Even worse, the City of Los Angeles tops the rest of the county with its unemployment rate jumping from 11.6% to 12.1% compared to the 7.9% national rate. That's almost one out of eight people in the City of LA - not counting those have have given up even looking for work.
So even though a couple local pundits still try to claim Los Angeles has nothing to worry about from New York and other states using subsidies to take the film and TV industry from LA and California - more jobs were lost in the entertainment industry than in any other job category (other then the post-Christmas drop in temporary retail) during the month of January. Yes, fourteen thousand entertainment industry jobs vanished in just one month.
And now, film and TV are the fastest declining businesses in all of LA Country. And that's not - of course - counting the TONIGHT SHOW which is now about to move back to New York - and join much of the TV industry that has already relocated there.
Here is the opening of the Los Angeles Business Journal article, and the link to read the rest of it:
The rest of the story and the unemployment rate of the City of Los Angeles is right here.
Job Losses Hit L.A.