Overall unemployment rate moved down to 4.3% with the biggest shift in Restaurants & Hotels, which gained 16,400 roles, based on the most recently available information published in June 2022.
Total employment in the Los Angeles-Long Beach-Anaheim, CA market declined by 46,365 jobs in April and the unemployment rate decreased compared to the prior month by 20 bps to 4.3%. The national unemployment rate decreased by 42 bps over the same time to 3.3%.
- Los Angeles-Long Beach-Anaheim, CA unemployment rate is 96 bps above the national rate which is a negative sign.
- Unemployment in the market is 510 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in April versus prior month by 5.7% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.4% . Key sectors include:
- Education & Healthcare: 1,116,800; -2,600
- Transportation & Utilities: 1,088,100; -1,200
- Business Services: 983,400; +4,900
- Government: 733,900; +2,300
- Restaurants & Hotels: 712,100; +16,400
- Manufacturing: 469,500; +1,000
- Financial Services: 326,800; +2,000
- Construction, Mining: 256,300; -4,200
- IT & Development: 253,100; +2,300
- Other Jobs: 199,400; +1,900
Data is based on the most recent 12 months available, through April 2022 (Data published June 2022 and reports created on June 1, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.