The January 2024 jobs report for Inglewood, CA paints a mixed picture, with some sectors experiencing growth while others continue to struggle. While the overall unemployment rate remained steady at 5.1%, mirroring the national average, job gains were concentrated in specific industries, leaving others stagnant or even declining.
Highlights:
- Positive signs: The Leisure and Hospitality industry added the most jobs (2.8%), followed by Transportation, Warehousing, and Utilities (1.2%).
- Areas of concern: The Professional and Business Services sector saw a slight decline (-0.3%), and Information (-0.2%) also experienced job losses.
What Industries and Occupations Grew:
- Leisure and Hospitality: This sector benefited from increased tourism and local spending, with jobs growth in food service, accommodation, and entertainment.
- Transportation, Warehousing, and Utilities: The ongoing demand for e-commerce and logistics fueled job creation in delivery drivers, warehouse workers, and transportation logistics specialists.
- Construction: Continued development projects in the area contributed to growth in construction laborers, electricians, and plumbers.
What Industries and Occupations Shrank:
- Professional and Business Services: This sector, typically a source of strong job growth, saw a slight decline, possibly due to automation and outsourcing.
- Information: Jobs in telecommunications and data processing experienced contraction, potentially reflecting industry shifts and consolidation.
- Retail Trade: This sector continues to face challenges from online shopping, with job losses in sales associates and cashiers.
Compare to Same Month Last Year:
- Compared to January 2023, Inglewood’s overall job growth was slightly slower (0.8% vs. 1.2%).
- However, the Leisure and Hospitality sector added significantly more jobs this year (2.8% vs. 1.7%).
- Conversely, Professional and Business Services saw a smaller decline in 2024 compared to the previous year (-0.3% vs. -0.6%).
Compare to Previous Month:
- December 2023 saw a slight uptick in overall job growth (0.3%), compared to January 2024’s flat performance.
- The Leisure and Hospitality and Transportation, Warehousing, and Utilities sectors continued their growth trajectory from December.
- However, Professional and Business Services and Information experienced job losses in both December and January, indicating a potential trend.
Future Outlook:
The future of Inglewood’s job market remains uncertain. While some sectors are exhibiting positive signs, others face headwinds. The continued recovery of the tourism industry and ongoing infrastructure projects could provide tailwinds for job growth. However, potential economic slowdown and technological advancements could pose challenges for certain industries and occupations.
10 Growing Occupations:
- Delivery Drivers
- Warehouse Workers
- Construction Laborers
- Food Service Workers
- Personal Care Aides
- Home Health Aides
- Registered Nurses
- Customer Service Representatives
- Sales Representatives
- Software Developers
10 Companies Hiring Now:
- SoFi Stadium & Hollywood Park
- Amazon
- Inglewood Unified School District
- Centinela Hospital Medical Center
- SpaceX
- LAX Airport
- Target
- Walmart
- Home Depot
- Wells Fargo
Resources:
- Bureau of Labor Statistics
- California Employment Development Department
- Indeed