Why OC? It boasts the highest median income and lowest unemployment rate in the SoCal region
Orange County is SoCal’s hot spot for workers as it holds the region’s lowest unemployment rate as well as its highest median income.
December 11, 2019
- Orange County is SoCal’s hot spot for workers as it holds the region’s lowest unemployment rate as well as its highest median income.
- Not only does the county do alright for itself in employing its own residences but it also eases employment pressures in surrounding counties. It is a net importer of workers, with more than 190,000 more workers commuting into the county than out of it daily.
- This is especially impressive when considering the fact that the county has 8 percent of California’s population but only 0.5 percent if its land area. In fact, on a per square mile basis, it actually has 1,500 more people than the nation’s most populous county, Los Angeles. Thus, it is a very efficient area, employment and productivity wise, given its small size.
- The top three industries that have had the greatest positive impact on OC’s job growth since the turn of the decade are Health Care and Social Assistance (39 percent growth), Accommodation and Food Services (27 percent growth), and Administrative and Management (25 percent growth). In total, these three industries alone have added over 120,000 workers to the county’s employment base since 2010.
Source: JLL Research, U.S. Census Bureau, ESRI, EDD