Los Angeles offers a dynamic job market, particularly within key sectors. Recent data highlights the following:
Job Growth:- In 2024, Los Angeles County saw job growth of approximately 1%, adding around 45,000 jobs. This indicates a continuing, though moderating, increase in employment opportunities.
- It's important to note that while this indicates growth, it was slower than the immediate post-pandemic years.
Key Sectors:- Healthcare, leisure services, and professional business services are leading job growth.
- The entertainment industry remains a significant employer.
Unemployment:- As of December 2024, the unemployment rate in Los Angeles was around 6%. It is important to know that unemployment rates vary greatly between demographics within Los Angeles.
The cost of living in Los Angeles, CA is 8% higher the state average and 50% higher the national average.
| Cost of Living in Los Angeles, CA | Compared to State Average | Compared to National Average |
|---|
| Housing (Buy and Rent) | 20% higher | 137% higher |
| Utilities (Monthly) | 9% lower | 12% higher |
| Food | 2% lower | 12% higher |
| Healthcare | 1% lower | 7% higher |
| Transportation | 1% lower | 29% higher |
| Goods & Services | 6% higher | 17% higher |
More data and info at
Rentcafe Los Angeles