9
0.17%
Los Angeles County is on the verge of regaining all the 785,000 payroll jobs lost in the spring 2020 pandemic lockdown, according to state figures released this month. The county gained nearly 59,000 payroll jobs in October to reach 4,610,600, just 9,900 fewer jobs than the pre-pandemic peak of 4,620,500 recorded in Feb. 2020. That’s a recovery rate of 98.8%; with the seasonal holiday hiring period approaching. On the unemployment-rate front, the 4.9% figure for October was higher than the statewide average of 4% and the national average of 3.7%. But that gap has been steadily closing: a year ago the county’s unemployment rate was more than double the national rate. To read more on this, head to the link in our bio. #unemploymentrate #lacountyjobs
9
0.17%
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