Coronavirus Updates: California's Grim Unemployment Numbers; Verizon Sees Streaming Lag

Here are the latest headlines regarding how the novel coronavirus is impacting the Los Angeles startup and tech communities. Sign up for our newsletter and follow dot.LA on Twitter for the latest updates.

  • Verizon data suggest pandemic behaviors are starting to reverse
  • California among three states reporting the highest level of unemployment claims

    Verizon data suggest pandemic behaviors are starting to reverse

    live.staticflickr.com

    Data released yesterday by Verizon suggest that pandemic-induced behaviors are starting to reverse. The telecommunications giant's latest report shows that, in the week to May 6:

    • Video streaming fell 11%
    • Collaboration tools fell 5%
    • Gaming fell 4%

    People also seem to be moving around more as stay-at-home mandates relax and the spring weather beckons. Movement from one cell site to another climbed 6.2% on the week -- "the biggest weekly gain since the COVID crisis began," Verizon reported. Such "handoffs" are still 18% lower than normal, however.

    "The network performance numbers definitely indicate a break in routines people have formed over the last several weeks during the pandemic," said Verizon's Chief Technology Officer.

    California among three states reporting the highest level of unemployment claims

    www.picserver.org

    California, which borrowed cash from the federal government to help pay for unemployment claims, was one of three states reporting the highest levels of initial claims in the nation. About 318,000 California workers filed initial claims for unemployment during the week that ended May 2, which was down slightly from the 325,000 who filed jobless claims for the week that ended April 25, the U.S. Labor Department reported.

    Overall, the U.S. said the number of Americans who filed for benefits topped three million for a seventh-straight week. That brought the seven-week total to about 33.5 million. California joined Texas and Georgia reporting the highest levels of unadjusted initial claims last week. Most states posted declines from the prior week. The economic downturn brought by the new coronavirus is expected to drive California into a $53.4 billion deficit over the next year with an unemployment rate projected well above its peak during the financial crisis in 2008., according to a memo released by Gov. Gavin Newsom's office Thursday.

    "California began 2020 with a strong bill of financial health—a strong economy, historic reserves, and a structurally balanced budget," according to the report. "The rapid onset of the COVID-19 pandemic has had an immediate and severe impact on the global, national, and state economies... The May Revision economic forecast reflects that COVID-19 impacts will continue to cause economic losses in 2020."

    Subscribe to our newsletter to catch every headline.

    Cadence

    Relativity Space Surpasses $1 Billion in Contracts, Inks New Deal with Satellite Maker OneWeb

    Samson Amore

    Samson Amore is a reporter for dot.LA. He previously covered technology and entertainment for TheWrap and reported on the SoCal startup scene for the Los Angeles Business Journal. Send tips or pitches to samsonamore@dot.la and find him on Twitter at @Samsonamore. Pronouns: he/him

    Relativity Space uses giant 3-D printers to produce components for its Terran rockets.
    Photo from Relativity Space

    Rocket maker Relativity Space soared past a milestone today, surpassing $1 billion worth of contracts for launches on its 3D-printed Terran R rocket.

    Read moreShow less
    https://twitter.com/samsonamore
    samsonamore@dot.la

    Goop’s Noora Raj Brown On Having the Hard Conversations That Make Change

    Yasmin Nouri

    Yasmin is the host of the "Behind Her Empire" podcast, focused on highlighting self-made women leaders and entrepreneurs and how they tackle their career, money, family and life.

    Each episode covers their unique hero's journey and what it really takes to build an empire with key lessons learned along the way. The goal of the series is to empower you to see what's possible & inspire you to create financial freedom in your own life.

    Goop SVP Noora Raj Brown
    Photo courtesy of Noora Raj Brown

    On this week’s episode of the Behind Her Empire podcast, host Yasmin Nouri talks with the executive vice president of Gwyneth Paltrow’s Goop, Noora Raj Brown.

    Read moreShow less
    RELATEDEDITOR'S PICKS
    LA TECH JOBS
    interchangeLA
    Trending