7 industries not hiring like they used to – Orange County Register

Orange County bosses have clearly put the brakes on hiring in the first half of 2017.

Job growth has slowed to a pace not seen since the Great Recession ended. But we are still talking growth, just less of it.

In June, local employers had 1.59 million workers, and while that is up 19,000 in a year, it’s well below the 36,150 yearly hiring pace of the previous four years.

But I dug deeper into what I’ll call “hiring momentum” — this gap between the hiring pace of the past year compared to faster job growth in the June 2012 to June 2016 period. Countywide, we’ve witnessed a momentum loss of 17,510 hires this year, the 13th consecutive month of negative momentum after six years of gains.

The job market has been relatively quiet this year statewide and nationally, too. One key to Orange County’s moderate hiring is several industries that recently were powering fast job growth have significantly cooled, if not turned to trimming jobs.

Why? Part of the slowdown may be that staffing ramp-up has outpaced business realities. And some of it may be due to a brewing shortage of Orange County workers to hire.

Full article from the Source…

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