January's employment report for L.A. County and California won’t be released until tomorrow, but the Bureau of Labor Statistics provided a not-so-encouraging hint of what might be in store. Last month 54,153 Californians filed initial unemployment-benefit claims because they were let go as part of a mass layoff, a 25 percent jump from December. From Tom Petruno at Money & Co.:
Among the 50 states, California had by far the largest number of mass-layoff cuts in January, but that isn’t surprising given the state’s No. 1 rank in population. New York ranked second in mass-layoff claims, at 31,893. Next were Pennsylvania (29,656), Ohio (27,971) and Michigan (26,453). The number of California companies announcing mass layoffs totaled 651 last month, up 19% from 546 in December. The national total for January was 3,806 companies, up 13%.
One bit of hopeful news: Mass-layoff benefit claims in California were up 40 percent from a year earlier, which is substantially lower than the nationwide increase of 152 percent. Of course all these numbers are off the charts.



Mark Lacter created the LA Biz Observed blog in 2006. He posted
until the day before his death on Nov. 13, 2013.