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Wow, that really is something 19.5% unemployment in LA County. Las Vegas and Orlando which basically the two-major tourism epicenters during this pandemic have lower unemployment rates.
Unemployment rates will collapse in Las Vegas once they have hopefully have a robust vaccine. New York City is the financial epicenter of a debt and leverage based economy so they will do incredible also with-in a year or two.
Los Angeles on the other hand will likely be an economic mess for many years to come. A city that is a bio-hazard due to its multi-generational households crowded in tiny apartments that are causing some of the highest number of COVID-19 in a city worldwide, has extremely high taxeds for third-world services, a city where perhaps half the population that can't even articulate one sentence because the educational system is third-world quality at best.
Hopefully companies leave Los Angeles in droves. Glad to see the unemployment rate of LA the highest in the nation. The city is a COVID-19 factory because it is full of multi-generational households crowded in homes and tremendous amounts of people have way too many children that they can't afford also.
I guess robust, very pro-business economic Oklahoma City and Salt Lake City are having a beautiful economic renaissance. Can't imagine how hot the economy is going to get in Salt Lake City and Oklahoma City once a vaccine comes out it's going economic miracle because of their rock-bottom taxes, low regulations.
Los Angeles though is in a state of economic collapse with an unemployment rate of a whopping 19.5% compared to 6.2% in Salt Lake City with it's alpine mountains and 7% in Oklahoma City with crystal clear lakes, lush trees and downtown that offers Bricktown something that Los Angeles doesn't offer.
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