According to the most recent monthly jobs report, the Los Angeles unemployment rate has continued its downward momentum, coming in at a seasonally adjusted 5.8 percent in January 2016. This is well below the 7.6 percent rate reported this time one year ago. In spite of this decrease, however, 87,900 Los Angeles jobs were lost in January, on a non-seasonally adjusted basis.
Across the state of California, unemployment declined slightly to a seasonally adjusted 5.7 percent in January 2016. Statewide, seasonally adjusted data shows California lost 1,500 jobs from the month prior.
What do these numbers mean to employers looking to staff Los Angeles jobs?
Brett Good, senior district president at Robert Half, says, “Naturally, we’re pleased to see the Los Angeles unemployment rate dropping. But it’s important to remember the national unemployment rate is also declining.” The end result is high demand for skilled professionals in sectors such as finance and IT, he notes. “With many of today’s job seekers searching to relocate to the top-ranking U.S. cities for career-oriented professionals, it’s important for employers to extend their employee search beyond local talent.”
Good added that a company’s work environment has become an ever-increasing criteria for today’s job seekers and, from an organizational perspective, making sure a candidate is a good fit can have a positive impact on workplace productivity and retention.
When you do bring candidates in for interviews, Good underscores the importance of making sure they’ll be a good fit with your organization’s work environment. Doing so significantly decreases the chances that you’ll make a bad hire, which can affect everything from productivity to retention.
Looking for top talent? Local Robert Half professionals know the Los Angeles jobs market and can assist. Call us today at (855) 972-5562.