Los Angeles loses most jobs in U.S.

Los Angeles was the nation’s biggest loser in employment during the past 12 months, according to figures released by the U.S. Bureau of Labor Statistics. The Los Angeles area lost 240,100 jobs between July 2008 and the same month this year, the biggest decline in raw numbers anywhere in America. The second biggest losers were the Chicago and New York City markets with losses of 206,200 and 157,900 jobs, respectively.