Editing Los Angeles (section)

==Economy==
{{Further|Los Angeles Chamber of Commerce}}
{{See also|Los Angeles County, California#Economy}}
[[File:Tree Map of Employment by Industries in Los Angeles County, Ca (2015).svg|thumb|Employment by industry in [[Los Angeles County, California|Los Angeles County]] in 2015]]

The economy of Los Angeles is driven by international trade, entertainment (television, motion pictures, video games, music recording, and production), aerospace, technology, petroleum, fashion, apparel, and tourism.<ref>{{Cite journal |last1=Kato |first1=Takao |last2=Owan |first2=Hideo |last3=Miyajima |first3=Hideaki |date=2018 |title=Does Employee Stock Ownership Work? Evidence from Publicly-Traded Firms in Japan |url=http://dx.doi.org/10.2139/ssrn.3217488 |journal=SSRN Electronic Journal |doi=10.2139/ssrn.3217488 |issn=1556-5068|hdl=10419/185131 |hdl-access=free }}</ref> Other significant industries include finance, telecommunications, law, healthcare, and [[Transportation in Los Angeles|transportation]]. In the 2017 [[Global Financial Centres Index]], Los Angeles was ranked the 19th most competitive financial center in the world and sixth most competitive in the U.S. after [[Economy of New York City#Finance|New York City]], [[San Francisco#Economy|San Francisco]], [[Economy of Chicago#Finance|Chicago]], [[Economy of Boston|Boston]], and [[Economy of Washington, D.C.|Washington, D.C.]]<ref>{{cite web|url=http://www.longfinance.net/images/gfci/gfci_21.pdf|title=The Global Financial Centres Index 21|date=March 2017|publisher=Long Finance|archive-url=https://web.archive.org/web/20170611000617/http://www.longfinance.net/images/gfci/gfci_21.pdf|archive-date=June 11, 2017|url-status=dead}}</ref> Although many businesses have left [[downtown Los Angeles]] following the [[COVID-19 pandemic]], efforts are underway to re-invent the neighborhood as a cultural center with a large architectural showcase in [[Bunker Hill, Los Angeles|Bunker Hill]] designed by [[Frank Gehry]].<ref name=DowntownLosAngelesHurting/>

Of the five [[major film studio]]s, only [[Paramount Pictures]] is within Los Angeles' city limits;<ref>{{Cite book|url=https://books.google.com/books?id=KnzsAgAAQBAJ&pg=PA143|title=The New Historical Dictionary of the American Film Industry|last=Slide|first=Anthony|date=February 25, 2014|publisher=Routledge|isbn=978-1-135-92554-3|language=en|access-date=January 2, 2022|archive-date=November 6, 2023|archive-url=https://web.archive.org/web/20231106164929/https://books.google.com/books?id=KnzsAgAAQBAJ&pg=PA143#v=onepage&q&f=false|url-status=live}}</ref> it is located in the so-called [[Studio zone|Thirty-Mile Zone]] of entertainment headquarters in Southern California.

Los Angeles is the largest manufacturing center in the United States.<ref>{{Cite web |author1=Kai Ryssdal |author2=Daisy Palacios |date=2016-10-28 |title=Los Angeles is still the largest manufacturing hub in the country, but it lacks a skilled labor force |url=https://www.marketplace.org/2016/10/28/los-angeles-still-largest-manufacturing-hub-country-it-lacks-skilled-labor-force/ |access-date=2024-06-17 |website=Marketplace |language=en-US}}</ref> The contiguous [[Port of Los Angeles|ports of Los Angeles]] and [[Port of Long Beach|Long Beach]] together comprise the busiest port in the United States by some measures and the fifth busiest port in the world, vital to trade within the [[Pacific Rim]].<ref>{{Cite web |last=Magli |first=Dom |date=2024-01-17 |title=Port of Los Angeles ends 2023 as nation's busiest port |url=https://www.porttechnology.org/news/port-of-los-angeles-ends-2023-as-nations-busiest-port/ |access-date=2024-06-17 |website=Port Technology International |language=en-GB}}</ref>

[[File:Los Angeles Harbor - panoramio - Zzyzx (1).jpg|thumb|left|The combined [[Port of Los Angeles]]-[[Port of Long Beach]] is the fifth-busiest port in the world.]]

The [[Los Angeles metropolitan area]] has a [[gross metropolitan product]] of over $1.0 trillion ({{As of|2018|lc=y}}),<ref name=bea>{{cite web|url=https://apps.bea.gov/itable/iTable.cfm?ReqID=70&step=1|title=Table 3.1. GDP & Personal Income|publisher=U.S. Bureau of Economic Analysis|year=2018|access-date=April 6, 2019|archive-date=October 23, 2018|archive-url=https://web.archive.org/web/20181023080037/https://apps.bea.gov/itable/iTable.cfm?ReqID=70&step=1|url-status=live}}</ref> making it the third-largest economic metropolitan area in the world, after [[New York metropolitan area|New York]] and [[Greater Tokyo Area|Tokyo]].<ref name=bea /> Los Angeles has been classified an "[[Global city|alpha world city]]" according to a 2012 study by a group at [[Loughborough University]].<ref>{{cite web|url=http://www.lboro.ac.uk/gawc/world2012t.html|title=The World According to GaWC 2012|department=Globalization and World Cities Research Network|publisher=[[Loughborough University]]|access-date=January 25, 2014|archive-date=March 20, 2014|archive-url=https://web.archive.org/web/20140320212149/http://www.lboro.ac.uk/gawc/world2012t.html|url-status=live}}</ref>

The Department of Cannabis Regulation enforces cannabis legislation after the legalization of the sale and distribution of [[Cannabis (drug)|cannabis]] in 2016.<ref>{{cite web|last=Queally|first=James|date=December 13, 2019|title=Dozens of unlicensed cannabis dispensaries raided in L.A. this week|url=https://www.latimes.com/california/story/2019-12-12/authorities-shut-down-unlicensed-dispensary-in-palms|access-date=December 14, 2019|website=[[Los Angeles Times]]|language=en-US|archive-date=December 13, 2019|archive-url=https://web.archive.org/web/20191213042606/https://www.latimes.com/california/story/2019-12-12/authorities-shut-down-unlicensed-dispensary-in-palms|url-status=live}}</ref> {{As of|2019|October|df=}}, more than 300 existing cannabis businesses (both retailers and their suppliers) have been granted approval to operate in what is considered the nation's largest market.<ref>{{Cite news|last=Chiotakis|first=Steve|date=October 1, 2019|title=Navigating LA's cannabis industry with the city's pot czar|language=en|publisher=KCRW|url=https://www.kcrw.com/news/shows/greater-la/la-opens-its-first-cannabis-cafe/navigating-las-cannabis-industry-with-the-citys-pot-czar|access-date=October 30, 2019|archive-date=October 30, 2019|archive-url=https://web.archive.org/web/20191030021836/https://www.kcrw.com/news/shows/greater-la/la-opens-its-first-cannabis-cafe/navigating-las-cannabis-industry-with-the-citys-pot-czar|url-status=live}}</ref><ref>{{Cite news|last=Alpert Reyes |first=Emily |date=October 29, 2019|title=L.A. should suspend vetting applications for pot shops amid concerns, Wesson urges|language=en-US|newspaper=[[Los Angeles Times]]|url=https://www.latimes.com/california/story/2019-10-29/la-pot-shops-licensing-suspection-urged|access-date=October 30, 2019|archive-date=October 30, 2019|archive-url=https://web.archive.org/web/20191030034712/https://www.latimes.com/california/story/2019-10-29/la-pot-shops-licensing-suspection-urged|url-status=live}}</ref>

{{as of|2018}}, Los Angeles is home to three [[Fortune 500]] companies: [[AECOM]], [[CBRE Group]], and [[Reliance Steel & Aluminum Co.|Reliance Steel & Aluminum Co]].<ref name="Fortune_500">{{cite web|url=http://fortune.com/fortune500/list/filtered?hqcity=Los%20Angeles|title=Fortune 500 Companies 2018: Who Made The List|website=Fortune|publisher=[[Meredith Corporation]]|access-date=April 13, 2015|archive-date=August 27, 2018|archive-url=https://web.archive.org/web/20180827142437/http://fortune.com/fortune500/list/filtered?hqcity=Los%20Angeles|url-status=dead}}</ref> Other companies headquartered in Los Angeles and the surrounding metropolitan area include [[The Aerospace Corporation]], [[California Pizza Kitchen]],<ref>{{Cite web|url=https://www.cpk.com/about|title=Our Company: From a legendary pizza to a global brand|website=[[California Pizza Kitchen]]|access-date=July 30, 2022|archive-date=July 30, 2022|archive-url=https://web.archive.org/web/20220730165052/https://www.cpk.com/about|url-status=live}}</ref> [[Capital Group Companies]], [[Deluxe Entertainment Services Group]], [[Dine Brands Global]], [[DreamWorks Animation]], [[Dollar Shave Club]], [[Fandango Media]], [[Farmers Insurance Group]], [[Forever 21]], [[Hulu]], [[Panda Express]], [[SpaceX]], [[Ubisoft Film & Television]], [[The Walt Disney Company]], [[Universal Pictures]], [[Warner Bros.]], [[Warner Music Group]], and [[Trader Joe's]].

At the end of the second quarter of 2024, Los Angeles saw an office space vacancy rate of 31.5%, a 33.5% increase year-over-year.<ref name="auto">{{Cite web |last=Zak |first=Kennedy |date=2024-09-30 |title=Wedbush Moves Its HQ |url=https://labusinessjournal.com/featured/wedbush-moves-its-hq/ |access-date=2024-10-08 |website=Los Angeles Business Journal |language=en-US}}</ref><ref name=":1">{{Cite web |last=Isabel |first=Sammi |date=2024-08-14 |title=Vacancy rises in Downtown L.A. retail market despite slate of openings |url=https://www.bizjournals.com/losangeles/news/2024/08/14/dtla-retail-market-report-vacancy-rises.html |access-date=2024-10-08 |website=www.bizjournals.com}}</ref> Retail vacancy stood at 8.6%, a 15% increase year-over-year.<ref name=":1" />

{{as of|2025}}, Los Angeles is the largest city in the United States to not be home to a [[Federal Reserve Bank]].<ref>{{cite web |url=https://www.federalreserve.gov/aboutthefed/federal-reserve-system.htm |title=Federal Reserve Banks |publisher=Federal Reserve Bank |access-date=March 21, 2025}}</ref>

[[File:Skyline view of Los Angeles, California LCCN2013631685 (cropped).tif|thumb|right|[[Downtown Los Angeles]] is the [[central business district]] of the city.]]

{| class="wikitable sortable"
|+
! colspan="3" |Largest non-government employers in Los Angeles County, June 2023<ref>{{cite web |date=June 30, 2023 |title=City of Los Angeles' Annual Comprehensive Financial Report |url=https://controller.lacity.gov/acfr23.pdf |url-status=live |archive-url=https://web.archive.org/web/20230802001927/https://controller.lacity.gov/acfr22.pdf |archive-date=August 2, 2023 |access-date=}}</ref>
|-
!Rank
!Employer
!Employees
|-
|1
|[[Kaiser Permanente]]
|44,769
|-
|2
|[[University of Southern California]]
|23,227
|-
|3
|[[Northrop Grumman|Northrop Grumman Corp.]]
|18,000
|-
|4
|[[Cedars-Sinai Medical Center]]
|16,730
|-
|5
|[[Allied Universal]]
|15,326
|-
|6
|[[Target Corporation|Target Corp.]]
|15,000
|-
|7
|[[Providence Health & Services|Providence Health and Services Southern California]]
|14,395
|-
|8
|[[Ralphs]]/[[Food 4 Less]] ([[Kroger]] Co. Division)
|14,000
|-
|9
|[[The Walt Disney Company|Walt Disney Co.]]
|12,200
|-
|10
|[[Boeing|Boeing Co.]]
|12,005
|}