Los Angeles Job Market

The city of LA is vast and diverse, both culturally and economically.  But this fact has not kept LA from seeing better than average unemployment numbers.  In fact, the city has an above 10% unemployment rate.  That rate may be as high as 20%-25% when underemployed workers are factored in.  One of the biggest reasons for the lack of employment opportunities is the sheer size of the population in relation to the number of jobs available.  Coupled with the fact that California is now bankrupt and is issuing IOU’s to its citizens relative to the services that are usually paid out through the state and local governments, and you have a real recipe for disaster.LA Skyline

Read more >