Performance Measures
The LAEDC is committed to reporting on the progress and results of the goals outlined in the Strategic Plan. Data on key measures that indicate the pulse of the County are listed in this section. In most cases, historical data is provided to provide context for current and future data. Data will be updated as it becomes available.
L.A. County Economic Measures
| Measure | Current reading | Previous reading | Change | |
|---|---|---|---|---|
|
12.2% |
12.6% |
-0.4 pp |
|
|
12.6% |
11.5% |
+1.1 pp |
|
|
$52,175 |
$51,580 |
+0.6% |
Monthly Unemployment Rates
The unemployment rate is one of the most important indicators used to describe the condition of the economy because it tracks the share of the labor force that is currently unemployed and actively looking for work. A decline in the monthly unemployment rate normally means that more unemployed people are finding jobs, which can signal an improving job market.
Annual Unemployment Rates
The unemployment rate is one of the most important indicators used to describe the condition of the economy because it tracks the share of the labor force that is currently unemployed and actively looking for work. The sharp rise in the annual unemployment rate reflects the deterioration of the employment picture during the recent economic downturn.
Per Capita Real GDP
Gross domestic product (GDP) measures the size of the economy: it is the total value of the goods and services produced locally during the year. An increase in GDP means the economy is growing. To avoid distortions caused by inflation and population growth, we track the real (inflation-adjusted), per capita (per person) GDP.
