Recession's impact

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Unemployment claims in the San Fernando Valley soared 77 percent in the third quarter to a five-year high as the national recession intensified, a research center said Friday. Gregory J. Wilcox in the Daily News.

An average of 27,451 local residents filed for unemployment benefits each month from July through September, up from 15,484 a year earlier and the most since 2003, said a report from the San Fernando Valley Economic Research Center at California State University, Northridge.

"To have that go up by 77percent is dramatic," said center Director Daniel Blake.

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Los Angeles Daily News City Hall reporter Rick Orlov writes about politics on the local, state and national stage.

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This page contains a single entry by Rick Orlov published on December 20, 2008 6:29 AM.

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