Santa Monica Lookout
|Unemployment Rate in Santa Monica below State, County|
By Jonathan Friedman
September 28, 2015 -- Santa Monica’s unemployment rate was at 5.9 percent in August, down from 6.4 percent in July and 6.3 percent in both June and May, according to the California Employment Development Department (EDD).
The August mark for Santa Monica was above the national rate of 5.1 percent, but below the rate for Los Angeles County (7.0 percent) and California (6.1 percent).
There were 3,300 people designated as unemployed in Santa Monica during August, which the EDD’s website says “includes those individuals who were not working, but were able, available and actively looking for work.”
A city’s unemployment rate is based upon the people who live there, regardless of where they work.
Although Santa Monica’s unemployment rate went down from July to August, there were 200 more people working in the earlier month (52,900 in July and 52,700 in August). There were also 300 more unemployed people in July (3,600) than there were in August (3,300).
Santa Monica’s August unemployment rate was a big drop from last August’s 7.3 percent.
The August rate has significantly dropped each year since at least 2010. The August rates were 8.5 percent 2013, 9.5 percent in 2012, 11.0 percent in 2011 and 11.2 percent in 2010.
The city’s unemployment rate has fluctuated throughout the year. The EDD does not make seasonal adjustments for the data. The rates this year were:
Santa Monica was ranked in a tie for 55th on the list of Los Angeles County’s 124 cities and unincorporated census-designated areas, with No. 1 having the lowest rate.
Los Angeles County’s highest unemployment rate was in the census-designated area of Val Verde with 13.4 percent. The city with the highest unemployment rate was Compton with 10.8 percent.
The city of Palos Verdes Estates had the county’s lowest unemployment rate with 1.1 percent.
Other unemployment rates in the county of note were the city of Los Angeles with 7.4 percent, Malibu with 4 percent, Burbank with 5.7 percent, Bell with 9.4 percent, Manhattan Beach with 2.9 percent, Long Beach with 7.6 percent and Redondo Beach with 4.3 percent.
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