Coronavirus threatens 4 million Southern California jobs

Published

4 years ago

May 22, 2020

Coronavirus threatens 4 million Southern California jobs

Southern California faces dire economic prospects over the next two years, with high unemployment expected to last until 2021 and more jobs at risk than unemployment data, according to two new reports.

Consultant at McKinsey & Co., who has explore the impact of the COVID-19 pandemic on employment and the global economy, doing a analysis this week focus on Los Angeles, Orange and San Diego County. They see how social distance requirements and demand reduction tend to affect workers in 800 different jobs and dozens of industries.

The results are surprising.

In Los Angeles County, McKinsey classified 1.8 million jobs as “vulnerable,” describing not only workers who lost their jobs but also those at risk of being placed on unpaid leave, having their hours or wages deducted or seeing their income reduced. That would be 40% of all jobs in the county, where officials estimate that around 1 million residents have applied for unemployment.

“Jobs at risk are greater than the number of people currently reported claiming unemployment benefits,” said Tim Ward, partner manager of the Southern California office of McKinsey.

Add in several other countries, and nearly 4 million vulnerable jobs across the region, an analysis of consulting firms found.

Depending on how effectively the corona virus is contained, risky work in Los Angeles, Orange and San Diego County can cover nearly 50% of jobs in food service, 41% of jobs in arts and entertainment, and 17% of jobs in retail . The worst effects can be felt in the Latino community, where McKinsey determined that 46% of all jobs are vulnerable to COVID-19.

Southern California Assn. The government concluded in a report last week that economic pain had just begun.

The government planning agency projects an annual unemployment rate of almost 20% this year for the six-county region that includes Los Angeles, Imperial, Orange, Riverside, San Bernardino, and Ventura. Perhaps even more alarming, the SCAG analysis projects that the Southern California unemployment rate will still exceed 12% next year.

The agency projects that Imperial County, where residents already experience some of the state’s highest poverty rates, will see 26% unemployment in 2021, up from 18% last year. Los Angeles County, in contrast, is pegged to a 12% unemployment rate in 2021.

“Even with uncertainty about how all this will work, our analysis shows that the economic impact of the pandemic will be severe and long-lasting. Understanding this now, and identifying which sector will be hardest hit, enables us to plan for recovery better, “SCAG President Bill Jahn, a member of the Big Bear Lake city council, said in a news release accompanying report.

Restaurants and clothing stores are likely to experience some of the biggest economic beatings, with sales in these industries by the end of 2021 falling by 65% and 57%, respectively, compared to 2019, the SCAG analysis concluded. Government revenues in the six countries are also expected to plummet, with taxable sales falling as much as $ 264 billion during 2020 and 2021.

Goodwin Townsend

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Portuguese historical films will premiere on 29 December.

Published

1 year ago

December 20, 2022

Herb Adkins

Portuguese historical films will premiere on 29 December.

Method Media Bermuda will present the documentary FABRIC: Portuguese History in Bermuda on Thursday, December 29 at the Underwater Research Institute of Bermuda.

A spokesperson said: “Method Media is proud to bring Bermuda Fabric: Portugal History to Bermuda for its 5th and 6th showing at the Bermuda Underwater Observatory. In November and December 2019, Cloth: A Portuguese Story in Bermuda had four sold-out screenings. Now that Bermuda has reopened after the pandemic, it’s time to bring the film back for at least two screenings.

“There are tickets Ptix.bm For $ 20 – sessions at 15:30 and 18:00. Both screenings will be followed by a short Q&A session.

Director and producer Milton Raboso says, “FABRIC is a definitive account of the Portuguese community in Bermuda and its 151 years of history, but it also places Bermuda, Acors and Portugal in the world history and the events that have fueled those 151 years.

“It took more than 10 years to implement FABRIC. The film was supported by the Minister of Culture, the Government of the Azores and private donors.

“Bermuda Media Method [MMB] Created in 2011 by producer Milton Raposo. MMB has created content for a wide range of clients: Bermuda’s new hospital renovation, reinsurance, travel campaigns, international sports and more. MMB pays special attention to artistic, cultural and historical content.

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Herb Adkins

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CRISTANO RONALDO CAN MAKE UP A GIANT IN CARIOCA AND PORTUGUESE TECHNICIAN SAYS ‘There will be room’

Published

1 year ago

December 20, 2022

Herb Adkins

CRISTANO RONALDO CAN MAKE UP A GIANT IN CARIOCA AND PORTUGUESE TECHNICIAN SAYS 'There will be room'

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Herb Adkins

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Maestro de Braga is the first Portuguese in the National Symphony Orchestra of Cuba.

Published

1 year ago

December 19, 2022

Herb Adkins

Maestro de Braga is the first Portuguese in the National Symphony Orchestra of Cuba.

Maestro Filipe Cunha, Artistic Director of the Philharmonic Orchestra of Braga, has been invited to conduct the Cuban National Symphony Orchestra, as announced today.

According to a statement sent by O MINHO, “he will be the first Portuguese conductor to conduct this orchestra in its entire history.”

In addition to this orchestra, the maestro will also work with the Lyceo Mozarteum de la Habana Symphony Orchestra.

The concerts will take place on 4 and 12 March 2023 at the National Theater of Cuba in Havana.

In the words of the maestro, quoted in the statement, “these will be very beautiful concerts with difficult but very complex pieces” and therefore he feels “very motivated”.

From the very beginning, Rachmaninoff’s Piano Concerto No. 2 will be performed by an Italian pianist (Luigi Borzillo), whom the maestro wants to bring to Portugal later this year. In the same concert, Mendelshon’s First Symphony will be performed.

Then, at the second concert, in the company of the Mexican clarinetist Angel Zedillo, he will perform the Louis Sfora Concerto No. 2. In this concert, the maestro also conducts Tchaikovsky’s Fifth Symphony.

“This is an international recognition of my work. An invitation that I accept with humility and great responsibility. I was surprised to learn that I would be the first Portuguese member of the Cuban National Symphony Orchestra. This is a very great honor,” the maestro said in a statement.

“I take with me the name of the city of Braga and Portugal with all the responsibility that goes with it, and I hope to do a good job there, leaving a good image and putting on great concerts. These will be very special concerts because, in addition to performing pieces that I love, especially Rachmaninov and Tchaikovsky, I will be directing two wonderful soloists who are also my friends. It will be very beautiful,” concludes Filipe Cunha.

Herb Adkins

Proud web evangelist. Travel ninja. Creator. Freelance food nerd. Passionate bacon fanatic.