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Old 11-01-2011, 05:54 PM
 
1,212 posts, read 1,380,832 times
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I know that DC area has half the unemployment rate as LA, but is the economy really that bad and are layoffs still common in LA? Even for well qualified professionals (MBA, Engineer etc.)? Or is it mainly because of the large illegal population of LA that get counted in the Unemployment numbers? How is the job market in LA vs. SF? I wanted to get the views of locals.
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Old 11-01-2011, 05:58 PM
 
Location: Armsanta Sorad
5,650 posts, read 7,202,403 times
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It is so bad, the job market is so competitive.
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Old 11-01-2011, 07:00 PM
 
Location: Los Angeles, CA
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Depends on the industry, I am a tech worker (programmer/tech management) and I have never had trouble finding work in LA or SoCal in general. Accounting is strong as well. Networking is a must, but anyone concerned with their career should be networking regardless of the economy.

In bad economic times it pays to be involved with an industry that is necessary regardless of the conditions. If you are interested in something which is expendable then more power to you, but good luck it could be a bumpy ride.
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Old 11-01-2011, 07:18 PM
 
1,017 posts, read 2,220,696 times
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Quote:
Originally Posted by analyze_this View Post
I know that DC area has half the unemployment rate as LA, but is the economy really that bad and are layoffs still common in LA? Even for well qualified professionals (MBA, Engineer etc.)? Or is it mainly because of the large illegal population of LA that get counted in the Unemployment numbers? How is the job market in LA vs. SF? I wanted to get the views of locals.

It has an unemployment rate of over 13%......what do you think?
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Old 11-01-2011, 07:22 PM
 
Location: South Bay
7,159 posts, read 19,879,175 times
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Quote:
Originally Posted by hockfan86 View Post
Depends on the industry, I am a tech worker (programmer/tech management) and I have never had trouble finding work in LA or SoCal in general. Accounting is strong as well. Networking is a must, but anyone concerned with their career should be networking regardless of the economy.

In bad economic times it pays to be involved with an industry that is necessary regardless of the conditions. If you are interested in something which is expendable then more power to you, but good luck it could be a bumpy ride.
i'm with you. if you are educated and/or experienced in a high demand industry (enterainment, tech, logistics, accounting, etc...) then the economy isn't as bad as the numbers say. everyone i know with a college degree has a full time job. some of those people had trouble finding jobs, but they are currently employed.
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Old 11-01-2011, 10:17 PM
 
Location: Los Angeles, CA
215 posts, read 441,283 times
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Originally Posted by BRinSM View Post
i'm with you. if you are educated and/or experienced in a high demand industry (enterainment, tech, logistics, accounting, etc...) then the economy isn't as bad as the numbers say. everyone i know with a college degree has a full time job. some of those people had trouble finding jobs, but they are currently employed.
Yeah and I luckily somehow got a job in the entertainment industry in a technical position. I definitely didn't deserve it lol it just kind of happened. All of my friends from college are employed as well, it is harder to get a job in this economy but certain factors can make it exponentially easier.
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Old 11-01-2011, 10:51 PM
 
Location: San Antonio TX
381 posts, read 692,289 times
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If you have a small business, stay away from Cali. They are the worst, with all their crazy regulations thanks to the environmental freaks. I'm all for protecting the environment, but there are so many taxes and regulations in that place that there's a mass exodus from Cali from the people that really create jobs. Talk about killing the middle class. But they still keep electing the same people that I wouldn't trust to run a lemonade stand. Go figure.
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Old 11-01-2011, 11:22 PM
 
Location: Los Angeles, CA
215 posts, read 441,283 times
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^^^I agree with you there.
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Old 11-01-2011, 11:32 PM
 
497 posts, read 1,357,127 times
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Quote:
Originally Posted by en28so View Post
If you have a small business, stay away from Cali. They are the worst, with all their crazy regulations thanks to the environmental freaks. I'm all for protecting the environment, but there are so many taxes and regulations in that place that there's a mass exodus from Cali from the people that really create jobs. Talk about killing the middle class. But they still keep electing the same people that I wouldn't trust to run a lemonade stand. Go figure.
Depends on the business...there are a lot of people here.
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Old 11-02-2011, 04:11 PM
 
Location: 10110001010110100
6,441 posts, read 11,203,767 times
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Quote:
Originally Posted by jacobwilliam77 View Post
It has an unemployment rate of over 13%......what do you think?
Once the unemployment goes above a number that many considers acceptable, say 5%, the officials admit to a much lower figure than what the actual unemployment rate is. I would say, realistically, you would have to add another 20%-30% (at least) to what the authorities states as the "official" rate is.
Problem during recession is not that there is no need of hiring but that the employers are holding back on hiring, like they don't need to. Layoffs can occur even during mergers but to have such low number of new positions clearly validates employers frozen their hiring.

Another sad fact is, I believe at least 1/3 of the posted ads are fake. Even those posted by reputable, known companies. They place the ad but either never hire or only hire from within, quite a few companies do that for various reasons and couple of recruiters I know confirmed this. So, it is not quite easy to get an accurate number on the actual "new" positions or hiring each month.

As, hockfan said, networking is at utmost importance especially when the job market is slow and stale. It is now what you know or what degree you have but who you know and who you can use to assist you in connecting you with the right people (hiring managers or executives with right pull). In today's market and society, anyone and everyone can potentially be a (job) recruiter.
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