L.A. County unemployment dips a bit*

payroll.jpgThe August rate of 11.0 percent is down from 11.2 percent the previous month. But overall it wasn't a very strong August, considering that the separate payroll survey showed a drop of 10,400 jobs (much of that related to a loss of government jobs due to the summer recess). Construction was up a little and manufacturing was down a little. The big gainer was the entertainment business, which picked up 6,000 jobs in August, a 4.2 percent increase from a year earlier. Yes, the same entertainment industry that's supposedly leaving L.A. for other cities and states. Actually, movie and television employment is normally quite volatile - and seasonal - and it's not unusual to see month-to-month swings. But it you go back 10 or 15 years you'll see that the range is quite consistent: from the low 120,000s to the high 130,000s. Payroll employment is currently at 132,500 - not too shabby, all things considered. Statewide, the August jobless rate was 10.6 percent, a slight drop from a month earlier, but only 12,000 jobs were added to the rolls.

*Economist Michael Bernick points out that the drop in the state unemployment rate was due mainly to a decline the civilian labor force - much like the national picture.


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Mark Lacter
Mark Lacter created the LA Biz Observed blog in 2006. He posted until the day before his death on Nov. 13, 2013.
 
Mark Lacter, business writer and editor was 59
The multi-talented Mark Lacter
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