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Downey unemployment rate at 8.8%

DOWNEY – The jobless rate in Downey is at 8.8%, according to data released Wednesday by the Economic Development Department.
According to the latest employment figures, 4,700 Downey residents were still without a job as of January 2013.
Downey’s unemployment rate beats the L.A. County average of 10.9% and the Gateway Cities average of 12.3%, but lags behind cities like Cerritos (6%), Whittier (7.8%) and Lakewood (7.1%).
Among cities with a workforce of at least 50,000, Downey’s jobless rate is the lowest.
The upcoming Tierra Luna Marketplace is expected to create some 3,000 jobs when it opens in a few years.
Hundreds of jobs have also been created with the gradual opening of the Downey Gateway food court.

Published: March 28, 2013 – Volume 11 – Issue 50

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