LA Unemployment hits 9.9% - LA Times (Brea: unemployment rate, living, cost of living)

[iheartLA]

so that's how they get those figures? thats insane. i've heard a lot of people are getting their unemployment claims denied because the state has no more money. so these guys arent even counted?

it's getting bad.

[marilyn220]

Originally Posted by iheartLA

so that's how they get those figures? thats insane. i've heard a lot of people are getting their unemployment claims denied because the state has no more money. so these guys arent even counted?

it's getting bad.

Where did you hear this?

If this is true, then that's horrible.

[wilczy]

i have many friends in LA that are actors, stuntmen, trainers etc etc. they work for 6 months, then collect unemployment till they get a new gig. how do you think that figures in? that aspect is simply unlike any other state/city etc.

also, la county is massive. extremely diverse in types of labour. people on west side do very different things then people inland. lots of variety out there.

[FinnishAmerican]

Im not worried. Atleast its not as bad as in michigan.

Also, 9,9% aint that bad because LA also consists South central.

[UB50]

One thing I don't see too much of in LA: Stores closing. Now I know some major chains have gone out of business (Circuit City, Linens & Things, Mervyns, etc.) but if you read Google news, you'll see a lot of states are doing worse in the "stores closing" department.

[Charles]

Originally Posted by UB50

One thing I don't see too much of in LA: Stores closing. Now I know some major chains have gone out of business (Circuit City, Linens & Things, Mervyns, etc.) but if you read Google news, you'll see a lot of states are doing worse in the "stores closing" department.

I know this isn't LA, but it is close enough. This thread below sends a powerful message.

An excerpt from

//www.city-data.com/forum/orang...ession-oc.html



Ann Taylor (Westfield MainPlace Santa Ana)
Berean Christian Stores (Fullerton)
Bombay (5 stores)
Busy Body Home Fitness (Tustin & Costa Mesa)
Carino’s Italian Grill (Orange & Lake Forest)
Circuit City (11 stores)
Club Libby Lu (Anaheim)
Demo (4 stores)
El Torito (Mission Viejo Kaleidoscope)
Hilo Hattie (Block at Orange)
It’s a Grind (Mission Viejo & Laguna Hills)
KB Toys (Westminster Mall)
Levitz (5 stores)
Linens N Things (Brea, Mission Viejo, Rancho SM, Costa Mesa, Orange, Tustin, Fullerton)
Longs Drugs (Fullerton)
Macaroni Grill (Costa Mesa)
Mervyns (13 stores in OC)
Plummers (Santa Ana)
Ron Jon’s Surf Shop (Block at Orange)
Sharper Image (Irvine Spectrum, Shops at MV, Mainplace, Fashion Island)
Shoe Pavillion (Tustin, Irvine, Lake Forest, Costa Mesa, Huntington Beach)
Starbucks (10 stores)
Steve & Barry’s (2 stores)
SunCoast Motion Picture Company (Brea)
Virgin Megastore (Block at Orange)
West Coast Furniture (La Habra)
Whitehall Jewelers (Shops at MV, MainPlace, Westminister, and Brea Malls)
Wickes (2 stores)
Wilsons Leather (Brea)
USA Baby Child Space (San Juan Capistrano)

Family Nissan (Rancho Santa Margarita)
Urban Chrysler Jeep Dodge (Foothill Ranch of Lake Forest)
Douglas Hyundai of Irvine (Irvine) (Santa Ana location still open)
GMC Irvine (Irvine)
Saturn Irvine (Irvine)
Lamborghini OC (Santa Ana)
Saturn San Juan (San Juan Capistrano)
Phillips Buick, Pontiac (Laguna Hills)- (Phillips Mazda remains open)

[UB50]

Originally Posted by Charles

I know this isn't LA, but it is close enough. This thread below sends a powerful message.

An excerpt from

//www.city-data.com/forum/orang...ession-oc.html



Ann Taylor (Westfield MainPlace Santa Ana)
Berean Christian Stores (Fullerton)
Bombay (5 stores)
Busy Body Home Fitness (Tustin & Costa Mesa)
Carino’s Italian Grill (Orange & Lake Forest)
Circuit City (11 stores)
Club Libby Lu (Anaheim)
Demo (4 stores)
El Torito (Mission Viejo Kaleidoscope)
Hilo Hattie (Block at Orange)
It’s a Grind (Mission Viejo & Laguna Hills)
KB Toys (Westminster Mall)
Levitz (5 stores)
Linens N Things (Brea, Mission Viejo, Rancho SM, Costa Mesa, Orange, Tustin, Fullerton)
Longs Drugs (Fullerton)
Macaroni Grill (Costa Mesa)
Mervyns (13 stores in OC)
Plummers (Santa Ana)
Ron Jon’s Surf Shop (Block at Orange)
Sharper Image (Irvine Spectrum, Shops at MV, Mainplace, Fashion Island)
Shoe Pavillion (Tustin, Irvine, Lake Forest, Costa Mesa, Huntington Beach)
Starbucks (10 stores)
Steve & Barry’s (2 stores)
SunCoast Motion Picture Company (Brea)
Virgin Megastore (Block at Orange)
West Coast Furniture (La Habra)
Whitehall Jewelers (Shops at MV, MainPlace, Westminister, and Brea Malls)
Wickes (2 stores)
Wilsons Leather (Brea)
USA Baby Child Space (San Juan Capistrano)

Family Nissan (Rancho Santa Margarita)
Urban Chrysler Jeep Dodge (Foothill Ranch of Lake Forest)
Douglas Hyundai of Irvine (Irvine) (Santa Ana location still open)
GMC Irvine (Irvine)
Saturn Irvine (Irvine)
Lamborghini OC (Santa Ana)
Saturn San Juan (San Juan Capistrano)
Phillips Buick, Pontiac (Laguna Hills)- (Phillips Mazda remains open)

Charles,

While that seems like a lot, read here: U.S. Retail Property Market Bracing for a Long Year in 2009 - CoStar Group

From that report:

VACANCY RATES
While the ranking within the 10 markets with the lowest overall retail vacancy has shifted some this quarter, the markets are the same as the previous two quarters, with the exception of Long Island. It is important to note, however, that while these markets remain tight, fourth quarter marked the first measurably noticeable rise in vacancy for all of these markets.



The ranking, based on total vacancy rate: New York City (2.4%), San Francisco (2.6%), South Bay/San Jose (3.6%), San Diego (3.6%), Orange County, CA (3.8%), Los Angeles (3.9%), Washington, D.C. (4.2%), East Bay/Oakland (4.2%), Miami-Dade County, FL (4.3%), and Long Island (4.3%).


<snip>

Eight of the 10 markets with the highest overall retail vacancy rates are the same this quarter as last -- Cincinnati and Columbus dropped off the list, while Phoenix and Birmingham were added. It is important to note that all of the markets in this top 10 recorded a rise in vacancy over the previous quarter.



The ranking, based on total vacancy rate: Detroit (10.6%), Kansas City (10.0%), Indianapolis (9.9%), Memphis (9.8%), Dayton (9.7%), Phoenix (9.3%), Dallas/Ft. Worth (9.1%), Atlanta (9.1%), Houston (9.0%), and Birmingham (8.8%).


So while it seems like OC and LA's retail real estate is suffering from a lot of closures, we are still better off than most areas.

[Cheektowaga_Chester]

Nearly a third of L.A. small businesses plan to hire soon, survey says - latimes.com

[jm1982]

This relatively high unemployment rate makes the people that say "L.A is where the jobs are" look stupid.

It's funny because places that people think of as in the "middle of nowhere" or with nothing going on..can have unemployment rates of under 5%.

The problem is most people don't read or research into places including their own cities.

[yby1]

Originally Posted by Cheektowaga_Chester

Nearly a third of L.A. small businesses plan to hire soon, survey says - latimes.com

Good sign we are headed in the right direction.