Los Angeles Business Journal

Survey: Local Employment Prospects Weakening

By Howard Fine Originally published September 11, 2012 at 9:25 a.m., updated September 11, 2012 at midnight

The jobs picture for Los Angeles is weakening, according to a survey released Tuesday from Manpower Group.

Thirteen percent of companies surveyed said they intend to cut staff during the fourth quarter. That’s up sharply from 5 percent in the third quarter, though it’s the same level as in the fourth quarter of 2011.

Meanwhile, 17 percent of firms queried in Los Angeles and Orange counties said they intend to increase staffing levels during the fourth quarter. That’s the same as in the third quarter, though up slightly from fourth quarter of 2011.

According to Manpower’s calculations, the increase in companies planning layoffs means the outlook isn’t as good as it has been.

“Employment prospects are trending weaker compared to the third quarter,” said Manpower spokesman Frank Armendariz.

Seventy percent of companies said they would maintain current staffing levels during the fourth quarter.

The survey said the hottest areas for hiring in the fourth quarter include non-durable goods manufacturing, information (including motion pictures), financial activities and professional and business services. Employers in construction and government plan to reduce payrolls.