Los Angeles Business Journal, May 11th, 1992
During the short term, up to 40,000 may be jobless
Bludgeoned already by the recession, the county now stands to lose up to 10,000 more jobs on a permanent basis as a result of the violence and riots which ravaged Los Angeles.
And, say economists, another 30,000 people could be out of work on a temporary basis until their firms rebuild or reopen operations. Though out-of-work residents have steadily streamed into places like the South Central Job Service Center, the number were not overwhelming last week.
According to analysts, the recession is the major cause of high unemployment and the...
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