The most recent monthly jobs report shows the seasonally adjusted Los Angeles unemployment rate for March was 5.4 percent, down 0.2 percentage points from February. On a seasonally adjusted basis, 12,800 Los Angeles jobs were added during the same reporting period.
Across the state of California, the seasonally adjusted unemployment rate was also 5.4 percent in March, down slightly from the previous month. Month over month, the state added a total of 4,200 jobs on a seasonally adjusted basis.
What does this mean for managers trying to staff Los Angeles jobs?
According to Robert Half Senior District President Brett Good, the declining Los Angeles unemployment rate and the rising number of available jobs continue to create a highly competitive market for hiring managers. “In many cases, employers don’t realize their top candidates likely have more than one offer on the table,” he says. Good notes employers can improve their prospects for making a successful hire by starting with a competitive salary, building out an attractive benefits package, articulating the company’s culture and growth prospects. If available, he also urges employers to highlight perks like flexible work hours, employee wellness programs and volunteer time-off (VTO), which can tip the odds in a company’s favor.
In addition to offering attractive perks and incentives, Good says employers can shorten their search by taking the time to craft detailed job descriptions that provide insights on key responsibilities, qualifications and compensation. “A job description that highlights the skills and expertise required for a role will keep unqualified applicants from slowing down the process,” he says. A solid job description can also be used as a rubric for evaluating candidates, and can help determine how much training a potential hire may require
In search of talent for Los Angeles jobs? Your local Robert Half recruiter knows the market. Call (855) 972-5562 today.