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Article: Jobs data reveal rest of state still lags Los Angeles. (Up Front).
- Article from:
- Los Angeles Business Journal
- Article date:
- March 10, 2003
- Author:
CopyrightCOPYRIGHT 2003 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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Los Angeles is poised to lead California out of its current economic slump even as the San Francisco Bay area struggles to regain the footing it lost two years ago.
Revised employment data released by the state Employment Development Department show that L.A. County has weathered the downturn far better than its northern counterparts -- and even Southern California neighbors such as Orange County.
Declines in tourism, manufacturing and trade have been offset by a patchwork of gains in defense, government and a variety of professional services -- everything from accountants to ambulance drivers.
"L.A. has a vibrant economy that is just waiting ...
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