Entrepreneurs are thriving as California’s economic recovery continues

There has been a mixed bag of job news in California over the past week that is worth reporting as we continue to battle our way out of the economic chasm created by the pandemic.

California labor professionals awaiting a greater recovery are waiting for a human / economic trait of the Golden State to take full advantage of what has been so reliable for decades: entrepreneurship.

This week was a roller coaster ride. Employment lawyer and former EDD director Michael Bernick, a Californian labor expert for 40 years, works for the international mega-law firm Duane Morris.

The good news: entrepreneurs, big or small, are setting up new businesses and creating new jobs.

“In April and May, California startups grew significantly year over year and much more than in previous recessions, particularly during the Great Recession,” said Bernick.

The bad news, it’s just a humble start to the massive destruction the pandemic has wreaked on small businesses.

“When compared to pre-pandemic times, the number of small business openings in California is a staggering 51.5%,” said Bernick.

Bernick believes the economy will shift into much higher gear this fall if four things happen.

“The state officially reopened on June 15th. We don’t see people coming back. But I think in September, when schools fully reopen as they should, when we get more childcare options, as people’s health concerns are real and imagined. ” decrease and when unemployment insurance expires I think we’ll see more activity then, “said Bernick.

Around 2 million Californians are currently unemployed.

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