Overall unemployment rate stayed flat at 4.5% with the biggest shift in Education & Healthcare, which gained 6,900 roles, based on the most recently available information published in September 2022.
Total employment in the Los Angeles-Long Beach-Anaheim, CA market declined by 24,392 jobs in August and the unemployment rate stayed flat. The national unemployment rate stayed flat over the same time period at 3.8%.
- Los Angeles-Long Beach-Anaheim, CA unemployment rate is 71 bps above the national rate which is a negative sign.
- Unemployment in the market is 370 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in August versus prior month by 4.2% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.1% . Key sectors include:
- Education & Healthcare: 1,119,700; +6,900
- Transportation & Utilities: 1,104,600; +3,300
- Business Services: 998,400; -300
- Restaurants & Hotels: 727,000; -700
- Government: 673,400; -2,500
- Manufacturing: 477,300; +500
- Financial Services: 326,200; -900
- Construction, Mining: 270,300; +2,400
- IT & Development: 256,200; -900
- Other Jobs: 203,900; -4,500
Data is based on the most recent 12 months available, through August 2022 (Data published September 2022 and reports created on September 28, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.