What are the fundamentals in the Los Angeles economy?
calmis.ca.gov
calmis.ca.gov
calmis.ca.gov
Compared with September 2001, total nonfarm employment decreased by 30,200 jobs or 0.7 percent.
Government and finance (up 3,400 jobs), insurance and real estate (up 1,500 jobs) were the only industry divisions to record over-the-year employment gains.
Manufacturing accounted for nearly seventy percent of the annual job loss with payrolls down by 21,100 jobs. Within manufacturing, durable goods manufacturing contracted by 14,700 jobs while nondurable goods manufacturing dropped by 6,400 jobs.
Services recorded the second largest annual decline with employment down by 6,200 jobs. Within services, the sharpest declines were in motion pictures (down 5,900 jobs) and business services (down 5,600 jobs).
Other industries posting over the year declines were Construction (down 4,600 jobs), Retail Trade (down 2,100), Transportation and Public Utilities (down 800 jobs), and Wholesale Trade (down 300 jobs).
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Los Angeles County is the top-ranked county for manufacturing in the United States, producing 10 percent of the nation's manufactured goods. |
