Los Angeles Area Economic Summary Updated September 07, 2021 This summary presents a sampling of economic information for the area; supplemental data are provided for regions and the nation. Subjects include unemployment, employment, wages, prices, spending, and benefits. All data are not seasonally adjusted and some may be subject to revision. Area definitions may differ by subject. For more area summaries and geographic definitions, see www.bls.gov/regions/economic-summaries.htm.
Unemployment rates for the nation and selected Average weekly wages for all industries by county areas Los Angeles-Long Beach-Anaheim, CA MSA, first quarter 2021 (U.S. = $1,289; Area = $1,435) Unemployment rates
10.5 United States 5.7
13.6 California 7.9
Los Angeles 16.8 metro area 9.3
Los Angeles 18.2 County 10.2
12.3 Orange County 6.3
18.5 Los Angeles city 10.2
0.0 10.0 20.0 Jul-20 Jul-21 Source: U.S. BLS, Local Area Unemployment Statistics. Source: U.S. BLS, Quarterly Census of Employment and Wages.
Over-the-year changes in employment on nonfarm payrolls and employment by major industry sector
12-month percent changes in employment Los Angeles metro area Change from Jul. employment Jul. 2021 2020 to Jul. 2021 15.0 (number in thousands) Number Percent 10.0 Total nonfarm 5,776.4 359.3 6.6 5.0 Mining and logging 1.9 0.0 0.0 Construction 247.1 0.9 0.4 0.0 Manufacturing 455.6 0.3 0.1 -5.0 Trade, transportation, and utilities 1,061.7 58.9 5.9 Information 204.1 20.0 10.9 -10.0 Financial activities 326.9 5.0 1.6 -15.0 Professional and business services 924.6 51.2 5.9 Education and health services 1,056.6 40.7 4.0 -20.0 Leisure and hospitality 656.1 169.9 34.9 Jul-18 Jul-19 Jul-20 Jul-21 Other services 179.1 15.6 9.5 Los Angeles metro area United States Government 662.7 -3.2 -0.5 Source: U.S. BLS, Current Employment Statistics. Source: U.S. BLS, Current Employment Statistics. Over-the-year change in the prices paid by urban Over-the-year changes in the selling prices received by consumers for selected categories producers for selected industries nationwide
12-month percent change in CPI-U, July 2021 12-month percent changes in PPI
30.0 26.7 25.0 20.0 23.8 25.0 15.0 10.0 20.0 5.0 0.0 15.0 -5.0 -10.0 -15.0 10.0 -20.0 5.4 3.9 -25.0 5.0 3.7 3.4 Jul-18 Jul-19 Jul-20 Jul-21 General freight trucking 0.0 All items Food Energy Hospitals Los Angeles metro area U.S. city average Hotels (exc casino hotels) and motels Source: U.S. BLS, Consumer Price Index. Source: U.S. BLS, Producer Price Index.
Average annual spending and percent distribution Average hourly wages for selected occupations for selected categories Los Angeles United Occupation metro area States Average annual expenditures, United States and All occupations $30.61 $27.07 Los Angeles area, 2018-19 100% $11,679 $11,144 Human resources managers 72.11 64.70 80% $4,158 $5,081 $9,238 $7,230 Registered nurses 54.38 38.47 60% $9,177 $8,047 40% $10,959 $10,507 Accountants and auditors 40.22 39.26 20% $24,613 $20,386 0% Electricians 37.25 29.59 Los Angeles area United States All other items Healthcare Chefs and head cooks 28.46 28.24 Personal insurance & pensions Food Transportation Construction laborers 23.18 20.67 Housing Source: U.S. BLS, Consumer Expenditure Survey. Source: U.S. BLS, Occupational Employment and Wage Statistics, May 2020.
Employer costs per hour worked for wages and Over-the-year changes in wages and salaries selected employee benefits by geographic division 12-month percent changes in ECI Private industry, West census United March 2021 region States 6.0 Total compensation $40.60 $36.64 5.0 Wages and salaries 28.59 25.80 Total benefits 12.01 10.83 4.0 Paid leave 3.09 2.72 3.0 Vacation 1.56 1.39 Supplemental pay 1.29 1.27 2.0 Insurance 3.14 2.83 1.0 Retirement and savings 1.34 1.25 0.0 Legally required benefits 3.16 2.77 Jun-18 Jun-19 Jun-20 Jun-21 Los Angeles area United States Source: U.S. BLS, Employer Costs for Employee Compensation. Source: U.S. BLS, Employment Cost Index.
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