Tag Archives: unemployment

LA is the second hardest city to get by in

Omar omar's photo of LA's Main Street used through a Creative Commons license
Omar omar's photo of LA's Main Street used through a Creative Commons license

Well fellow strugglers, we are a hair’s breadth from being declared the US city where it is “hardest to get by” according to Forbes‘ calculations. Ignominiously edged out by Providence (Providence?! Really?), we can still take some measure of pride in our position at the vanguard of economic collapse. Go team!

“To determine which of the 50 largest U.S. metropolitan statistical areas . . . squeeze residents most, [Forbes] measured cost of living, unemployment rate and median income in each.” LA, unsurprisingly, did okay on median income ($56,680) but pretty crappy on cost of living index (48 points above national average) and unemployment (10.2%).

Numbers three, four and five on the list were Riverside, California; Tampa, Florida; and Buffalo, New York.

Sing it along with me:  “It’s a hard world to get a break in. All the good things have been taken…”

Keep Your Job, L.A. The Suck Will Only Get Worse

CurbedLA just posted about a new report that predicts rising unemployment to last through 2010.

From the UCLA Anderson Forecast:

“The news from the economy is bad,” writes Anderson Forecast senior economist David Shulman in his essay “The Balance Sheet Recession.” “The recession we had previously hoped to avoid is now with us in full gale force.”

Nationally, we can expect the loss of 2 million jobs over the next 12 months. In California, “the unemployment rate is expected to rise as high as 8.7 percent next year and remain at that level through 2010.”

So, anyone still think this is a good time for SAG to strike?