Overall unemployment rate moved down to 4.2% with the biggest shift in Education & Healthcare, which gained 13,300 roles, based on the most recently available information published in June 2023.
Total employment in the Los Angeles-Long Beach-Anaheim, CA market declined by 26,283 jobs in April and the unemployment rate decreased compared to the prior month by 40 bps to 4.2%. The national unemployment rate decreased by 53 bps over the same time to 3.1%.
- Los Angeles-Long Beach-Anaheim, CA unemployment rate is 110 bps above the national rate which is a negative sign.
- Unemployment in the market is 10 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 3.1% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.7% . Key sectors include:
- Education & Healthcare: 1,183,200; +13,300
- Transportation & Utilities: 1,099,800; +3,400
- Business Services: 1,015,300; +6,000
- Restaurants & Hotels: 770,800; +10,100
- Government: 748,400; +1,300
- Manufacturing: 476,600; +400
- Financial Services: 329,100; +2,300
- IT & Development: 255,000; +2,200
- Construction, Mining: 254,700; +3,600
- Other Jobs: 210,800; +2,400
Data is based on the most recent 12 months available, through April 2023 (Data published June 2023 and reports created on June 8,2023). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.