MANUFACTURERS AMONG LEADERS IN LOST JOBS IN LOS ANGELES COUNTY
Figures released by the California Employment Development Department (EDD) show that 79,300 jobs were lost by the state in January 2009, leading to an unemployment rate of 10.1% statewide. The total unemployed statewide are reported at 1,863,000 people.
Los Angeles County, saw its’ unemployment rate jump to 10.5% in January from 9.2% in December. And, the experts are not optimistic for all of 2009.
Economist Jack Keyser, of the Los Angeles County Economic Development Corporation reported his group is expecting LA County will lose an additional 89,000 jobs in 2009 and he suggests unemployment could exceed 10.5% before the year is ended.
Los Angeles county, according to the figures lost a net 41,900 last year, and nearly all of them – almost 41,000 – were in retail, manufacturing and construction. In January, 2009 retail lost 15,100 jobs, manufacturing lost 6,800 jobs and construction, which has been spiraling downward for more than a year, lost another 4,800 jobs.
“If those selling goods are having a hard time staying employed so are the people who make the goods,” according to the Los Angeles Times.”Manufacturing took the second largest hit of any sector in 2008, shredding 13,100 jobs.”
“The losses were felt across the board, by metal workers, furniture makers and aerospace manufacturers alike. Boeing Co, in Long Beach eliminated at least 68 positions last year, with more expected in 2009,” the Times reported. “The airplane manufacturer said it would cut 10,000 jobs, or 6% of its workforce.
“The losses continued into the new year when Superior Industries International, which makes aluminum wheels for the auto industry, announced January 13, it would close its’ Van Nuys plant. The move eliminated 290 jobs and is expected to save the company $16.5 million per year in labor costs,” the LA Times said.
Trade, transportation and utilities, which includes retail lost the most number of jobs between January, 2008 and January, 2009 dropping 39,900 jobs.
The second largest decline that year was manufacturing, losing 26,500 jobs. Both
durable goods (down 13,500) and non-durable goods (down 13,000) attributed to the
drop within manufacturing, the EDD reported.
“While dwindling consumer demand contributed to many of the layoffs, additional manufacturing jobs were lost to outsourcing and to new technology that reduces the need for workers. There are 29% fewer workers in manufacturing in Los Angeles County today than there were in 2008,” the Times reported
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