Poor Job Outlook

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in case you missed today's jobs story.

Region's jobs outlook is bleak for housing, finance and manufacturing By Muhammed El-Hasan, Staff Writer

The region's economy will hobble along this year and next as job growth continues at a trickle, according to a study to be released today.

Nonfarm employment in Los Angeles County will increase by a modest 0.1 percent, or 2,300 jobs this year, says the midyear forecast by the Los Angeles Economic Development Corp.

The meager growth will worsen the county's job prospects. Unemployment is expected to reach 6.2 percent this year, compared to 5 percent last year, the forecast says.

"It is severely stressed," Jack Kyser, the LAEDC's chief economist, said of the Southern California economy. "There are little bits of good news, but in general it is an economy that is struggling."

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This page contains a single entry by Muhammed El-Hasan published on July 16, 2008 6:50 PM.

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About Biz Waves

Biz Waves is a one-stop Web hub for business news and content from the South Bay region of Los Angeles County and beyond.

The primary contributor is:

Muhammed El-Hasan, a business reporter at the Daily Breeze since 2000, covers aerospace and everything else about business in the South Bay. Muhammed previously reported at the San Bernardino Sun and the community news division of The Orange County Register. He also worked as a researcher in the Jerusalem bureau of the Los Angeles Times in 1996-97. But his career highlight as a young man was driving a forklift at a Gardena company near Hawthorne, where he grew up.

You can email Muhammed at dailybreeze.com

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