The entire economy of California is suffering during the coronavirus lockdown.
The coronavirus lockdown has caused severe economic hardships for residents of Los Angeles. A new survey found that less than half of people in Los Angeles County still have jobs as unemployment spikes because of the coronavirus pandemic lockdown.
A new survey from the USC Dornsife Center for Economic and Social Research found that only 45% of workers in LA are still employed, compared with 61% in mid-March. Since the COVID-19 outbreak began affecting California, 1.3 million people have lost their jobs in Los Angeles County, according to the USC research.
Only 25 percent of LA residents who lost their jobs since mid-March have received unemployment benefits.
“In LA, 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, survey director for the Understanding America Study.
On Friday, California’s Economic Development Department released its latest unemployment report, which showed that LA County’s unemployment rate shot up from 4.3% in February to 6.3% in March.