October 26, 2000 |
Despite a sharp drop-off in the nation's economic growth next year, Los Angeles County should create more jobs in 2001 than this year, garnering a greater share than some of its neighboring counties, economists at Cal State Fullerton said Wednesday. In their annual forecast, the economists said Los Angeles County's economy appears to have gained momentum this year, while growth in its neighboring counties has slowed.
January 23, 2003 |
The Los Angeles County economy should begin recovering by mid-2003, but the rebound will be a weak one, according to a forecast to be released today by Chapman University. Chapman economists expect employers in the county to begin adding jobs again this year after a loss of 18,200 payroll positions in 2002. But the gains will be paltry -- only about 3,000 jobs, or 0.1% growth -- and probably not enough to stop the county's unemployment rate from rising. The jobless rate was 6.2% in December.
April 22, 1999 |
Visitors to Los Angeles County spent $11.9 billion last year, racking up a 5% year-over-year increase in revenue even as total tourism rates declined because of international economic turmoil, local travel industry officials said Wednesday. Last year marked the seventh straight year tourist spending has grown in the region, according to statistics from the Los Angeles Convention and Visitors Bureau.
April 26, 2000 |
The New Economy may be headquartered in the West, but the nation's wealthiest counties are still concentrated in bastions of old money in the East. In a study released Tuesday, researchers found that 20 of the wealthiest counties, as measured by per-capita income, are east of the Mississippi, mostly on the East Coast. Three Bay Area counties made the top 25, but Southern California was far down the list, according to a survey by the Washington market research firm Woods & Poole Economics.
CALIFORNIA | LOCAL
March 6, 1996 |
After weathering the worst recession since the Depression and enduring massive job losses, Los Angeles County's economy is slowly recovering, even in the hard-hit aerospace industry, the chief economist of a business-backed group said Tuesday. The county economy "has hit bottom" but "is headed in the right direction," Jack Kyser of the Economic Development Corp. of Los Angeles County told the Board of Supervisors. "We think it will keep going in 1996 and 1997 . . .
June 14, 2001 |
Sacre bleu! A weak euro coupled with a healthy Southern California economy helped propel the Golden State past France to rank as the world's fifth-largest economy if it were a separate nation, according to a report released this week. Figures from the Los Angeles County Economic Development Corp. placed the 2000 gross state product at $1.33 trillion, just ahead of France at $1.28 trillion, and behind the United Kingdom at $1.42 trillion. In 1999, France ranked No.