Despite fewer job openings these past couple of months in the country, the job market may be improving.
The Labor Department announced today that hiring has picked up to 5.1 million, the most since June. Also more people are quitting jobs, which is a sign of confidence in the job market. This past year, available jobs increased by 11 percent.
Other surveys show that in 2016, businesses are looking to increase their staffing. ManpowerGroup reports that 20 percent of the 11,000 employers it surveyed expect to add workers in the first quarter of 2016.
Declining unemployment, increasing wages and strong job growth are signs of optimism for the future.
In 2015, Torrance’s leading jobs are in the manufacturing, retail, professional, scientific, food service and health care fields. Torrance has a labor force of nearly 79,000, with a job growth rate of 2.4 percent. The unemployment rate is 5.3 percent.
For more information, you can go to SouthBayBusiness.Org.