8 · S A N TA C L A R I TA VA L L E Y B U S I N E S S J O U R N A L
J U N E 2022
Los Angeles Economic Survey Los Angeles Economic Summary as compiled by The Employment Development Department. For more information, visit edd.ca.gov.
Los Angeles County
Economic Summary 2022 – 1st Edition
March Industry Sectors Ranked by Employment Size1
Unemployment Rate (%)2 Feb
5.4% Educational & Health Services
875,600
Trade, Transportation & Utilities
3.7%
4.0% 3.5%
3.4%
3.1%
482,300
Manufacturing
4.3%
4.1%
3.8%
569,300
Leisure & Hospitality
4.2%
4.1%
652,300
Government
318,300
Information
226,700
Financial Activities
210,800
Construction
Los Angeles County
155,300
Other Services
146,200
Economic Summary 2022 – 1st Edition
4,400
4 United States Healthcare and Social Assistance – Growth 2012-2022
Mining & Logging
4.9%
841,400
Professional & Business Services
Total Farm
4.9%
Mar
5.0%
1,600
750,000
California
Orange Ventura Riverside San Diego Employment in Healthcare and County County County County Social Assistance Sub-sectors1
Los Angeles
Mar-22 734,400
Online Job Advertisements – March 2022 Help Wanted OnLine3
700,000
Top 10 Employers
Apr-20 660,500
Top 10 Occupations
650,000
Nursing & Res. Care Fac. Top 12%
10 Cities
The Boeing Company – 5,112 Registered Nurses- 7,776 Los Angeles– 91,117 Hospitals Anthem Blue Cross – 4,678 Managers, All Other – 6,480 Long Beach – 9,878 Social Assistance 16% America is aging: Retirements of Baby Boomers add 39% Disney – 1,811 Retail Salespersons – 6,162 Santa Monica – 7,046 600,000 toComputer tight laborOccupations, market - 76 million Boomers were University of California, Los Angeles – 1,750 All Other – 6,057 Pasadena– 6,939 born between 1946-1964 Allied Universal – 1,690 Sales Rep, Wholesale and Mfg, Except Tech and Sci Products – 5,946 Torrance – 6,210 16% of LA County nonfarm employment Amazon – 1,671 Software Developers, Applications – 4,950 Burbank– 6,192 550,000 Ambulatory Health Care Cedars Sinai – 1,233 Customer Service Representatives – 4,939 Employment is projected to increase 170,600 jobs Services Glendale – 6,151 Northrup Grumman – 1,207 First-Line Supervisors Retail Sales Workers – 4,307 33% El Segundo – 5,633 (24.7%) between 2018 toof2028 500,000 PIH Health – 1,154 Heavy and Tractor-Trailer Truck Drivers – 4,090 Santa Clarita – 4,454 Jan-12 Mar-13Company May-14 Sep-16 Nov-17 Jan-19 Managers Mar-20 – 3,142 May-21 Starbucks Coffee – 1,136Jul-15 General and Operations Culver City – 3,882 Economic Summary 2022 – 1st Edition
Los Angeles County
4 and Social Assistance 2022and Most In-Demand Occupations – Healthcare Healthcare Social Assistance – Growth 2012-2022 Employment in Healthcare and Page 1 CONTACT: ROBERT.LEE@EDD.CA.GOV or (916) 796-7758 1 SocialPROJECTED Assistance Sub-sectors Mar-22 MEDIAN PROJECTED %
EDD|LMID|LOS ANGELES COASTAL AREA 750,000
OCCUPATION
700,000
TOTAL ADS MARCH 2022 3
REGISTERED NURSES MEDICAL AND HEALTH SERVICES MANAGERS LICENSED PRACTICAL AND LICENSED VOCATIONAL NURSES 650,000
5,646 1,554 1,464
734,400
HOURLY WAGE 20215 $55.52 Apr-20 $63.00 660,500 $30.05
PERSONAL CARE AIDES 1,271 America is aging: Retirements of add NURSING ASSISTANTS 976Baby Boomers $18.40 600,000 to tight labor market - 76 million MEDICAL ASSISTANTS 797Boomers were$18.20 DENTAL ASSISTANTS 793 $20.04 born between 1946-1964 MEDICAL SECRETARIES 752 $22.03 16% of LA County nonfarm employment 550,000 HEALTH TECHNOLOGISTS AND TECHNICIANS, ALL OTHER 747 170,600 jobs Employment is projected to increase MENTAL HEALTH COUNSELORS $23.70 (24.7%) between 2018 to 2028614
NUMERIC CHANGE 6 2018-2028 Nursing & 12,390 Res. Care 2,240 Fac. 2,640 12% Hospitals 94,090 16%
CHANGE 2018-20286 15.2% 21.9% 13.9% 46.3%
Social Assistance 13.8% 39%
4,800 5,780 1,770 3,650 Ambulatory Health Care 1,220 Services 2,64033%
23.9% 14.0% 18.2% 19.6% 27.1%
500,000 Unemployment Statistics (March 2022), 3The Conference Board®-Burning Glass® Help Wanted OnLine® (HWOL) Data Series (March 2022), 1 2 Sources: Current Employment (March 2022), Local AreaSep-16 Jan-12 Mar-13 Statistics May-14 Jul-15 Nov-17 Jan-19 Mar-20 May-21 4
Current Employment Statistics (January 2012- March 2022), 5Occupational Employment and Wage Statistics (2021, 1st Quarter), 6Employment Projections (2018-2028)
EDD|LMID|LOS ANGELES COASTAL AREA
Page 2
CONTACT: ROBERT.LEE@EDD.CA.GOV or (916) 796-7758
2022 Most In-Demand Occupations – Healthcare and Social Assistance MEDIAN
PROJECTED
PROJECTED %
