San Fernando Valley Business Journal

Unemployment Rate Falls in Valley-Area Cities

By Joel Russell Friday, May 17, 2013

Cities in the greater San Fernando Valley reported significant drops in their April unemployment rates as the California economy picked up, and state and county unemployment fell to its lowest point since 2008.

Among area cities, Glendale reported the biggest drop, with its unemployment rate falling to.1 percent in April from 9.3 percent a month earlier.

Lancaster’s rate fell to 13.1 percent, down from 14 percent in March; Palmdale came in at 11.6 percent, compared to 12.3 in March; and Burbank’s rate fell to 7.5 percent compared to 8 percent in March. The Los Angeles rate fell to 10.3 percent compared to 11 percent in March.

The seasonally adjusted unemployment rate in the county decreased to 9.9 percent, down from 10.2 percent in March. It marked the first time the rate fell below 10 percent since December 2008.

The state rate dropped from 9.4 percent to 9 percent, the lowest since November 2008.

The county added a total of 18,000 jobs. Industries adding the most jobs were retail (1,800 jobs), entertainment and recreation (1,600) and residential construction (1,500). Information management and government reported the largest losses, shedding 3,700 and 3,300 jobs respectively.

Even with the improving jobs picture, California’s unemployment rate is still higher than the national average of 7.5 percent in April.