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Hello, 9.4% National Unemployment
Hello highest rate of unemployment in 25 years, up from 8.9% last month. The one thing economists are saying about today's statistics--employers cutting 345,000 jobs in May--is that it's the lowest rate since last September, which could be a sign the recession is making a turn around. A study in April said the Los Angeles-Long Beach region ranks 56 out of 66 for job growth in large U.S. cities. So, who's doing some funemployment these days?
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Right now, LAist has lost $1.7M in annual funding due to Congress clawing back money already approved. The support we receive before year-end will determine how fully our newsroom can continue informing, serving, and strengthening Southern California.
If this story helped you today, please become a monthly member today to help sustain this mission. It just takes 1 minute to donate below.
Your tax-deductible donation keeps LAist independent and accessible to everyone.
Senior Vice President News, Editor in Chief
