By Jodi Summers

Go figure. We had more than 12% unemployment all 2010, but the U.S. Bureau of Labor Statistics (BLS) says Los Angeles County has more jobs than any other county in the U.S!!??!

In March 2010, the BLS notes that national employment totaled 126.3 million workers, a decline of -2.1% compared from a year prior. In Los Angeles county, our total employment was 3.86 million workers – down by -3.4% from the prior year.

Two other SoCal counties were also in the top 10. Orange County ranked #7 – total employment was 1.34 million workers, down by -4.2%.  San Diego County ranked #8 – employment totaled 1.23 million workers (-2.8%), compared with March 2009.

Lots of work on the coasts. Yet, California state unemployment has hovered above 12% this year. (Nationally, it’s been between 9.5%-10% in 2010.) Perhaps SoCal has a supply and demand issue. Statistically, it seems we have an adequate supply of jobs – there are just too many people demanding work.

Congratulations to the top 10 counties for employment rankings (as of March 2010):

* #1: Los Angeles, CA 3.86 million workers, (-3.4% over the year..);

* #2:  Cook, IL (Chicago),               2.31 million workers (-2.9% over the year..);

* #3:  New York, NY (Manhattan),    2.26 million workers (-1.7% etc…);

* #4:  Harris, TX (Houston),             1.97 million workers (-2.5%);

* #5:  Maricopa, AZ (Phoenix),         1.61 million workers (-3.8%).

* #6:  Dallas, TX, 1.39 million workers (-1.9%);

* #7:  Orange, CA 1.34 million workers (-4.2%);

* #8:  San Diego, CA 1.23 million workers (-2.8%)

* #9:  King, WA (Seattle),               1.10 million workers (-3.1%);

* #10:  Miami-Dade, FL, 0.95 million workers (-2.0%).

FYI…our employment statistics are among the ugliest in the country.  In September, according to
the BLS, Nevada’s unemployment rate held at 14.4%, again the highest among the states.
Nevada is followed by Michigan, 13.0%, and in third California at 12.4%. North Dakota
continued to register the lowest jobless rate, 3.7%.

In the big picture, only 22 of the largest 326 counties registered any growth in employment in the 12 months leading up to last March. The leaders were Elkhart, IN, where employment grew by +5.7%, and Benton, WA (+5.0% over the year).

**

http://www.bls.gov/sae/

http://www.laedc.org/eedge/index.html#3

http://www.socalmultiunitrealestateblog.com/?p=911

http://www.bls.gov/news.release/laus.nr0.htm

http://www.real-estate-us.com/images/LosAngelesNeighbourhoods.gif

http://www.epodunk.com/cgi-bin/genInfo.php?locIndex=10443

Join the conversation! 2 Comments

  1. Find me a job, please…

  2. The Los Angeles County unemployment rate (SA) decreased in February compared to January, but it increased when compared to a year earlier. LA County’s seasonally adjusted unemployment rate was higher than California’s rate (12.2 percent) in February.

    February 2011: 12.6 percent
    February 2010: 12.4 percent

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Jodi Summers Sotheby’s International Realty 310.260.8269 jodis@jodisummers.com www.SoCalInvestmentRealEstate.com www.SantaMonicaLandmarks.com www.SoCalIndustrialRealEstateBlog.com www.SoCalOfficeRealEstateBlog.com www.SoCalGreenRealEstateBlog.com www.SantaMonicaPropertyBlog.com Jodi Summers Bio With $100,000,000 in listed inventory, Jodi Summers understands the coastal commercial real estate market. A top producer with Sotheby’s International Realty, Jodi knows finance, rules, regulations, procedures and methods. She is accurate, knowledgeable, timely and aware of how government shapes the cities of Southern California. Jodi is born in Brooklyn, raised in and around Manhattan – the family business was marketing, Madison Avenue style. Childhood math quiz questions calculated demographic and psychographic percentages or analyzed the allocation of adverting dollars. Word games were for devising slogans. An honors graduate from the Walter Cronkite School of Journalism at Arizona State University, Jodi moved to California to achieve her goal of living by the beach with a palm tree and a hibiscus bush in her yard. She thrived as an entrepreneur in the entertainment, media and marketing industries. One of her books, “Marking and Marketing Music,” is in second edition. “My marketing and communication skills have proven to be a true gift when it comes to promoting real estate,” observes Jodi. “And I am consistently able to get an exceptionally high price per square foot for my sellers.” Discipline (Jodi holds a Black Belt in Tae Kwon Do), organization, motivation, excellent communication skills and knowing & satisfying the needs of her clients have been her essentials for running a successful business. A passion for investment real estate explains her emphasis in asset-yielding properties. Her team joined Sotheby’s International Realty for the company’s powerful brand and stellar reputation. “We offer the broad market knowledge needed to assist clients in formulating a sound acquisition strategy,” Jodi amplifies. “Together, we evaluate various markets, property types and neighborhoods to devise a customized approach that meets each client's specific objectives.” Jodi is a member of the Action Apartment Association of Westside income property owners, the Santa Monica Conservancy historic preservation society, the Ocean Park Association, the Friends of Sunset Park community group, the Real Estate Investors Club of L.A., and the Culver City Rock & Mineral Club. Members of her team are fluent in Spanish and Italian. “Our reputation assures your satisfaction.”

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