Unemployment rates in Los Angeles County have seen a decline compared to the previous months. The California State Employment Department reports that the seasonally adjusted unemployment rate for April was 4.9%. This is a lower rate from March’s 5%. It is also the same rate of unemployment observed a year ago.
The decrease in unemployment rate is a result of creating nearly 30,000 new positions in the non-agricultural payroll industry between March and April. The Los Angeles County has reached a total number of payroll jobs more than 4.6 million.
Various sectors have also seen a considerable growth in job opportunities. The welfare and health care industry added 7,500 new jobs. The arts, entertainment, and recreation sector recorded 7,300 new employments. Meanwhile, the professional and business services industry registered around 2,900 new job vacancies. The information sector takes fourth place, having 2,000 new open positions.
According to the EDD report, there are no significant industrial sectors that experienced job losses in the previous month.
However, the Los Angeles Business Journal reports that this could probably be the last time the county will experience positive news regarding employment. May and June might be slow months due to the end of short-term contracts from educational institutions during the end of the school year. Furthermore, the writers’ strike is believed to create a substantial decrease in the number of payroll jobs since the strike will affect other unions that depend on the entertainment sector.
