Long Beach Econ Gains In 1960 Report
Long Beach saw economic gains on six fronts in 1960 per a Chamber of Commerce study, including increases in fuel and building activity as well as port traffic. Employment fell, with unemployment rising sharply, and bank clearings and department store sales declined. Freight loadings and port arrivals rose, while building permits climbed. Industrial inquiries totaled 25, signaling interest in new sites for business.