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Los Angeles Mayor Says Virus Economic Fallout Worse Than ‘08

  • Almost 300,000 residents unemployed, more job cuts expected
  • Our city is under ‘attack,’ daily life unrecognizable: Mayor
Social Distancing Shows Signs Of Curbing Virus On West Coast
Photographer: Patrick T. Fallon/Bloomberg
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Los Angeles Mayor Eric Garcetti, who shut bars, beaches and other public venues more than a month ago to contain the coronavirus outbreak, said economic fallout from the pandemic has been far worse than the 2008-2009 financial crisis.

Almost 300,000 residents are unemployed, exceeding the 13% jobless rate at the height of the great recession, Garcetti said, citing preliminary numbers. That figure will continue to rise, he said. A survey by Loyola Marymount University said half of the city’s residents have lost their jobs or have had their hours reduced as a result of the crisis.