Study: More Than Half of L.A. County is Now Unemployed

It will take time before we know the full extent of the pandemic’s economic damage. But early figures reveal a tsunami of pain.

Just 45% of Los Angeles County residents are currently employed, according to a new study from from the USC Dornsife Center for Economic and Social Research. Fallout from the coronavirus has already claimed at least 1.3 million L.A. jobs.

The entire country is suffering, but California’s most populous county does seem to be faring worse than most.

“In L.A., there was a certain level of insecurity to begin with, and it has increased a little bit more than it has in the national average," said USC's Jill Darling, director of the Understanding America Study.

Over the weekend, Los Angeles Mayor Eric Garcetti said “this is the worst it’s ever been” from a fiscal perspective. He announced thousands of civilian employee furloughs, representing about a 10% reduction in compensation.

Read more at LAist.



Monday, July 27, 2020 - 15:51

COVID-19 has made it difficult to estimate even the near-term revenue shortfalls for your jurisdiction, but there are opportunities to identify specific revenue streams that will help offset the de