Tuesday, January 20, 2009

SoCal to Lose 164,000 Jobs This Year; Are You Among Them?

The U.S. Conference of Mayors' “Metro Unemployment Forecast” is forecasting a loss of 164,100 jobs in Southern California between November 2008 and November 2009 -- worse than any other metropolitan region except for New York.

The Orange County Register (h/t to L.A. Biz Observed) has the details:

SoCal unemployment is expected to hit 9.8% this November, up from 8.7% in November 2008, says the report. (Note: Because Los Angeles dominates the region in population and jobs, it has a major influence on the regional unemployment number. In November, Los Angeles reported unemployment of 8.9% while Orange County’s was 6.1%) Although the SoCal rate will increase, it will still be in the single digits. At least 70 other metro areas are expected to see unemployment top 10%, including Riverside-San Bernardino-Ontario, which is projected to hit 11.6%.

Read the report here. (Graphic above from the OC Register.)

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