Report: 500K Calif. Jobs Returning, But LA County Expected To See Smaller Boost

LOS ANGELES (CBS) — The economic futures of Los Angeles County and California at large could be headed down two very different paths.

KNX 1070’s Jon Baird reports a weak jobs outlook continues to linger in the Southland.

The 110-page forecast from the Los Angeles County Economic Development Corporation (LAEDC) entitled “Emerging Opportunities and New Challenges in 2012 and Beyond” released on Wednesday painted a mixed picture of the county’s economic status and outlook for key industry sectors.

As many as 500,000 new jobs could be added to state payrolls over the next two years — a boost that could also drop California’s unemployment rate to as low as 10 percent.

But over the same period, LA County is expected to add a fraction of those jobs: about 15,000 in 2012 and as many as 22,000 jobs next year, with the biggest gains in entertainment, trade and business services.

Despite the findings, one Southland man remains confident that the county will continue its recovery.

“The news is consistent with what the economists have been predicting, that sooner or later there will be a turnaround,” he said.

Such optimism is less prevalent with those still trying to find a job after stints of unemployment lasting as long as 18 months or more.

“I know some people who are still out of work and still trying to find jobs,” one woman said.

Economists said it could be years before we make up the 300,000 jobs lost during the throes of the 2008 recession.

More from Jon Baird
Comments

One Comment

  1. Trenton says:

    That is a first.

  2. mike says:

    CandyO

    I can’t even get a job.That’s because that aS$hole lawyer Robert Hale from Hale and Nguyen in Brea couldn’t help me with my case. Now I’m a bitter aS$puck that has a beef with law enforcement and everybody on the internet. I used multiple screen names like [GROW..APAIR], [wg//af], [up//yours], [Mike in San Diego], [Mike in Upland], [1stman] and [kma] so no one can track me down. I challenge people to meet me in front of the Fullerton P.D. station for my protection.

  3. rankin1 says:

    Gas is near 4 bucks a gallon projected to go to 5 buck,s what good are these 8 dollar an hr. jobs.

  4. jamesporterz says:

    You should know that Crafty men condemn studies; simple men admire them and wise men use them. Be a wise man and use the education to get a job, search online for High Speed Universities you will be surprised to learn how fast it is to get degree and pump up your resume

  5. lee says:

    FBI and DEA fabricate evidence, steal from suspects and use murder to close those bad cases.
    There is evidence that employees from DoD, CIA and DOJ accepted bribes from Al Quida.
    How is it that 12 of the 9/11 terrorists could live for 2 weeks just 2 miles from NSA head quarters in Maryland.This after several of them had taken flight simulator lessons on Jumbo jet trainers and several of them where on State department terror watch lists.
    There is evidence that employees from DoD, CIA and DOJ accepted bribes from Al Quida.
    If DoJ and DoD employees where more concerned with doing their jobs than enriching themselves by stealing from suspects and taking bribes, then there might have been more a chance that 9/11 had never happened.

Leave a Reply

Fill in your details below or click an icon to log in:

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More From CBS Los Angeles

KNX 1070 Newsradio
Play.It

Listen Live