Unemployment rate in Los Angeles County jumped to 7%

Los Angeles County, California – According to new estimates from the California Employment Development Department, the seasonally adjusted unemployment rate in Los Angeles County jumped to 7% in January from 6.8% in December 2021.

The 7 percent rate is lower than the 10.9 percent rate recorded during the COVID-19 pandemic in January 2021.

Across the state, the seasonally adjusted unemployment rate in January was 5.8 percent, down from the rate of 8.8 percent in January of the previous year. For this January, the comparable estimates for the whole country were 4 percent.

Between December 2021 and January 2022, the number of nonfarm jobs in Los Angeles County dropped by 75,100, according to the EDD. This brought the total number of nonfarm jobs in the county to about 4.40 million.

The number of jobs in professional and business services fell by 19,000, which accounted for more than a quarter of all nonfarm job losses.