Quote:
Originally Posted by ChicagoChicago
I've already answered this in another question, but LA county is not encompassing LA's full metro, including parts of Orange county. That said, I was probably (our current unemployment rate is not available yet) wrong in the assesment of the UE, but that isn't a assessment of the full economy.
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True, but LA County accounts for almost 10 million people of the LA metro area. The O.C. has about 3 million, so even if they were at 0% unemployment it would only drop the combined OC/LA Counties to 8%. And while OC isn't at 10.5% unemployment, it ain't at 0% unemployment either. For December, O.C. was at 6.5%, and based on how LAC and CA in general did, I'd guess they were pushing 7% in January.
It's not a measure of the full economy, but it is definitely significant.
EDIT: Found LA Metro figure for December - 9.5% -
here