Economic Profile - City of Cerritos

Unemployment—Cerritos and Surrounding CitiesUnemploymentAccording to the California Employment Development Department, the unemployment rate among Cerritosresidents in March 2010 was approximately 6.7%, which is the lowest unemployment rate among surroundingcities. Lakewood has the second lowest unemployment rate at 8%. In addition, the Cerritos unemploymentrate is lower than Los Angeles County (12.3%), Orange County (10.1%) and the State of California (13%). Incomparison to cities with similar size and/or demographics within the region, Cerritos also has one of thelowest unemployment rates. The City of Arcadia has a similar unemployment rate at 7.1%. In a regionalcomparison, Glendora has the lowest unemployment rate at 6.4% and Paramount has the highestunemployment rate at 17.8%.Unemployment: Cerritos and Neighboring CitiesMarch 2009 March 20100.0% 2.0% 4.0% 6.0% 8.0% 10.0% 12.0% 14.0%CerritosArtesiaBellflow erBuena ParkCypressLa PalmaLakew oodNorw alkLos Angeles CountyOrange CountyState of California6.0%6.7%7.1%7.9%8.6%8.8%9.2%8.0%8.3%11.1%12.5%10.3%12.5%10.6%11.1%11.6%13.0%11.0%12.3%10.1%11.0%13.0%Unemployment: Cerritos and Regional Comparison CitiesMarch 2009 March 20100.0% 2.0% 4.0% 6.0% 8.0% 10.0% 12.0% 14.0% 16.0% 18.0% 20.0%CerritosArcadiaDiamond BarFountain ValleyGlendoraLa MiradaParamountPlacentiaRosemead6.0%6.7%6.3%7.1%7.8%8.8%6.9%8.4%5.7%6.4%6.7%7.5%7.4%9.0%9.7%10.8%16.0%17.8%Source: California Employment Development DepartmentCerritos Economic Profile - Spring 201018