The Breakdown

Explaining Southern California's economy

August LA jobs: Unemployment rate drops to 10.3 percent

43381 full
43381 full

The Labor Department has released its August jobs report for what it calls "metropolitan areas," and the news for Los Angeles is good: In August, the unemployment rate fell to 10.3 percent from July's 10.9 percent. Year-over-year, the drop is substantial, down more than a full percentage point from August 2011.

The Los Angeles-Long Beach-Santa Ana area added 103,000 new jobs, a notable improvement over July's 86,300. Only the New York-New Jersey area did better, with 117,900 jobs added on an over-the-year basis.

Other parts of the state are not faring as well.

El Centro continues to have a scary-high unemployment rate, nearly 30 percent. For the metro areas that the Bureau of Labor Statistics tracks in California, only ten have unemployment rates in single digits — and nowhere is the rate lower than 7 percent.

The Riverside-San Bernardino area notched the highest unemployment rate of cities with populations of one-million or more: 12.3 percent, a tie with the hard-hit Las Vegas area.

Overall the jobs story in California is mixed. But in L.A., the trend continues to be positive.

Follow Matthew DeBord and the DeBord Report on Twitter. And ask Matt questions at Quora.

blog comments powered by Disqus

Enjoy reading The Breakdown? You might like KPCC’s other blogs.

What's popular now on KPCC