Los Angeles is the largest city in the state of California by population, and the second most populous city in the United States. Often abbreviated as L.A., it is an alpha world city having an estimated population of over 3.8 million people and spanning 469.1 square miles.
The Los Angeles, Long Beach, Santa Ana metropolitan area is the estimated home to nearly 13 million people. The Greater Los Angeles Area, encompassing a larger area of five counties, has an estimated 17.7 million people. Los Angeles is the county seat of Los Angeles County and its inhabitants are sometimes referred to as Angelenos.
The economy of Los Angeles employment is driven by international trade, entertainment, aerospace, technology, petroleum, fashion, apparel, and tourism. Los Angeles is also the largest manufacturing center in the United States. With such a major population center residing in a single area, there is great risk on an employment level to maintain all the industry trades.
The contiguous ports of Los Angeles and Long Beach together comprise the most significant port in North America and one of the most important ports in the world, and they are vital to trade within the Pacific Rim. Other companies headquartered in Los Angeles include Twentieth Century Fox, Latham and Watkins, Univision, Metro Interactive, LLC, Premier America, CB Richard Ellis, Gibson, Dunn and Crutcher LLP, Guess, OMelveny and Myers LLP, Paul, Hastings, Janofsky and Walker LLP, Tokyopop, The Jim Henson Company, Paramount Pictures, Robinsons May, Sunkist, Fox Sports Net, Capital Group, Health Net, Inc., 21st century Insurance, L.E.K. Consulting, and The Coffee Bean & Tea Leaf.
Los Angeles Employment factor are governed by several key themes emerging out of the mist of varied investigations. The most overtly articulated theme is that of L.A. as a post Fordist and postmodern global city. Fordist mass production was rooted in dedicated assembly lines and vertically integrated production systems feeding off increasing internal economies of scale, which Is further characterized by more flexible versus hierarchical production systems located in transactions intensive clusterings of predominately small and middle sized firms intertwined to achieve increasing external economies of scope through complex subcontracting arrangements, improved inventory control, the use of numerically controlled, or computerized machinery, and other techniques that allow for easier responses to market signals thereby strengthening the Los Angeles employment scale.
Overall unemployment levels throughout the Los Angeles area has been relatively high compared to other major metropolitan regions throughout the United States. However these rates have been characteristically high throughout.
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