LA Biz Observed
 
Bio • Email • Archive
 

 

L.A. County's jobless rate for November is up from 8.3 percent the previous month - and 5.3 percent in November 2007. Statewide, the rate was 8.4 percent, up from 8.2 percent in October. The national rate is 6.7 percent. The state and local numbers are not great, of course, but they’re not a surprise. It’s a good bet that L.A. County will see 10 percent-plus unemployment sometime next year. As for the separate payroll survey, L.A. actually added 5,000 jobs from October, though the largest gains came from government and that's not a growth industry, given the huge budget deficits. Leisure and hospitality took a big hit. Between November 2007 and November 2008, L.A. had a loss of 20,400 jobs, but one industry that did quite well was entertainment, adding 14,300 jobs. Showbiz jobs can fluctuate a lot, but Hollywood still seems to be holding its own. Here's the EDD release.

> | More
© 2003-2011   •  About LA Observed  •  Email the editor
Mark's latest news
and commentary
 
 
LA Biz Observed
by topic
Economy and jobs
Media, books & Hollywood
Politics and labor
Travel, food and life
Technology
Land and real estate
Wealth and poverty
 
 
New at
LA Observed
 
9:43 AM Thu | Sheriff's spokesman Steve Whitmore told KPCC that a student's account of Miramonte Elementary School suspect Mark Berndt being helped by another teacher was fabricated and not true.