November 18, 2010, 10:57 am
Although this list of closures and layoffs may not include cities in the Foothill Retail Corridor, nonetheless, they are an indication of the economic climate in the region.
| Company | Address | Closure or Layoff | No. Impacted | Impact Date |
| Claim Jumper | 24301 Crenshaw Blvd, Torrance, CA | Closure | 85 | 12/11/2010 |
| Claim Jumper | 18061 Gale Ave., City of Industry, CA | Closure | 73 | 12/11/2010 |
| Claim Jumper | 3935 Alton Parkway, Irvine, CA | Closure | 67 | 12/11/2010 |
| Crystal Stairs Inc. | 5110 W. Goldleaf Circle, Suite 150, Los Angeles, CA | Layoff | 259 | 12/13/2010 |
| HMSHost | 201 World Way, Los Angeles, CA | Layoff | 895 | 12/31/2010 |
| HSBC Processing Services | 931 Corporate Center Drive, Ponoma, CA | Closure | 100 | 12/5/2010 |
August 26, 2010, 10:46 am
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
Tags:
Altadena,
Arcadia,
Azusa,
Bradbury,
Claremont,
commercial real estate,
Duarte,
economy,
employment,
Glendora,
Ken Rhinehart,
La Verne,
Monrovia,
Pasadena,
San Dimas,
Sierra Madre Category:
Altadena,
Arcadia,
Azusa,
Bradbury,
Claremont,
Duarte,
Glendora,
La Verne,
Local Focus,
Monrovia,
Pasadena,
San Dimas,
Sierra Madre |
Comment
My Latest Tweets - @FoothillRC
