Overall unemployment rate moved down to 4.0% with the biggest shift in Government, which gained 16,200 roles, based on the most recently available information published in November 2022.
Total employment in the Los Angeles-Long Beach-Anaheim, CA market rose by 27,661 jobs in September and the unemployment rate decreased compared to the prior month by 50 bps to 4.0%. The national unemployment rate decreased by 47 bps over the same time to 3.3%.
- Los Angeles-Long Beach-Anaheim, CA unemployment rate is 68 bps above the national rate which is a negative sign.
- Unemployment in the market is 300 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in September 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: 1,134,100; +11,200
- Transportation & Utilities: 1,100,900; -4,100
- Business Services: 1,006,900; +6,800
- Restaurants & Hotels: 731,100; +1,600
- Government: 712,300; +16,200
- Manufacturing: 474,600; -2,500
- Financial Services: 327,400; -1,300
- Construction, Mining: 268,000; -2,400
- IT & Development: 256,600; -1,800
- Other Jobs: 207,300; +3,800
Data is based on the most recent 12 months available, through September 2022 (Data published November 2022 and reports created on November 2, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.