Bio • Email • Archive
 

L.A. County unemployment dips a bit*

payroll.jpgThe August rate of 11.0 percent is down from 11.2 percent the previous month. But overall it wasn't a very strong August, considering that the separate payroll survey showed a drop of 10,400 jobs (much of that related to a loss of government jobs due to the summer recess). Construction was up a little and manufacturing was down a little. The big gainer was the entertainment business, which picked up 6,000 jobs in August, a 4.2 percent increase from a year earlier. Yes, the same entertainment industry that's supposedly leaving L.A. for other cities and states. Actually, movie and television employment is normally quite volatile - and seasonal - and it's not unusual to see month-to-month swings. But it you go back 10 or 15 years you'll see that the range is quite consistent: from the low 120,000s to the high 130,000s. Payroll employment is currently at 132,500 - not too shabby, all things considered. Statewide, the August jobless rate was 10.6 percent, a slight drop from a month earlier, but only 12,000 jobs were added to the rolls.

*Economist Michael Bernick points out that the drop in the state unemployment rate was due mainly to a decline the civilian labor force - much like the national picture.


More by Mark Lacter:
Tribune Co. closes in on new CEO
L.A. County unemployment dips a bit*
Report: Time Warner Cable agrees to carry NFL Network
Friday morning headlines
Small dip in state unemployment
Why selling AEG will be difficult
Economic forecasting is often more story-telling than statistics
Big time L.A. investor victim of $10 million burglary
Elon Musk and Panda Express founders make it onto Forbes 400
Jon Stewart takes on Fox's 'Bullsh*t Mountain'
Recent Economy stories:
L.A. County unemployment dips a bit*
Friday morning headlines
Small dip in state unemployment
Economic forecasting is often more story-telling than statistics
Thursday morning headlines

New at LA Observed
Follow us on Twitter

On the Media Page
Go to Media
On the Politics Page
Go to Politics

LA Biz Observed
Arts and culture

Sign up for daily email from LA Observed

Enter your email address:

Delivered by FeedBurner


Advertisement
LA Observed on Twitter and Facebook