The UCLA Anderson Forecast Los Angeles City Monthly Emplyoment Estimate has been developed by UCLA Anderson Forecast to provide a more accurate assessment of municipal-level employment and payroll figures than currently available. The California Economic Development Department EDD currently releases employment data for the city level, but these data are estimated based on Bureau of Labor Statistics at the county level with a fixed ratio between city and county according to the 2000 Census. (That is, EDD assumes that ratios of household employment and unemployment from City to County are unchanged since 2000.)
To estimate payroll employment for the City, UCLA Anderson Forecast examines the dynamic relationship of BLS Current Employment Statistics and Quarterly Census of Employment and Wages data over time between City and County and adopts an appropriate weighted moving average method to reduce the measurement error. To estimate household employment and labor force of the City, UCLA Anderson Forecast examines and uses the dynamic relationship from BLS's Current Population Survey and American Community Survey data over time between the City and County.
