Los Angeles County and several other metropolitan areas in California will reach pre-pandemic employment levels by early 2023, according to Beacon Economics. The Golden State’s overall jobs r…
Los Angeles County and several other metropolitan areas in California will reach pre-pandemic employment levels by early 2023, according toThe Golden State’s overall jobs recovery has been slower than that of some other states because of high housing costs and more stringent COVID-19 protections, among other factors.
Prior to the revision, the county’s nonfarm employment growth came in at just 1.3% from December 2020 to December 2021. After the revision, the annual growth rate jumped to 3.1%. Hotels and restaurants saw business were among the hardest hit during the height of the COVID-19 pandemic as temporary closures and heavy restrictions were put in place. But the county’s economy is on an upward trajectory.
“We’re exploding with business,” she said. “In the last six months, we’ve seen a doubling in requests for new websites and revamps of old websites.”“A lot of businesses closed during the pandemic,” she said. “But there has been a rebirth of new business. People who were let go had to come up with something, and I’m seeing a lot of entrepreneurs.”
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