Business Immo, the real estate website

Greater Los Angeles : Office - Q4 2016

Published on

A research produced by

Greater Los Angeles : Office - Q4 2016

Los Angeles continues on a steady employment growth path, which looks certain to continue. In fourth quarter 2016, the county’s nonfarm employment increased by 65,300 jobs for a 1.5% annual growth. The educational and health services sector posted the largest gain with the
addition of 21,200 jobs while the financial and professional & business services sectors added a combined total of 11,500 jobs. The outlook for the U.S. and the local economy remains positive as we enter a new era of fiscal and monetary policy. The labor market will tighten and wage growth will begin as the unemployment rate continues to fall. According to the LA EDC, county employment is projected to grow at an average annual rate of 1.5% over the next five years.

Source : Cushman & Wakefield

This research is available only to BI or BIE subscribers

Please log in, or contact us to find out how to subscribe