LAEDC CEO Bill Allen highlighted at-risk jobs and industries, and the need to help lower income people of color who have been disproportionately impacted by the economic crisis caused by COVID-19, when he addressed the business task force being established by LA County and the Board of Supervisors. In a report to the LA County Board of Supervisors, Bill Allen thanked the Board and the task force, and he presented facts about the economic crisis, stating more than 1 million un
LAEDC’s Institute for Applied Economics has published this analysis of general revenues of the 88 cities in Los Angeles County, assessing the level to which the cities are vulnerable to fiscal shocks as a result of the global COVID-19 pandemic. Awareness of these challenges and prudent planning will be critical for all 88 Cities in Los Angeles County. Collectively, these data serve to highlight which cities may be most in need of state and federal aid in order to maintain es
On April 21, 2020, the LAEDC Institute for Applied Economics has published estimates for the Southern California economic conditions in May 2020, estimating a potential unemployment rate of 31.7% for LA County and 31.4% for the broader Southern California region. This report provides county-level data for each of the 10-counties in Southern California, including San Diego, Imperial, Riverside, Orange, San Bernardino, Los Angeles, Ventura, Kern, Santa Barbara, San Luis Obispo.
LAEDC’s Institute for Applied Economics offers analysis below of the March jobs report for LA County published April 17th, 2020 by California EDD. It should be noted that EDD data was based on a survey that was largely completed before the “Safer at Home” shutdowns, so it didn’t reflect the on-the-ground situation in LA County. For greater insights, please refer to the new estimates of unemployment that were published by LAEDC’s Institute for Applied Economics on our coronav