Long Beach officials anticipating federal aid to support the local economy were blindsided Thursday as President Donald Trump called off negotiations with Democratic lawmakers to formulate a coronavirus relief bill until after the election.
North Long Beach has seen a 39% increase in small business revenue since the pandemic began in March; the retail and dining core of Belmont Shore, meanwhile, has seen a steep decline of 57%.
California added more than 140,000 jobs in July, lowering its historic high unemployment rate to 13.3% amid a coronavirus pandemic marked by stops and starts of the workplace that have plunged the world’s fifth largest economy into chaos.
Despite data from the federal government that the gross domestic product, or GDP, was a strong 3.1% in the first quarter of this year, a closer look “leaves little reason for celebration,” according to the forecast.
Between 2015 and 2016 Long Beach’s median household income grew by 9.3 percent, making it the 11th largest increase among the nation’s 100 largest cities.
The idea of the nonprofit organization and how that business model is sustainable can be quite confusing to some. Maybe it’s the capitalistic mantra of the Red, White and Blue, but really, how do you survive if you’re not bringing in profits?
Wallet Hub, the financial site dedicated to providing consumers and small businesses with pertinent information ranging from financial decisions to job markets, has ranked the 60 most populous cities in the US on a list of the best places to find a job—and Long Beach falls at a disheartening 53.