Sierra Madre – Foothill Retail Corridor

Sierra Madre

Local Focus – Los Angeles County Closures and Layoffs

Ken / Altadena, Arcadia, Azusa, Bradbury, Claremont, Duarte, Glendora, La Verne, Local Focus, Monrovia, Pasadena, San Dimas, Sierra Madre / closures, commercial real estate, CRE, Foothill Retail, job loss, Ken Rhinehart, layoffs, Los Angeles County /

April 7, 2011

This month’s entry focuses on the closures and layoffs of just Los Angeles County, rather than including nearby areas such as Chino or neighboring Orange County cities, simply because the list is growing too large.

What I find interesting in this list is the number of medical jobs being eliminated (City of Hope 185 employees and Antelope Valley Hospital 45 employees). Supposedly medical jobs are one of the growth industries. Not surprising, aerospace is taking another hit, with Ball (120), JPL (33) and Northrup (75) eliminating a total of 228 positions. With budget cutbacks and aerospace moving out of California, I think this trend will continue.

Company	Address	Closure or Layoff	No. Impacted	Impact Date
City of Hope Medical Group (CCSMG)	1500 E. Duarte Rd., Duarte	Closure	185	3/1/11
Disney Interactive Studios	521 Circle Seven Dr., Glendale	Layoff	54	3/25/11
Dunn Edwards Corp.	3525 Garfield Ave., & 4925 E. 52nd Place, Vernon	Closure	127	3/31/11
Pactiv Corp.	14505 Proctor Ave., City of Industry	Closure	76	3/31/11
Spoonful Management	643 N. La Cienega, Los Angeles	Closure	69	3/29/11
Ball Corp.	500 Crenshaw Blvd.	Closure	120	9/30/11
The Bicycle Casino	7301 Eastern Ave., Bell	Layoff	99	5/7/11
Antelope Valley Hospital	1600 West Avenue J, Lancaster	Layoff	45	4/11/11
Southwire Co.	2630 E. El Presidio St., Long Beach	Closure	21	4/29/11
Howrey	550 S. Hope St., Los Angeles	Closure	70	5/9/11
The Regency	10900 Wilshire Blvd., Suite 1700, Los Angeles	Closure	52	4/26/11
Jet Propulsion Laboratory (JPL)	4800 Oak Grove Dr., Pasadena	Layoff	33	4/24/11
HSBC Processing Services	931 Corporate Center Dr., Pomona	Closure	153	4/3/11
Northrop Grumman Corp. (Aerospace Systems)	One Space Park, Redondo Beach	Layoff	75	5/1/11

Local Focus – July 2010 Monthly Labor Force Statistics

Ken / Altadena, Arcadia, Azusa, Bradbury, Claremont, Duarte, Glendora, La Verne, Local Focus, Monrovia, Pasadena, San Dimas, Sierra Madre / Altadena, Arcadia, Azusa, Bradbury, Claremont, commercial real estate, Duarte, economy, employment, Glendora, Ken Rhinehart, La Verne, Monrovia, Pasadena, San Dimas, Sierra Madre /

August 26, 2010

In my previous post I listed Los Angeles regional closures and layoffs. While that post indicates a Los Angeles region that is still suffering major job losses, a closer look at the cities that comprise the Foothill Retail Corridor (“FRC”) presents a healthier job situation overall, but with a wide disparity within the FRC communities.

Comparatively, the FRC has a lower unemployment rate (9.3%) than Los Angeles County (13.4%) and California (12.8%), but is closer to the national average of 9.7%. However, the cities that comprise the FRC range from a very low 4.1% in Sierra Madre to a high of 14.5% in Azusa.

Please note that these numbers are from the government and they may not add due to rounding. And, I have no idea how the city of Bradbury can have an employment base of 500 with all 500 employed and still achieve an unemployment rate of 8.1%! As they say, close enough for government work.

Monthly Labor Force Data - July 2010

Monthly Labor Force Data for Cities and Census Designated Places (CDP)
July 2010 - Preliminary
Data Not Seasonally Adjusted

Area Name	Labor Force	Employment	Unemployment Number	Unemployment Rate
Source: California Economic Development Department
Altadena CDP	23,800	21,500	2,200	9.4%
Arcadia city	27,500	25,300	2,100	7.7%
Azusa city	21,500	18,400	3,100	14.5%
Bradbury city	500	500	0	8.1%
Duarte city	11,300	10,300	1,100	9.4%
East Pasadena CDP	3,200	2,900	300	9.2%
Glendora city	27,500	25,600	1,900	7.0%
La Verne city	18,100	16,700	1,400	7.8%
Monrovia city	20,600	18,200	2,400	11.8%
Pasadena city	75,600	67,900	7,800	10.3%
San Dimas city	19,800	18,200	1,600	7.9%
Sierra Madre city	6,700	6,500	300	4.1%
FRC Total	272,300	247,000	25,300	9.3%

Los Angeles County	4,906,300	4,251,200	655,100	13.4%
California	18,370,000	16,026,000	2,344,444	12.8%
United States	155,270,000	140,134,000	15,137,000	9.7%

CDP is “Census Designated Place” – a recognized community that was unincorporated at the time of the 2000 Census.

Source: California Economic Development Department