Region: Los Angeles
Report

LAEDC’s Institute for Applied Economics has released the report, Goods on the Move: Trade and Logistics in Southern California. The report looks at jobs, wages, economic impact, trends, and factors affecting the future of this major regional industry cluster, which directly employs over half a million people in Southern California. The industry continues to grow, with more jobs being added. While average wages for the industry as a whole are above the LA County average, the individual occupations span a wide range of salaries. Warehousing experienced a 55% increase in employment during the past ten years, but salaries in that sector have been trending down, and increasing automation is a factor to watch.

Report
The Latino population in Los Angeles County continues to grow robustly while, simultaneously, experiencing income growth. Put these two together and the County and big business benefit from a rapidly growing consumer base. Indeed, from 2000 to 2014, the number of Latinos in the County grew by 15.5%, compared to a 1.1% decline in the rest of the population. Meanwhile, the aggregate income among Latino head-of-households grew from $45.9 billion to $72.4 billion in 2014
Report
"Following a 3.0% increase in 2014, nonfarm jobs are expected to grow by 2.9% in 2015, and then slow slightly to 2.4% in 2016. The unemployment rate stood at 6.3% in July and is expected to decline to 5.8% in 2016. With further improvements anticipated for the labor market, personal income and total taxable sales should increase by 4.9% and 4.5% respectively this year, with similar or better gains in 2016."
News
Oct. 13, 2014
Los Angeles has long been the center of technology and innovation, with the nexus of its signature aerospace and entertainment industries inexorably shattering successive frontiers of knowledge and imagination.
News
Oct. 13, 2014
While progress in the national and state economies has boosted confidence, optimism on the part of both consumers and businesses has been tempered by caution. Following a 3.0% increase in 2013, nonfarm jobs are expected to increase by 2.2% in both 2014 and in 2015. The unemployment rate will fall from 8.9% in 2013 to 7.5% this year and 7.0% in 2015. With continued improvement in the labor market, both personal income and total taxable sales should increase by four to five percent in each of the next two years.
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