Long Beach

Long Beach unemployment rate of over 71% in California cities – Long Beach, California

Long Beach, California 2021-11-27 12:00:33 –

On the second street of Belmont Shore, a man is walking by Archibalds. Archibalds will remain closed until next spring due to lack of staff. Wednesday, November 24, 2021. Photo by Brandon Richardson.

Long Beach’s unemployment rate continues to decline, but exceeds Los Angeles County and the state as a whole, according to recently released data from the California Department of Economic Development.

Long Beach’s unemployment rate dropped slightly from 8.9% last month to 8.5% in October. The new numbers are significantly improved from the May 2020 high of 19%, but well above the 4.8% just before the COVID-19 pandemic.

The city’s workforce decreased by 400 from September to October to 235,900. Retirement and unemployment can stop looking for a job, which can reduce the workforce.

According to EDD data, more than 71% of California’s cities and census-designated areas (communities recognized and identified in the area at the time of the 2015-19 American Community Survey, but not incorporated) are Long Beach. Much better than. .. Almost 27% are chasing the city.

The unemployment rate is also 8.5% in the two regions of Pomona and Walnut Park.

Los Angeles County’s unemployment rate fell from 8.2% in September to 7.8% in October, according to EDD data. The county’s workforce decreased by 7,200 to 4,632,800 and 394,500 were unemployed.

According to Beacon Economics, California continues to lead the country in recovery, accounting for 18.2% of US employment growth in October. Across the state, non-farm payrolls have increased by 96,800. However, the losses in the pandemic have not been offset by growth. As of October, there are 886,300 fewer people employed in the state than in February 2020.

The increase in employment in the state was driven by an increase in household employment (37,500) and a decrease in the labor force of 8,400. Other big profits were gained in the most pandemic-influenced industries, such as leisure and hospitality, but according to Beacon, this sector is nearly 17% below pre-pandemic levels.

“It’s been nearly two years since the world was hit by a pandemic, and California’s unemployment rate remains high,” Tanner Othman, research manager at Beacon and the University of California, Riverside’s Prediction Center, said in a statement. Said. “Unfortunately, there is no quick solution here and we expect unemployment to continue to rise until 2022.”

Despite the 20,100 unemployed people on Long Beach, many companies, especially those offering minimum wages, struggle with staffing. Signs posted outside Archibald on Belmont Shore’s Second Street indicate that fast casual eateries will remain closed until the spring of 2022 due to lack of staff.

The expanded unemployment allowance was exhausted a few months ago, and business owners and economists alike have only speculated why so many people are slow to get back to work. Nick Schultz, executive director of the Pacific Gateway Workforce Investment Network, previously said hesitation stems from health and safety concerns. Quit or get fired from work Exceeding vaccination obligations.

so Recent interview with CNBCDaniel Jao, senior economist at Glassdoor, said wages may not be high enough to bring workers home. Zhao said the company’s profits and productivity have exceeded average wages over the past two years, and employers should be able to offer more salary increases.

According to Zhao, another possible reason why people are slow to get back to work is that they have more savings in the pandemic, providing children with cushioning and care responsibility.

“Getting people back to work is not something you can do with just one finger,” Zhao told CNBC.

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