09/24/2021

Report: LA Economy Gains Steam

“The economy in the city of Los Angeles grew at a faster rate than the nation last year, according to a report released by the Los Angeles Area Chamber of Commerce Wednesday.

The report, prepared by Beacon Economics, a Los Angeles economic consulting firm, said the city of Los Angeles had a 3.8 percent increase in payroll jobs to about 1.5 million jobs last year, the sharpest increase since 2005 and nearly double the national rate.

… But the job growth was most concentrated in four of the city’s 15 council districts: just north of downtown, the Westside, west of downtown and the southeastern San Fernando Valley. Eight council districts saw little job growth, while three council districts saw job losses.”

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