L.A.’s Economy – What Does it All Mean
Last week the Southern California Association of Governments hosted its six annual economic summit to highlight their economic research on Southern California’s six county region.
L.A. County’s unemployment rate now stands at 5.7 percent, which is 7.5 percentage points below its July 2010 peak of 13.2 percent, but still higher than the prerecession low of 4.3 percent.
Around 4.4 million people are now in jobs, which is 73,200 jobs more than the previous year, a year-over-year increase of 1.7 percent.
Their research shows that several industries will add jobs over the next five years and lead in job growth:
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