They would also have a monopoly on CS grads in the LA area ([0] among the highest number of grads in the country) which is experiencing a serious brain drain of talent to the Bay Area, NYC, and Seattle.
My gut tells me the job market is worst for junior devs in SoCal. Junior level openings aren't growing nearly as fast as the number of students trying to break into the workforce. A total of 0 of my friends at USC who were CS grads stayed in LA.