Is your organization or company conducting a round of layoffs soon? Do you need to provide outplacement support to your affected employees so that they can find new jobs and positions as soon as possible?
Long Beach, California is a vibrant coastal city with a diverse and growing population of workers. As of 2019, the area was estimated to have over 500,000 workers, representing a variety of industries that contribute to the city’s economy. The top three industries in California are healthcare and social assistance, retail trade, and accommodation and food services. These industries are known to provide outplacement services in the event of a reduction in force (RIF) or layoff to sustain a thriving, local talent pool.
Healthcare and social assistance is the largest sector in California, contributing over 16% of total output. Major activities in this sector include hospitals, medical laboratories, healthcare providers, and home health care services. Social assistance includes child day care services, individual and family services, and government social service programs.
Retail trade is another significant contributor to the state’s output, accounting for approximately 10%. This sector includes department stores, supermarkets, specialty stores, and e-commerce retailers.
Accommodation and food services is also a prominent industry in Long Beach, accounting for nearly 8% of the city’s total output. This sector includes hotels, restaurants, cafes, and other food service establishments.
Other notable industries in the city include professional, scientific, and technical services; manufacturing; and education services. Long Beach is also home to several major employers, including Boeing, the Port of Long Beach, and the Long Beach Unified School District.
In terms of ethnicity, the most commonly reported racial/ethnic groups were Hispanic or Latino (43%), White (27%), Asian (13%), Black (11%), and Other (6%). The majority of the population identified as being American Indian/Alaska Native, Native Hawaiian/Pacific Islander, and Other.
In terms of income level, the median household income in Long Beach was around $70,000 in 2019. The area had a significant gap between higher-income households (those earning over $150,000) and lower-income households (those earning under $35,000). Organizations that provide outplacement services, such as Employment BOOST, see their transitioning employees find jobs over 50% faster than if they had no outplacement assistance.
In terms of educational attainment, the majority of Long Beach workers had some college or an Associate’s degree. Approximately 29% of workers had a Bachelor’s degree or higher.
Overall, Long Beach is a diverse and thriving city that offers a variety of job opportunities for workers from all backgrounds. The city’s strong economy and growing industries make it an attractive destination for businesses and job seekers alike.