Los Angeles Stats

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Month: June 2017

California is the 3rd Most Expensive State to Drive

The cost of driving a car in one state compared to another can differ by more than $2,000 a year. In states where accidents are prevalent, insurance rates are often higher. In western states, gas prices tend to be higher. And in states with bad road conditions, vehicles require more frequent repairs. All these factors […]

Why California’s Economy is Better Than Most States

Is your state a drag on the American economy or a boon? The 50 states — as diverse as they are — each contribute something to the U.S. economy. Because of their diversity, state economies rarely trend in unison. GDP growth is often the default measure for economic strength, but it often fails to tell […]

Los Angeles County Among the Least Affordable Housing Markets in America

In the wake of the subprime mortgage crisis, housing became much more affordable as prices dropped. Since peaking in 2012, however, affordability has rapidly declined. Inventory of for-sale homes fell faster in May than it has in years, and home prices have risen substantially in turn. Homeownership in the United States has declined in recent […]

Apple is the Largest Company in California

The United States is home to some of the largest global companies. Of the world’s 50 largest public companies by revenue, 21 are based in the United States, including five of the top 10. Many of the largest American companies are headquartered in the country’s major economic capitals, including New York, Los Angeles, Detroit, Dallas, […]

Gender Pay Gap Not as Large in Los Angeles

The gender pay gap has narrowed substantially since the Equal Pay Act was signed in 1963. Still, the typical woman working full time in the United States earns $40,022 a year — or only about 80% of the median annual income for men working full time of $50,119. A study conducted by the Pew Research […]

Los Angeles Unemployment Rate On Par With Nation

Nationwide, 4.4% of the American labor force is unemployed, a large improvement from the recessionary unemployment peak of 9.9% in 2010. In the Los Angeles-Long Beach-Anaheim metro area, the unemployment rate of 4.4% is roughly similar to the national figure and far lower than the city’s recessionary peak unemployment rate of 11.8%. The industry composition […]

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