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Friday, May 22, 2020

L.A. County Jobless Rate Soars Thanks to Continuing Pandemic


The dire economic effects of the coronavirus pandemic were laid bare Friday with the release of figures putting Los Angeles County’s seasonally adjusted unemployment rate at 19.6% in April, well above the 6.7% rate in March.

The 19.6% rate dwarfed the 4.5% unemployment level from April 2019, according to the state Employment Development Department.

In Orange County, where seasonally adjusted numbers were not available, the April jobless rate was 13.8%.

Statewide, the seasonally adjusted unemployment rate was 15.5% in April, up from 5.5% in March and well above the 4.2% level in April 2019. The comparable estimates for the nation were 14.7% in April, 4.4% in March and 3.6% in April 2019.

According to the EDD, total nonfarm employment in Los Angeles County dropped by 685,000 jobs between March and April, a 15% decline, dropping the number of positions to just under 3.9 million jobs.

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