Unemployment Dropped Steeply in February

Hundreds of local residents returned to work in February following the lifting of statewide coronavirus restrictions, reversing a steep increase in unemployment reported at the beginning of the year.
The Burbank unemployment rate fell from 13.3% in January to 11.2% in February, according to preliminary data from the state Employment Development Department. The drop reversed some of the recent increases in the city’s unemployment rate, which was 10.4% in December.

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Unemployment Dropped Steeply in February

Hundreds of local residents returned to work in February following the lifting of statewide coronavirus restrictions, reversing a steep increase in unemployment reported at the beginning of the year.
The Glendale unemployment rate fell from 12.1% in January to 10.4% in February, according to preliminary data from the state Employment Development Department. The drop reversed some of the recent increases in the city’s unemployment rate, which was at a pandemic-era low of 9.9% in December.
The decrease likely reflects Gov. Gavin Newsom’s lifting of restrictions in state regions whose intensive care units were overburdened. His lifting of the stay-at-home order in late January, which allowed in-person dining to resume outdoors and loosened capacity limits for other businesses, accompanied falling COVID-19 hospitalizations and mounting political pressure, including a recall campaign.

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Local Unemployment Rose in January

Burbank’s representative in the California State Legislature said issues with the Employment Development Department continue, with the agency grappling with hundreds of thousands of claims.
More than 900,000 claimants waited more than 21 days to receive their first payment or disqualification notice during the week of March 18, according to the most recent EDD data, a figure that has remained fairly steady since late January. The vast majority of those claims were stalled because a claimant needed to submit evidence of their eligibility.
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Representatives Talk Economy, COVID at Town Hall

Federal and state officials said at a virtual town hall this week that economic recovery was at the forefront of their minds, but they often cautioned that they were dependent on federal dollars that may not be coming.
The live-streamed meeting, moderated by former Burbank Mayor Marsha Ramos and which featured Congressman Adam Schiff, state Sen. Anthony Portantino and California Labor Secretary Julie Su, allowed residents to float questions to the representatives on topics ranging from testing to Azerbaijani aggression in Artsakh.
A subject that dominated much of the conversation on Monday, however, was a recession caused by the deadly coronavirus. The California unemployment rate fell to an estimated 10.8% in September, the second consecutive month since March that the rate was lower than the 12.3% height of the Great Recession, according to the state’s Employment Development Department.
There were more than 2 million workers in California who remained unemployed last month.

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Representatives Talk Economy, COVID at Town Hall

Federal and state officials said at a recent virtual town hall that economic recovery was at the forefront of their minds, but also cautioned that federal dollars were needed for the task.
The livestreamed forum, which featured Congressman Adam Schiff, state Sen. Anthony Portantino and California Labor Secretary Julie Su, allowed residents to float questions to the officials on topics ranging from COVID-19 testing to Azerbaijani aggression.
A subject that dominated much of the conversation on Monday, however, was the recession caused by a deadly coronavirus. The California unemployment rate fell to an estimated 10.8% in September, the second consecutive month since March that the rate was lower than the Great Recession peak of 12.3%, according to the state’s Employment Development Department.

Continue reading “Representatives Talk Economy, COVID at Town Hall”