Overall unemployment rate moved up to 4.1% with the biggest shift in Transportation & Utilities, which gained 15,900 roles, based on the most recently available information published in January 2022.
Total employment in the Los Angeles-Long Beach-Anaheim, CA market rose by 38,578 jobs in November and the unemployment rate increased compared to the prior month by 10 bps to 4.1%. The national unemployment rate decreased by 4 bps over the same time to 3.4%.
- Los Angeles-Long Beach-Anaheim, CA unemployment rate is 74 bps above the national rate which is a negative sign.
- Unemployment in the market is 160 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in November versus prior month by 3.6% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.7% . Key sectors include:
- Education & Healthcare: 1,161,900; +3,900
- Transportation & Utilities: 1,125,800; +15,900
- Business Services: 1,027,900; +7,900
- Restaurants & Hotels: 740,100; +1,100
- Government: 737,700; +8,400
- Manufacturing: 478,900; +1,400
- Financial Services: 329,200; no change
- Construction, Mining: 268,500; -2,400
- IT & Development: 265,000; +7,500
- Other Jobs: 206,500; -900
Data is based on the most recent 12 months available, through November 2022 (Data published January 2022 and reports created on January 3, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.