"The undulating nature of COVID-19 and the state’s economic decrees bode ill as 2020 stumbles to a close and a new year beckons."

The article points out that in California the bulk of the job losses (33%) have been in the leisure and hospitality sector while the financial services sector actually gained jobs. The disparate effect of the pandemic in different sectors may last longer than the pandemic if the affected businesses in those sectors don't survive and reopen.