With data compiled from reliable public sources and government organizations like the Bureau of Labor Statistics and the U.S. Census Bureau, Joblift provides you with essential insights to help you in your job search in Torrance, CA.
Torrace is a city with diverse industries, presenting ample opportunities for jobseekers. Manufacturing thrives in this area, along with health care and retail sectors, making it ideal for those seeking employment in these fields. Additionally, the technology and science industries offer exciting prospects for professionals looking to advance their careers. Education also plays a significant role in Torrance's economy, ensuring a strong foundation for future generations. Overall, this city offers a balance of opportunities across various industries, catering to a wide range of professional aspirations.
Employment opportunities in the city are characterized by a higher than average salary, with an average of $74,572 per year. This figure is 7.72% above the national average, making it an attractive destination for job seekers. The cost of living, however, is quite elevated, as it stands at 88.0% higher than the national median. One positive aspect is the fact that 59% of people receive insurance through their employers, providing a sense of financial stability for many workers. When considering the daily commute, individuals can expect to spend around 29 minutes traveling to and from their places of employment. In conclusion, the city presents various factors that potential employees should carefully assess before making any decisions.
The local economy in Torrance, CA, currently experiences an unemployment rate of 8.20%, which is above the country's average of 3.8%. Despite the high unemployment rate, the city is predicted to witness robust job market growth in the future. As a result, jobseekers can expect increased employment opportunities within Torrance's evolving economic landscape.
Torrances's job market offers numerous opportunities for growth and success. To find the perfect jobs in Torrance, use Joblift's advanced search and Job Coach tool to match your skills and experience with available positions.