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BUSINESS
By Zain Shauk | January 18, 2010
Demand for job training and counseling from the Verdugo Workforce Investment Board has continued to soar as unemployment rates remain around 10%, surpassing the organization’s expectations for the year with six months to go in its fiscal calendar, officials said Thursday. The board, which services job-seekers in Glendale and Burbank through the Verdugo Jobs Center, has coped with the record growth in visitors by using federal stimulus funds to add support staff and fund additional training programs.
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BUSINESS
By Zain Shauk | March 10, 2010
Demand for health services is rising at area hospitals, a trend that is likely to continue and increase the need for workers in the industry, according to a report from the Verdugo Workforce Investment Board. Health care is the second-largest industry in Burbank and Glendale, employing about 24,000 workers at area hospitals and clinics, according to the report. The entertainment industry, which accounts for the employment of about 50,000 area workers, generates the majority of the region’s economic activity, according to the board.
BUSINESS
By Zain Shauk | March 13, 2010
Unemployment rates surged in Burbank and Glendale in January, according to a report released Wednesday by the California Economic Development Department. The jobless rate in Glendale was 11.5% in January, up from 10.5% in December, and was 10.7% in Burbank, up from 9.8% in a month ago, according to the department’s estimates. The changes are likely a result of seasonal employment shifts after the holiday season, although job losses in the entertainment industry and other sectors may reflect challenges for the local economy, experts said.
BUSINESS
By Max Zimbert | March 27, 2010
GLENDALE — Unemployment rates in Glendale and Burbank last month dropped by 0.8% and 0.7%, respectively, according to figures released Friday, but experts were cautious about drawing any long-term conclusions. Glendale’s unemployment rate is 10.8%, with Burbank at 10%, according to monthly labor data released by the California Employment Development Department. The data was not seasonally adjusted, which means it did not account for variables that affect employment, such as temporary jobs.
BUSINESS
By Zain Shauk | March 17, 2010
The Walt Disney Co. and its employees could be in for a strong year, as the Burbank media giant plans to release sequels for two juggernaut franchises and anticipates economic recovery to help it rebound from disappointing results in 2009, experts said. Disney President and Chief Executive Bob Iger, at the company’s annual shareholder meeting in San Antonio this week, offered an optimistic take on the company’s recent strategic moves to emerge from the recession in stride.
NEWS
By Zain Shauk | August 3, 2009
Burbank-based Walt Disney Co. announced late Thursday that its third-quarter earnings were down 26% from a year ago, in the latest news of declining profits for local entertainment industry giants. AOL Time Warner, the parent company of Burbank-based Warner Bros., reported third-quarter revenue drops Wednesday of 9% for its filmed entertainment division. The companies suffered from multimillion-dollar losses from falling DVD sales, box office figures and advertising revenues.
NEWS
By Jason Wells | December 21, 2009
DOWNTOWN — A recovering film industry helped tamp down local unemployment rates in November, pushing the mark back toward single-digit territory, according to state figures released Friday. The unemployment rate in Glendale slid to 10.6% last month, down from 11% in October. In Burbank, the jobless rate fell to 9.9% from 10.3% over the same period, according to the state Economic Development Department. Labor market specialists attributed the gains to continued strong activity in the film industry, which continues to buoy back from the 100-day Writers Guild strike in 2007.
BUSINESS
By Zain Shauk | October 24, 2009
There hasn?t been much job growth in any industry lately, but high-tech firms are an exception, and area officials have been quietly battling to get more of those expanding companies to move to Glendale and Burbank. Burbank is toying with the idea of offering incentives to high-tech companies that move to town. Glendale has began posting banner ads on industry websites and is in the process of creating a broader marketing effort to firms in the sector, officials said. Officials for both cities said they believe they are well-suited for the businesses that they expect would not only create jobs, but add to the presence of companies like Yahoo and Yellowpages.
NEWS
By Zain Shauk | October 2, 2009
SOUTH GLENDALE — Demand for career advice has skyrocketed at the Verdugo Jobs Center, more than doubling from last year’s stream of about 4,000 monthly out-of-work visitors, the Verdugo Workforce Investment Board reported Tuesday. The board oversees the center, which offers career training and counseling to job seekers, said Don Nakamoto, labor market analyst for the board. It now offers its free services to between 9,000 and 10,000 visitors monthly, he said. “I think because of what’s happened to the economy and how certain areas of the economy have just been devastated, and how their outlook has not been positive, either in the short term or the long term, a lot of people are coming in and hoping that they can just get access to training,” Nakamoto said.
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