Los Angeles Job Market: Growth, Adaptation, and the Evolving Landscape

The job market in Los Angeles is experiencing a mix of growth and stabilization as of 2025. The unemployment rate is projected to rise to 6.1% in 2025 from 5.7% in 2024, indicating a slight increase in joblessness. Despite this, nonfarm payroll jobs are expected to grow by 0.7% in 2025, although this represents a slowing trend compared to previous years.

As of May 2025, total nonfarm employment in Los Angeles County has increased by 13,800 to 4,611,000, with the leisure and hospitality sector leading the growth. Other sectors that have seen significant employment expansions include trade, transportation, and utilities, which added 6,700 jobs, and private education and health services, which added 2,600 jobs. However, sectors like construction, manufacturing, and government have experienced job declines.

Key sectors on the rise in Los Angeles include technology, healthcare, entertainment, and green energy, creating opportunities for entrepreneurs and influencing business strategies. Remote work and the gig economy continue to evolve, impacting the employment landscape.

The unemployment rate in Los Angeles County was 5.0% in December 2023, slightly higher than the national rate of 3.7% during the same period. Recent developments show that while some industries like motion picture and sound recording have seen job declines, others such as retail trade and financial activities have posted gains.

Seasonal patterns indicate that employment in sectors like leisure and hospitality can fluctuate, with declines noted in certain months. Commuting trends are not significantly detailed in recent data, but the evolving nature of remote work suggests changes in traditional commuting patterns.

Government initiatives focus on supporting strategic wage growth and attracting talent, which are crucial for the local economy. The market evolution is characterized by adaptability, a focus on local talent, and an emphasis on sustainability.

Key findings include the importance of key sectors like technology and healthcare, the impact of remote work, and the need for businesses to be adaptable and sustainable. Current job openings include positions in healthcare, technology, and green energy, reflecting the growing demand in these sectors.

For example, current job openings might include a Software Engineer position in a tech firm, a Registered Nurse role in a healthcare facility, or a Sustainability Consultant in a green energy company. These openings highlight the diverse and dynamic nature of the Los Angeles job market.

This content was created in partnership and with the help of Artificial Intelligence AI

Episode Transcript

Speaker 1 (00:00):
This is your Los Angeles Job Market Report Daily podcast,
and here's what we know for today. The job market
in Los Angeles is experiencing a mix of growth and stabilization.
As of twenty twenty five, the unemployment rate is projected
to rise to six point one per cent in twenty
twenty five from five point seven per cent in twenty four,
indicating a slight increase in joblessness. Despite this, non farm

(00:23):
payroll jobs are expected to grow by zero point seven
per cent in twenty twenty five, although this represents a
slowing trend compared to previous years. As of May twenty
twenty five, total non farm employment in Los Angeles County
has increased by thirteen thousand, eight hundred to four thousand,
six hundred eleven thousand, with the leisure and hospitality sector

(00:43):
leading the growth. Other sectors that have seen significant employment
expansions include trade, transportation and utilities, which added six thousand,
seven hundred jobs, and private education and health services, which
added twenty six hundred jobs. However, sectors like construction, manufacturing,
and government have experienced job declines. Key sectors on the

(01:06):
rise in Los Angeles include technology, healthcare, entertainment, and green energy.
Creating opportunities for entrepreneurs and influencing business strategies. Remote work
and the gig economy continue to evolve, impacting the employment landscape.
The unemployment rate in Los Angeles County was five point
zero percent in December twenty twenty three, slightly higher than

(01:28):
the national rate of three point seven percent during the
same period. Recent developments show that while some industries like
motion picture and sound recording have seen job declines, others
such as retail, trade and financial activities have posted gains.
Seasonal patterns indicate that employment in sectors like leisure and
hospitality can fluctuate, with declines noted in certain months. Commuting

(01:53):
trends are not significantly detailed in recent data, but the
evolving nature of remote work suggests changes and traditional commuting patterns.
Government initiatives focus on supporting strategic wage growth and attracting talent,
which are crucial for the local economy. The market evolution
is characterized by adaptability, a focus on local talent, and

(02:15):
an emphasis on sustainability. Key findings include the importance of
key sectors like technology and healthcare, the impact of remote work,
and the need for businesses to be adaptable and sustainable.
Current job openings include positions in healthcare, technology, and green energy,
reflecting the growing demand in these sectors. For example, current

(02:37):
job openings might include a software engineer position in a
tech firm, a registered nurse role in a health care facility,
or a sustainability consultant in a green energy company. These
openings highlight the diverse and dynamic nature of the Los
Angeles job market. And that is it for today. Hit
the subscribe button. This has been a quiet, please production

(02:59):
with the help of AI. Thanks for listening.