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Beacon Economics provides customized five-year data forecasts for variables including:
    Taxable Sales
    Home Prices & Sales
    Personal Income
    Unemployment

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CONTACT: Sherif Hanna
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Spring 2018

With solid growth throughout the fourth quarter of 2017, the Los Angeles County economy entered 2018 with considerable momentum. In the first few months of this year, the region’s economy saw mild improvements over the fourth quarter of 2017, as job gains pushed the unemployment rate to its lowest level in 11 years. Still, like the state as a whole, slower growth in the County’s labor force constrained employment growth compared to previous years, a pattern that will likely continue throughout 2018. Home prices also continued to increase, raising ever-greater concern about affordability. In the fourth quarter of 2017, home sales edged down from the prior year as higher prices and interest rates led to a cooling in the market. 

LA's Tight Labor Market

Nonfarm employment in Los Angeles County increased by 1.4% between February 2017 and February 2018, reaching a total of 4.47 million workers. During this time, the County’s unemployment rate declined 0.3 percentage points, falling to 4.5%. LA’s job growth fell slightly short of...

 



 

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