Overall unemployment rate moved down to 9.8% with the biggest shift in Restaurants & Hotels, which gained 23,100 roles, based on the most recently available information published in April 2021.
Total employment in the Los Angeles-Long Beach-Anaheim, CA market declined by 18,473 jobs in March and the unemployment rate decreased compared to the prior month by 10 bps to 9.8%. The national unemployment rate decreased by 38 bps over the same time to 6.2%.
- Los Angeles-Long Beach-Anaheim, CA unemployment rate is 362 bps above the national rate which is a negative sign.
- Unemployment in the market is 480 bps above the unemployment rate in the market last year at this time, which is a negative.
- Average wages (per hour) grew in March versus prior month by 5.1% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.9% . Key sectors include:
- Education & Healthcare: 1,053,800; +2,600
- Transportation & Utilities: 1,048,300; +6,300
- Business Services: 903,700; +8,600
- Government: 701,300; +3,100
- Restaurants & Hotels: 531,800; +23,100
- Manufacturing: 449,100; +1,100
- Financial Services: 322,800; no change
- Construction, Mining: 249,300; -500
- IT & Development: 204,200; +3,400
- Other Jobs: 162,200; +4,300
Data is based on the most recent 12 months available, through March 2021 (Data published April 2021 and reports created on April 29, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.