Poor Job Outlook
in case you missed today's jobs story.
Region's jobs outlook is bleak for housing, finance and manufacturing By Muhammed El-Hasan, Staff WriterThe 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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