« Back | Economic Impact of the Los Angeles and Long Beach PortsDate: Tue, Jul 31st, 2012
- The Los Angeles port, the busiest in the U.S., supports 896,000 jobs in the region, 1.2 million jobs in California; and 3.6 million U.S. jobs.
- According to the Port of Los Angeles, for every dollar spent by port industries another 97 cents is generated in indirect and induced sales in the region.
- The Long Beach port supports 30,000 jobs in Long Beach alone, and more than 315,000 regional jobs - or about one of every 29 jobs in Los Angeles, Orange, Ventura, San Bernardino and Riverside Counties. About 1.4 million U.S. jobs are related to cargo handled by the Port of Long Beach
- The $14.3 billion in wages and salaries supported by Long Beach port activity represents slightly more than 4 percent of all salaries and wages paid within the region.
- Together, the ports of Los Angeles and Long Beach account for approximately 40% of all containerized TEU's (20-foot equivalent units) handled in the United States
- A 2006 analysis by the U.S. Congressional Budget Office estimates that a one week shutdown of the Los Angeles and Long Beach Ports would cost the harbor community between $65 million and $150 million per day, and have an even more devastating effect on the overall U.S. economy.
- A lockout of longshoremen in 2002 at West Coast ports during a difficult labor negotiation between employers and the ILWU had a tremendous impact on the overall U.S. economy - costing an estimated $1 billion per day during the 10-day shutdown.
- The neighboring ports that make up the Southern California port complex are the primary gateway for Asian imports into the United States, and busiest ports on the West Coast and the eighth busiest by container volume in the world.
- The Port of Los Angeles (www.portoflosangeles.org) handled 7.9 million loaded 20-foot equivalent unit containers in 2011. The port of Los Angeles last year alone handled 21 percent of the total U.S. container volume.
- The Port of Long Beach (www.polb.com), which lost a major tenant to the Port of LA in late 2011, handled one of every 4 loaded containers moving through West Coast ports.
- In the first three months of 2012, the two ports combined moved 3.18 million containers.