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Form 5495 Downey California: What You Should Know
This was the first time in three years Downey had experienced a significant dip in the unemployment rate. The city has since recovered and there had been some concerns about unemployment reaching record levels. But with an unemployment of 5.9 percent, the city's unemployment will be down to 4.9 percent by the spring of 2022. After that, the unemployment rate will continue to drop. What this means for residents is that many of the services and programs that the city is providing have not yet fully recovered. But the mayor's office is confident that they will achieve a 4.9 percent unemployment rate by 2023. City Manager's letter to Mayor. City of Downey | FY 2 Proposed Annual Operating Budget | 1. Downey's unemployment rate had peaked in the summer of 2010. In the past few months, the unemployment rate has consistently come down. In fact, in June, the unemployment rate averaged 5.2 percent. The decline is attributed to a decline in the number of people unemployed and the loss of approximately 600,000 jobs. City Council Meeting Information | City Council Meeting Calendar Page This is a PDF file of the agenda.
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