L.A. County's unemployment rate in October was a reasonable 5.1 percent, unchanged from the previous month though well above the 4.5 percent level in October, 2006. The statewide rate also remained unchanged at 5.6 percent (U.S. unemployment was 4.7 percent in October). Between September and October, L.A. added 7,800 jobs - much of that due to the new school year. Curiously, there was a sizeable drop in motion picture and sound recording jobs, which would seem to run counter to those reports of stepped-up activity in the weeks leading up to the writers strike. Another curiosity: a relatively small drop in construction jobs. Obviously, next month could be a different kettle of fish, what with the shuttering of so much TV and movie production. (EDD release)
More by Mark Lacter:
  American-US Air settlement with DOJ includes small tweak at LAXSocal housing market going nowhere fast
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Another rugged quarter for Tribune Co. papers
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Those awful infographics that promise to explain and only distort
Best to low-ball today's employment report
Further fallout from airport shootings
Crazy opening for Twitter*
Should Twitter be valued at $18 billion?
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   Mark Lacter created the LA Biz Observed blog in 2006. He posted 
until the day before his death on Nov. 13, 2013.
Mark Lacter created the LA Biz Observed blog in 2006. He posted 
until the day before his death on Nov. 13, 2013.