Top 10 Signs Los Angeles' Economy Continues To Struggle
calleecakes via Flickr
Times are hard. You don't need Jay Leno to remind you. Double dip recession? We barely noticed a recovery in the first place. California's poverty rate is one percentage point above the already dire national average. And unemployment and the real estate crisis have combined to make L.A. one of the poorest performing economic centers in the nation, so much so that LA Biz Observed's Mark Lacter states in a headline that "L.A. is an economic basketcase."
Here are the 10 signs L.A.'s economy is continuing to struggle:
Get the This Week's Top Stories Newsletter
Every week we collect the latest news, music and arts stories — along with film and food reviews and the best things to do this week — so that you’ll never miss LA Weekly's biggest stories.
- Kabbalah Centre and Its Former Rabbi to the Stars to Pay $177,500 in Sexual Battery Suit
Wed., Dec. 2, 7:30pm
Thu., Dec. 3, 6:00pm
Fri., Dec. 4, 7:00pm
Sat., Dec. 5, 1:00pm
- Bicycle Is Returned to Child, but Alleged Bully Bike Thief Is Still On the Loose
- Thanksgiving Travelers Will Enjoy Lowest Gas Prices Since Early 2009