Jobless claims surge in California, SLO County

March 27, 2020

By CCT STAFF

More than 180,000 unemployment claims were filed in California for the week ending March 21, an unprecedented gain over two weeks earlier, according to the state.

During the past few months, unemployed Californians sent in an average of 41,000 unemployment claims to the state’s Employment Development Department. Then, on the week ending March 14, Californians filed 57,606 unemployment claims, followed a week later by 180,809 jobless claims.

The unemployment rate in February in San Luis Obispo County was 3.0 percent, reflecting 1,000 jobs gained in the hospitality industry over January.

The shelter in place orders initiated to stop the spread of the coronavirus, have led to the large spike in jobless claims.

Major sectors of the San Luis Obispo County economy have been hit hard. Hospitality and travel businesses such as hotels, restaurants and airlines, have been forced to lay off large numbers of people.

Business owners throughout the county have voiced concerns that they may not be able to bounce back financially after the shelter at home order is lifted.

Nationally, a record setting 3,283,000 people filed for unemployment during the week ending March 21, an increase  of 3,001,000 from the week before.

Financial analysts say these numbers are likely to climb as the economic chaos from the coronavirus spreads throughout the country.


Loading...

7
Leave a Reply

Please Login to comment
r0y

1) Chinese corona virus will be with us for the rest of time, like the flu (descendant of Spanish Flu), like sars, like all the other viruses.

2) The damage we’re doing politically to our freedoms and economy will be far worse than any pandemic.


Here’s a thought:

In the early 20th century, thousands of people died so millions of others could have freedom and liberty.

In the early 21st century, millions of others gave up their freedom and liberty in the hope that thousands wouldn’t die.


Jorge Estrada

Sadly very true.


Boldguy

The shut down has affected most segments of the economy, the unemployment gains is just a snapshot of the upheaval :(

The businesses that had to shut down is one facet, the stock market crash is another huge hit that has put many projects on hold. We have a health crisis intertwined in causing a financial crisis that naturally has now caused a confidence crisis :(


Rambunctious

Don’t be confused here….jobless claims are up because of people applying for unemployment compensation for the duration of their workplace being shut down…this doesn’t mean their jobs are gone…just on hiatus….see how the media works?…sensationalism…..I would guess that 90% of those people will be back at their jobs at the end of the 15 day slow down…..stop scaring people media….


mercut1469

15 days? Really? Easter Sunday? Really? Even Trump had to walk that back today.


Jorge Estrada

Try next year and we’ll be on crutches for a long time.


r0y

Man, if we could even come close to having 90% of what we had prior to all this, it would be miraculous.


I’ll admit, we’re still on the knife’s edge, but we’re going to go one of two ways: totalitarian (all for the safety of the people) or something amazing that only America can pull off.


I’m too pessimistic and hope I’m wrong, but we’re far too feminized as a society to want anything other than massive government protection and coddling (well, we’ll see it as that, even though it will not be). I fear we’re about to see what happens when you dismantle and destroy masculinity in a society.