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Orange County has led Southern California’s office growth, and despite already being the tightest market, the market has continued to see job growth this year. According to a recent report from JLL, Orange County hit an unemployment low in April and May of 2018, at 2.6%. While education and health services has led employment growth, the market has seen job growth across job sectors with nonfarm employers adding 170,000 jobs in the last five years.

“With 2.9% unemployment, Orange County has been Southern California’s tightest job market for a couple of years now, yet has continued to manage positive job growth,” Paulina Torres, research analyst at JLL, tells GlobeSt.com. “In the last 12 months, total nonfarm employment has increased by 14,400 jobs—a 0.9% increase—compared to a 2% increase from the 12 months prior.”

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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