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

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.

    More than a year ago, Darius Kemp, then a community manager at cannabis delivery app Eaze, realized the platform didn't have any Black-owned products on their menu.

    Today he is Eaze's head of equity and change, spearheading a program for change and to prevent that from ever happening again.

    Read more Show less

    The headlines seem to come every day now. From VC investment to audience growth, all metrics point to an explosion in the popularity of esports, even before the COVID-19 pandemic sent many people indoors. Now, as leagues, developers, publishers, players and the media all sit poised to ride this wave, it's important for all of us, especially the industry veterans, to pause and take a look at the bigger picture.

    How do we ensure that this new influx of users and players become a true part of the community – not just for the short term, but for years to come?

    Read more Show less
    RELATEDEDITOR'S PICKS

    Trending