Los Angeles' Evolving Job Market: Opportunities, Challenges, and Future Outlook

Los Angeles, home to nearly four million people, is experiencing modest job growth. According to the Los Angeles Business Journal, Los Angeles County employers added about 42,000 jobs over the past 12 months, a 0.9 percent growth rate, which is slower than last year’s figures. State data shows the workforce is shrinking, down by a little more than one percent — a trend largely attributed to rising housing costs prompting some residents to move out of the area or even out of the state. High labor costs are also impacting payrolls. The total payroll count stood at roughly 4.6 million jobs in June 2025.

The health care and social assistance sector led recent gains, adding almost 48,000 jobs, influenced by an aging population and increased Medicaid spending. Film and television payrolls rose as well, up 6.9 percent, despite frequent claims that production is leaving Los Angeles. This creative sector remains a linchpin for the local economy, supporting broader industries from hospitality to retail. State and city leaders, with support from groups like #StayinLA, are pushing for expanded film tax incentives and disaster relief to keep production in the county, which according to the California Production Coalition, results in significant economic activity and job creation across all sectors.

On the downside, the manufacturing industry lost 15,500 jobs, especially in durable goods like aerospace and machinery. Other sectors facing declines include financial activities, construction, and some business services. Month-over-month figures show a typical seasonal drop in educational positions with the end of the academic year. Unemployment in Los Angeles hovers near 4.2 percent as of March 2025, but forecasts by Apollo Global Management see nationwide rates rising toward 4.4 percent or higher through 2026, raising caution about job security moving forward.

Tourism and hospitality remain major employers; the sector is preparing for a surge as Los Angeles hosts next year’s World Cup and the 2028 Olympics, events projected to generate billions and produce tens of thousands of jobs. However, high labor and insurance costs—compounded by a recently passed $30 minimum wage for hospitality workers—challenge business margins.

Commuting remains difficult in Los Angeles, with heavily congested freeways and public transportation still struggling to meet sprawling demand. The city continues to face affordability challenges, with childcare and general cost-of-living often outpacing wage growth. In response, the city and state are emphasizing workforce development and targeted incentives for key industries.

Recently listed job openings in the city include an Insurance Coverage Attorney with Beacon Hill Staffing at $70 to $85 per hour, a Software Engineer at Hulu, and a Hotel Operations Manager for a major chain in downtown LA.

In summary, Los Angeles’ job market is growing but faces headwinds from housing costs, a declining labor force, and industry shifts. Healthcare and entertainment are driving growth, while manufacturing and some services are contracting. Government action is focused on retaining jobs and attracting investment, especially in creative and tourism-related fields. Major events on the horizon offer opportunities for job seekers, but economic volatility and affordability remain key concerns. Listeners, thanks for tuning in and don’t forget to subscribe. This has been a Quiet Please production, for more check out quietplease dot ai.

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Episode Transcript

Speaker 1 (00:00):
Los Angeles, home to nearly four million people, is experiencing
modest job growth. According to the Los Angeles Business Journal,
Los Angeles County employers added about forty two thousand jobs
over the past twelve months, a zero point nine percent
growth rate, which is slower than last year's figures. State
data shows the workforce is shrinking down by a little

(00:22):
more than one percent, a trend largely attributed to rising
housing costs, prompting some residents to move out of the
area or even out of the state. High labor costs
are also impacting pay rolls. The total payroll count stood
at roughly four point six million jobs in June twenty
twenty five. The health care and social assistance sector led

(00:43):
recent gains, adding almost forty eight thousand jobs, influenced by
an aging population and increased Medicaid spending. Film and television
pay rolls rose as well, up six point nine percent.
Despite frequent claims that production is leaving Los Angeles, this
creative sector remains a lynchpin for the local economy, supporting

(01:04):
broader industries from hospitality to retail. State and city leaders,
with support from groups like Stay in LA, are pushing
for expanded film tax incentives and disaster relief to keep
production in the county, which, according to the California Production Coalition,
results in significant economic activity and job creation across all sectors.

(01:26):
On the downside, the manufacturing industry lost fifteen thousand, five
hundred jobs, especially in durable goods like aerospace and machinery.
Other sectors facing declines include financial activities, construction, and some
business services. Month over month figures show a typical seasonal
drop in educational positions with the end of the academic year.

(01:48):
Unemployment in Los Angeles hovers near four point two per
cent as of March twenty twenty five, but forecasts by
Apollo Global Management see nationwide rates rising toward four point
four percent or hire through twenty twenty six, raising caution
about job security moving forward. Tourism and hospitality remain major employers.

(02:10):
The sector is preparing for a surge as Los Angeles
hosts next year's World Cup and the twenty twenty eight Olympics,
events projected to generate billions and produce tens of thousands
of jobs. However, high labor and insurance costs, compounded by
a recently passed thirty dollars minimum wage for hospitality workers

(02:30):
challenge business margins. Commuting remains difficult in Los Angeles, with
heavily congested freeways and public transportation still struggling to meet
sprawling demand. The city continues to face affordability challenges, with
child care and general cost of living off and outpacing
wage growth. In response, the city and state are emphasizing

(02:50):
workforce development and targeted incentives for key industries. Recently listed
job openings in the city include an insurance coverage attorney
with Beacon Hill staffing at seventy dollars to eighty five
dollars per hour, a software engineer at Hulu, and a
hotel operations manager for a major chain in downtown LA.
In summary, Los Angeles job market is growing, but faces

(03:12):
headwinds from housing costs, a declining labor force, and industry shifts.
Health Care and entertainment are driving growth, while manufacturing and
some services are contracting. Government action is focused on retaining
jobs and attracting investment, especially in creative and tourism related fields.
Major events on the horizon offer opportunities for job seekers,

(03:34):
but economic volatility and affordability remain key concerns. Listeners thanks
for tuning in and don't forget to subscribe. This has
been a quiet please production. For more check out quiet
Pleas dot ai.