Printer Friendly


 LOS ANGELES, Sept. 1 /PRNewswire/ -- According to a new survey released today by the Economic Development Corp. of Los Angeles County (EDC), there are 65 corporations or government entities employing over 5,000 people each in the Los Angeles five-county area (Los Angeles, Orange, Riverside, San Bernardino, and Ventura counties). Number one is Los Angeles County with 84,738 employees, second is the United States government with 72,338, and third is the Los Angeles Unified School District with a workforce count of 55,000. "While some people are amazed by the size of the county government, the reality is that only eight states have a larger population than Los Angeles County does," said Jack Kyser, chief economist for the EDC.
 "What is striking about this new survey's results is the sharp drop in employment at the area's large aerospace/high-tech firms," Kyser continued. "The last time such a survey was done (in 1991), five of the top 10 employers were aerospace firms. Currently, only four are in the top 10 and their employment counts are much reduced -- down by about 93,000 jobs."
 As noted earlier, the top three employers in the five-county area are government entities, and Kyser cautions that government agencies are starting to shed jobs as well. "There are eight city, county or state agencies on the roster, and together they employ over 199,000 people. The ongoing budget problems of all levels of government are already resulting in layoffs, and these problems will probably be in evidence for a few more years so the outlook here is not the brightest.
 "Higher education is also a significant activity in the Los Angeles area, and six institutions each have more than 5,000 employees," Kyser continued. USC checks in with 18,000 employees, UCLA has 16,000 while the serve local campuses of the California State University and College system have a combined total of 14,700 workers. "This does not include either County-USC or the UCLA medical centers where teaching is also done," noted Kyser.
 As to entertainment and tourist-related activities, the Walt Disney Co. (including Disneyland), and MCA (including the Universal Hollywood tour) reported 11,000 and 8,000 employees respectively.
 "There are some familiar names that do not appear on this roster of large employers," Kyser pointed out. "We checked twice, but many local firms have been aggressively downsizing over the last few years." Why conduct a survey of large employers? "In any site selection survey that we receive from a business considering a Los Angeles location, a standard question is who are the area's large employers? A quick scan of this new survey conveys the size and the diversity of the Los Angeles area economy better than any short paragraph could," Kyser pointed out.
 The Economic Development Corp. of Los Angeles County is a private, not-for-profit organization dedicated to providing pro-active leadership and programs to accelerate the process of economic recovery in South California. For a copy of the ranking of the largest employers for the Los Angeles five-county area, please contact the EDC at 213-462-5111.
 -0- 9/1/93
 /CONTACT: Jack A. Kyser, 213-462-5111/

CO: Economic Development Corp. of Los Angeles ST: California IN: SU:

LM-MF -- LA027 -- 8037 09/01/93 14:50 EDT
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Sep 1, 1993

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters