San Gabriel Valley Economic News – “Los Angeles County’s jobless rate for March remained unchanged at 8.7 percent. That still landed well below the year-ago rate of 10.1 percent, the state Employment Development Department reported.. …
San Gabriel Valley Economy:
Jobs Were Added, But Unemployment Rate Steady
The Good News Is That Every Sector Is Adding Jobs
Since economic conditions create the market conditions we see in our local real estate market, Costa Real Estate Digest will at times supply information that deals with the economy in a “raw” manner … not particularly focused on real estate, but looking at the Southern California economy in a more general way.
With this in mind, today we’ll take a look at some new figures that are indicative of what’s going on in our area economically.
Several reports have been released recently … from the Bureau of Labor Statistics, Beacon Economics and other statistical outlets, and they are discussed here in a comprehensive article by Kevin Smith that just appeared in the San Gabriel Valley Tribune:
Unemployment rates hold steady; jobs added in Southern California, state – San Gabriel Valley Tribune
http://www.sgvtribune.com Sat, 19 Apr 2014 01:53:12 GMT
“The main thing to note for the L.A. County economy is that we’re generally seeing every sector adding jobs,” said Robert Kleinhenz, chief economist for the Los Angeles County Economic Development Corp. “We continue to see some problems with job counts in financial services, insurance and manufacturing, but the overall picture is one where we can say we’re closing that gap from where we need to be and where we are right now.” …
Overall Direction Is Basically Good News
As you can see in the article, there is good news and bad news as well. These things do work in tandem, though, to create an overall trend. The bottom line is that basically the economy is moving in the right direction, which bodes well for the Southern California real estate market and the San Gabriel Valley area in general.