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Greater Los Angeles : Office - Q3 2016

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Greater Los Angeles : Office - Q3 2016

In the last twelve months, Los Angeles County added 73,900 new jobs for a 1.7% annual growth. The seasonally adjusted unemployment rate declined to 4.9% in August, from 6.4% one year ago. The educational and health services sector posted the largest gain with the addition of 22,800 jobs. Professional and business services increased by 18,600 jobs. Annual employment growth also posted in the information (5,600), financial activities (5,100) and government (4,600) sectors. LA County has steadily improved over the past four years and is expected to continue improving through the remainder of the year and in 2017, albeit at a slower pace.

Source : Cushman & Wakefield

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