Los Angeles Covid Economy
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With shocking speed covid 19 has remade the los angeles economy.
Los angeles covid economy. Housing homelessness los angeles average rent fell 3 in may from a year earlier as coronavirus infected the economy los angeles area apartment rents fell 3 in may from a year earlier. The covid 19 pandemic has taken a big toll on california s creative economy causing the loss of an estimated 284 000 jobs in fashion entertainment digital media and arts institutions according. Millions of people are out of work in the region.
At a minimum counties must remain in a tier for at least 3. As part of the county of los angeles county reconstitution efforts the county board of supervisors have established an economic resiliency task force task force. Hiring freezes furloughs salary cuts and layoffs are a real threat for an.
But there are a number of resources that aim to alleviate some of the financial burden and stress that this crisis has brought to so many in our communities. Los angeles in los angeles the entertainment industry including the powerhouses of walt disney co nbcuniversal paramount pictures sony pictures and netflix among others together with the port of los angeles long beach contributed 1 billion to the economy alone daily prior to this downturn. Understand your county s status every county in california is assigned to a tier based on its test positivity and adjusted case rate.
Covid 19 may be the primary cause of our current distress but the. California has a blueprint for reducing covid 19 in the state with revised criteria for loosening and tightening restrictions on activities.
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