Covid-19 cuts deep into LA jobs

[Source: Los Angeles Business Journal] It’s no surprise that L.A.’s economy has been walloped by coronavirus-driven business shutdowns, but the extent of the damage and how much worse L.A. County has fared only became apparent with the release of data for April. The state Employment Development Department reported on May 22 that L.A. County’s April Read More…

There’s a growing possibility of a W-shaped economic recovery — and it’s scary

[Source: The Washington Post] There are growing concerns that any economic recovery later this year could prove short-lived because of a possible deadly resurgence of the novel coronavirus and a late spike in bankruptcies and defaults, a wicked combination that could cause households and businesses that barely survived the spring lockdown to go under later Read More…