As the nation’s second largest city, Los Angeles has a vibrant culture, a diverse
population and a strong economy. The city is not only the largest entertainment
capital in the world, but also the nation’s largest manufacturing center and retail
market, a major tourist destination and financial center, and home to one of the
world's busiest ports.
A Time for Truth is a candid assessment of the challenges and opportunities Los Angeles faces. A Time for Action is the second and final report the LA 2020 Commission will publish. This report contains a series of concrete measures which, if adopted, will enhance transparency and accountability in City Hall, put Los Angeles on a path toward fiscal stability and renew job creation in the region.
Los Angeles is barely treading water while the rest of the world is moving forward. We risk falling further behind in adapting to the realities of the 21st century and becoming a City in decline.
Construction industry employment has been one of the fastest growing job sectors in Los Angeles County over the last year, driven in large part by a resurgent housing market and continued demand for multi-family housing.
Conducted by the L.A. Area Chamber and Beacon Economics, this fourth annual study looks at economic trends by City Council district. The 2013 report compares key economic indicators for each of L.A.’s 15 City Council districts, highlighting annual employment, average wage, tax revenue and building permits over the last year.