Not all L.A. County job growth created equal.It's economic outlook time and the job prospects in the San Fernando Valley San Fernando Valley Valley, southern California, U.S. Northwest of central Los Angeles, the valley is bounded by the San Gabriel, Santa Susana, and Santa Monica mountains and the Simi Hills. , San Gabriel Valley The San Gabriel Valley is one of the principal valleys of southern California. It lies to the east of the city of Los Angeles, to the north of the Puente Hills, to the south of the San Gabriel Mountains, and to the west of the Inland Empire. , Westside, South Bay and Long Beach are all expected to match or exceed the countywide job growth average next year. Downtown and the southeast portion of the county both have been hit hard by losses in manufacturing and government jobs and will not do as well. These local economic forecasts primarily look at nonfarm payroll jobs, the traditional yardstick for measuring job growth. They do not consider total civilian employment, which is at record highs in Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. County. The most robust job growth is taking place on the Westside and in the South Bay, each with growth rates Growth Rates The compounded annualized rate of growth of a company's revenues, earnings, dividends, or other figures. Notes: Remember, historically high growth rates don't always mean a high rate of growth looking into the future. of at least 2 percent, twice the countywide average. Growth on the Westside is being fueled by a surge in business and professional service jobs, a rebound in tourism and expanding information/entertainment industry employment, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the Los Angeles County Economic Development Corp. The South Bay's growth has been sparked by an upturn in manufacturing as new defense orders pick up. "Groups of firms in the aerospace and defense sectors are hiring now because of past (defense) budget boosts," said Joseph Maggadino, chairman of the economics department at California State University Enrollment  Long Beach.Next door in Long Beach, new waterfront development has sparked a jump in retail and tourism-related employment, while the booming Port of Long Beach has kept trade employment growing. The San Fernando Valley has benefited from growth in the entertainment industry, especially in television production, according to Daniel Blake, professor of economics at California State University Northridge. The San Gabriel Valley has seen growth in education, health care, professional and business services and retail, offset by losses in manufacturing. LAEDC LAEDC Los Angeles Economic Development Corporation LAEDC Louisiana Economic Development Council Chief economist The Chief Economist is a single position job class having primary responsibility for the development, coordination, and production of economic and financial analysis. It is distinguished from the other economist positions by the broader scope of responsibility encompassing the Jack Kyser said he expects the same trends to continue in 2006. Kyser said sharp declines in apparel manufacturing have led to an employment slide in the "Gateway Cities The Gateway Cities of Southern California are those located in southeastern Los Angeles County. There is some cross-over between these cities and those composing South Los Angeles, East Los Angeles, the South Bay, and the San Gabriel Valley. " corridor, located in southeast L.A. County. The jobs picture downtown is expected to remain virtually flat in 2005 and 2006 as growth in professional and business services has been offset by a steady deterioration in government jobs.
Mixed Bag
Several local regions are expected to outperform
L.A. County in payroll job creation next year.
Est.Jobs Proj. Jobs
Region Added 2005 Added 2006
San Fernando Valley 1.8% 2.1%
San Gabriel Valley 1.5 1.2
Greater Westside 2.8 2.0
Downtown L.A. 0.3 NA
South Bay 2.0 2.2
Long Beach 1.5 NA
Southeast L.A. County 0.4 NA
Los Angeles County 0.9 1.3
Sources: Los Angeles County Economic Development Corp.;
San Fernando Valley Economic Research Center at California State
University Northridge, California State University Long Beach.
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