Staff writer for the Pasadena Star News reported on 7/22/06 that Los Angeles County unemployment dropped to 4.6% in June 2006. As reported in the Pasadena Star News, according to Gary Kaplan, president of the executive search firm Gary Kaplan and Associates "the job market is even stronger than at the height of the technology boom prior to 2001".

Mr. Kaplan's comments is another indicator of how much the job market has strengthened since 2001. The strength in employment bodes well for continued strength in the Los Angeles County housing market.