for customers. By 2017, the company hopes to open at least 50 Supercenters, 85 Neighborhood Markets, and 7 Sam’s Clubs. Seven of these new stores will open in different parts of the state including Burbank, Compton, Downey, Lodi, Red Bluff, Rialto, and Ridgecrest. Both Glendora and Riverside locations will be expanded.

 

Wal-Mart is looking at the bigger picture in closing down several of their stores. This definitely does not mean bad news for the business, as Wal-Mart expects to be around for a long time.

 

Bright Outlook For California Jobs

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The state of California has seen a decrease in unemployment numbers over the course of the 2015 year. Being such a highly populated state, lowered unemployment numbers mean job growth throughout the state. Labor analysts were able to determine that California’s Bay Area is looking especially bright for future jobs. Employment in the Bay Area alone is looking brighter, but the state of California as a whole created a great amount of jobs in 2015.

 

Job development in 2015

Labor lawyer and former director of the Employment Development, Michael Bernick, said that California’s labor market did extremely well in 2015. In fact, over 400,000 jobs were created throughout the year. This is a trend that has been continuing since the recession. Since 2010 through 2015, the total number of jobs created around the state totals about 2.1 million. Back in 2010, California had an unemployment rate of 12.5 percent, and in just five years, that number decreased to only 5.7 percent. This decrease over the past couple of years might be due to a change in the workplace since the recession. Bernick said there has been a breakdown of full-time work into part-time work, contingent work, and independent contracting.

 

Jobs look bright in 2016

It is no surprise that with the decrease in unemployment rates and steady job growth since 2010 that Bernick says California is only expected see continued job growth in 2016. Bernick believes that there will be an increased in independent contracting positions, which might decline full-time positions with benefits. This might strengthen entrepreneurs to create more new businesses in California, which will only add to growing number of jobs available in the state. This will only allow the economy to flourish as well.

 

Governor Jerry Brown budget plans added to the mix

Just recently, Governor Jerry Brown came up with a plan to help reduce the state’s debt. To do this, they would add two billion dollars to a rainy day fund, to be used in the case of any unforeseen emergencies. Assemblyman, Jim Cooper, gave his thoughts about the new budget ¬†and believes the Governor has made some great plans that will continue to help with the economy and the creation of new jobs. He believes there needs to be a focus on fixing California roads and transportation needs. Investing in education will help create more of those jobs needed to continue on a bright job future for 2016.

Fastest growing occupations in California

Since job growth is looking bright in 2016, what types of jobs are expected to grow? The state of California’s Employment Development Department has a list of the 100 Fastest Growing Occupations in California, based on numbers in 2012 to the year 2022. Economists are the number one growing occupation, with a growth of 64.5 percent throughout the ten year span. The number of personal care aids is already in the hundred thousands, and is expected to grow an additional 51.8 percent by 2022. You can check out the full list of occupations by clicking here.

5 Best Cities to Find A Job in California

5 Best Cities to Find A Job in California

As the state of California has noticed a decrease in the number of individuals unemployed, it is important to take a look at the cities, throughout the state, that are best when looking for a job. In order to determine the best cities to find a job, experts have to look at positions that are available in each area, as well as jobs that are on the rise, and those which are declining.

WalletHub Findings

WalletHub analysts completed a comparison of the top 150 most populated cities in the United States against a range of about 17 key metrics. These metrics spanned from job opportunities available in each city to the rate of employment growth. The National Association for Business Economics expects that non-farming positions will grow to over 200,000 jobs per month because the national unemployment rate has fallen to 4.7 percent. Recent college graduates are expected to see the biggest boost in both job prospects and their earning potential. The National Association of Colleges and Employers has stated that in 2015, more than 60 percent of employers wanted to start raising starting salaries for those with a Bachelor’s degree. These statistics helped WalletHub with their findings, including the best cities to find a job in California.

How WalletHub Ranks

To begin, WalletHub analysts looked at the main dimensions, which include Job Market and Socioeconomic Environment. They believe that these two categories will have the most heavy influence. Each of these two categories looked at subcategories, which had their own total number of weighted points, totaling 100. Values ranged between 0-100, with 100 being the best value. In the category of Job Market, subcategories include Job Opportunities, Employment Growth, Monthly Median Starting Salary, Unemployment Rate, Industrial Variety, Full-time Employment, Percentage of Employed Residents Living Under the Poverty Line, and Disability Friendliness. The Socioeconomic Environment category included subcategories of Median Annual Income, Time Spent Working and Commuting, Benefits, Housing Affordability, Annual Transportation Costs, Safety, Families ranking, Singles ranking, and Recreation ranking.

Each of the 150 cities WalletHub looked at was given an overall, calculated score, which allowed them to develop a ranking. To learn more about the specific calculations, click here.

Top cities in California to find employment

Making the top 10 best cities to find employment was Irvine, California which was ranked 7. San Francisco was ranked 15, Fremont was ranked 17, San Jose was ranked 46, and Oceanside was ranked 76. Irvine actually ranked 4th overall in the highest number of job opportunities. Unfortunately, cities in California such as Fresno and Stockton ranked as some of the most difficult cities to find a job and slowest growing.

WalletHub’s findings compare cities throughout the entire nation. Even though cities in California didn’t dominate the list, doesn’t mean that people in the state are going to have a hard time finding a position. In fact, WalletHub developed similar analytics in 2015 to determine California had the largest increase among 32 states, which saw their employment numbers go up. More information can be found here. Hopefully job growth will continue in one of the most populous states in the nation!