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Article: Job figures mask true picture.(unemployment in Los Angeles County, CA)
- Article from:
- Los Angeles Business Journal
- Article date:
- November 30, 1998
- Author:
CopyrightCOPYRIGHT 1998 CBJ, L.P. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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L.A. County's unemployment is at its lowest level since 1990, with an estimated 92,000 local jobs having been created this year alone.
But that does not begin to tell the whole story.
A look behind the numbers reveals a job picture that varies widely by geography and industry.
Some areas of the county, especially in coastal and upscale communities, have unemployment rates in the 2 percent range. Employers there are scrambling to find workers and "help wanted" signs are everywhere. But there are still pockets in L.A. that have double-digit unemployment, particularly in the poorer communities to the south and east of downtown.
Some ...