Explaining Southern California's economy

Los Angeles job growth falling behind other cities, study says

Job Seekers Look For Open Positions At Career Fair In San Francisco

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Since the recession, Los Angeles has been adding jobs at a similar clip as California. But L.A. has a lot of catching up to do because it lost so many more jobs during the recession.

The Los Angeles economy continues to recover from the Great Recession, but not nearly fast enough to keep up with other major cities, according to the latest forecast released Thursday from UCLA’s Anderson School of Management.

Both California and U.S. payrolls have now surpassed their pre-recession peaks, but not L.A. payrolls. About 4,191,000 people are employed in the county, which is 0.9 percent below the peak; 1,585,000 people are employed in the city, which is 2.3 percent off the peak. 

In fact, the study finds that more people were employed all the way back in 1990 than are now, even though almost half a million more people live here.

Since the recession, the city has been adding jobs at a similar clip as California, but L.A. has a lot of catching up to do because it lost so many more jobs during the recession.

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Hiring in Los Angeles expected to lag rest of state

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Marlith/Wikimedia Commons (Creative Commons)

A new survey finds increased hiring, especially in the fields of leisure and hospitality, mining, and wholesale and retail trade. Locally, salespeople and trade-technicians are in especially high demand

15-percent of companies in greater Los Angeles say they will be hiring more employees in the fourth quarter of 2014, compared to 21-percent of companies statewide, according to a survey of thousands of companies by the staffing firm Manpower.

“In talking to employers, we certainly across the board are finding companies that are more ambitious that are looking at the talent they need as they go in 2015, talking about plans of expansion and growth,” said Carol Schenk, regional director for Manpower.

That means increased hiring, especially in the fields of leisure and hospitality, mining, and wholesale and retail trade. Locally, salespeople and trade-technicians are in especially high demand.

“If you have a skill set as a CMC programmer or a machinist, you have many, many choices available,” said Schenk.

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Hollywood studios charged with agreeing not to poach visual effects workers

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Dreamworks Entertainment

The Shrek series is mentioned in a lawsuit claiming Dreamworks Animation and other studios agreed not to poach visual effects workers from each other

Dreamworks, Disney and other studios are the targets of a new lawsuit alleging the companies agreed not to poach each others’ visual effects artists. 

In a complaint filed in federal court in San Jose, plaintiff Robert A. Nitsch, Jr. also names Pixar, Lucasfilm, Digital Domain 3.0, ImageMovers, ImageMovers Digital, Sony Pictures Animation and Sony Pictures Imageworks.  The complaint says the studios "secretly agreed to work together to deprive thousands of their workers of better wages and opportunities to advance their careers at other companies."  

http://www.scribd.com/doc/239107127/Class-action-against-major-studios

Nitsch, according to the complaint, was a Senior Character Effects Artist at DreamWorks Animation from 2007 to 2011 and a Technical Director at Sony Pictures Imageworks during 2004 and is now a resident of Massachusetts. 

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Why Warner Bros is cutting jobs: Call it the 'Murdoch defense'

Rupert Murdoch Delivers Keynote At The National Summit On Education Reform

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In July, Rupert Murdoch made a generous bid to buy Time Warner for $80 billion dollars. The stock shot up when he made the announcement, plummeted after he withdraw his offer in August, and hasn’t recovered.

Time Warner is planning to eliminate jobs at Burbank’s Warner Bros. Entertainment.

"It pains me to say this, positions will be eliminated—at every level—across the Studio," Warner Bros. Chairman and Chief Executive Officer Kevin Tsujihara wrote in an internal memo sent yesterday that was obtained by KPCC. (You can read the full memo below) 

Tsujihara cited the need to operate as efficiently and effectively as possible, which could be translated as: "We need to protect ourselves against Rupert Murdoch."

“Management is trying to prove that they are the right people to take these properties forward, not Fox, not Murdoch,” said Neil Macker, an equity analyst at Morningstar.

In July, Murdoch made a generous bid to buy Time Warner for $80 billion dollars. The stock shot up when he made the announcement, plummeted after he withdraw his offer in August, and hasn’t recovered.

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Clippers hire new lead advertising agency: Santa Monica-based RPA

Los Angeles Clippers Introduce Doc Rivers

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Doc Rivers will keep coaching the Clippers, but the team has picked a new advertising agency

The Los Angeles Clippers have hired Santa Monica-headquartered Rubin Postaer and Associates as its new lead advertising agency after a search that began this summer.   

A statement from RPA says the Clippers retained the firm to handle strategy, creative, media planning and buying, digital/social marketing and branded entertainment.

“The Los Angeles Clippers are poised for greatness,” said Kirt Danner, Senior Vice President at RPA in the statement.  “The soon-to-launch campaign will help the franchise stand out and seize this unique opportunity to gain a competitive edge and increase its fan base.”

The Clippers are looking for a fresh publicity start after a scandal brought down past owner Donald Sterling and led to the sale of the team to former Microsoft CEO Steve Ballmer.  Almost a month ago, Ad-Age reported the Clippers were conducting a search for a new agency, led by Boston-based Pile and Co.  

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