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Monday, Jul 4, 2022

Valley Cities Beat State Average in Unemployment Report

November unemployment figures released Friday show the economy in the San Fernando, Santa Clarita and Conejo valleys are doing better than the state average, while the Antelope Valley lags. For Los Angeles County, the unemployment rate dropped to 10.2 percent in November, an improvement from 10.5 percent the previous month and down sharply from 12.1 percent in November last year. The 10.2 percent figure exceeded the state average of 9.8 percent – the first time in more than four years that the state figure was in single digits. Cities in the San Fernando Valley had unemployment figures less than the state average. From lowest to highest, they included La Canada Flintridge at 3.8 percent; Calabasas, 4.5 percent; Burbank, 8 percent; Glendale, 8.6 percent; and San Fernando, 10.1 percent. In the Conejo Valley, the figures were: Hidden Hills, 3.2 percent; Agoura Hills, 4.3 percent; and Westlake Village, 5.3 percent. Santa Clarita reported a 6 percent unemployment rate. Antelope Valley cities both exceeded that state average with Palmdale at 12.2 percent and Lancaster at 13.9 percent.

Joel Russel
Joel Russel
Joel Russell joined the Los Angeles Business Journal in 2006 as a reporter. He transferred to sister publication San Fernando Valley Business Journal in 2012 as managing editor. Since he assumed the position of editor in 2015, the Business Journal has been recognized four times as the best small-circulation tabloid business publication in the country by the Alliance of Area Business Publishers. Previously, he worked as senior editor at Hispanic Business magazine and editor of Business Mexico.

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