Unemployment Statistics Increase In Los Angeles Due To COVID-19

wallethub, los angeles, unemployment

With certain businesses reopening all across the country in an effort to reverse some of the nearly 41 million job losses caused by the coronavirus pandemic, WalletHub today released updated rankings for the Cities with the Biggest Increases in Unemployment Rates Due to COVID-19, as a follow-up to our report on the States Hit Most by Unemployment Claims, along with accompanying videos.

This report uses new data from the Bureau of Labor Statistics, which recently disclosed that it erroneously didn't count many workers on temporary layoffs as unemployed. Therefore, the real unemployment rate may be around 33 percent higher than reported, and our report includes both the official rate and an "adjusted" rate based on this error.

Below, you can see highlights from the report, along with a WalletHub Q&A.

Increase in Los Angeles Unemployment Due to Coronavirus (1=Biggest, 90=Avg.):

  • 374.73% Increase in Unemployment (April 2020 vs April 2019)
    • 401,276 unemployed people in April 2020 vs 84,528 in April 2019;
    • 65th highest increase in the U.S.
       
  • 324.81% Increase in Unemployment (April 2020 vs January 2020)
    • 401,276 unemployed people in April 2020 vs 94,461 in January 2020;
    • 53rd highest increase in the U.S.
       
  • 20.70% Official Unemployment Rate (April 2020) (Adjusted Rate*: 27.53%)
    • 14th highest unemployment rate in the U.S.

*Adjusted for the BLS error that failed to classify workers on temporary layoffs as unemployed.

To view the full report and your city's rank, please visit: https://wallethub.com/edu/cities-with-biggest-increases-in-unemployment-rates-due-to-covid-19/73647/

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