San Fernando Valley Business Journal

Unemployment Falls in Valley Cities

By Joel Russell Friday, April 19, 2013

The jobs outlook in the greater San Fernando Valley showed some improvement in March as employers added 23,700 jobs countywide, according to state figures released Friday.

The job growth helped drive down the L.A. County unemployment rate by one tenth of a point to 10.2 percent, though some of the improvement was likely due to job seekers giving up the search for work.

Lancaster had the biggest one-month drop in unemployment at nearly 3 percentage points. The Antelope Valley city had an unemployment rate of 14 percent in March compared to 16.8 percent in February, according to the state Employment Development Department figures.

Other cities with major one-month drops included Palmdale at 12.3 percent, down from 14.9 percent; Burbank at 8 percent, down from 9.8 percent; and Glendale at 9.3 percent, down from 10.5 percent.

Los Angeles reported unemployment of 11 percent in March, compared to 13.3 percent in the prior month.

The biggest job gains came from the motion picture industry, which added 9,600 jobs. Professional and business service firms added 6,500 jobs, with more than half of those related to tax accounting work.

Statewide, the unemployment rate fell two tenths of a point to 9.6 percent, but that is still two full points higher than the national average of 7.6 percent.