Jun 5, 2019

Beverly Hills votes unanimously to outlaw most tobacco sales

Existing cigar lounges like this one in Beverly Hills, California, will be exempt from the ban. Photo: Kyle Grillot/AFP/Getty Images

The City Council of Beverly Hills, California, voted unanimously on Tuesday night to outlaw almost all sales of tobacco products in the affluent Los Angeles suburb.

Why it matters: In what's believed to be the first such ban in the U.S., cigarettes, cigars and electronic cigarettes will no longer be sold at gas stations, pharmacies, convenience stores or by grocers in Beverly Hills starting Jan. 1, 2021.

The big picture: The council said in a statement that existing lounges would be exempt and hotels — existing and future — may only sell to guests when the ban comes into effect. It will conduct a review of the impacts on tourism after 3 years of the ban being in place.

Go deeper

HBCUs are missing from the discussion on venture capital's diversity

Illustration: Eniola Odetunde/Axios

Venture capital is beginning a belated conversation about its dearth of black investors and support of black founders, but hasn't yet turned its attention to the trivial participation of historically black colleges and universities (HBCUs) as limited partners in funds.

Why it matters: This increases educational and economic inequality, as the vast majority of VC profits go to limited partners.

Unemployment rate falls to 13.3% in May

Data: Bureau of Labor Statistics; Chart: Axios Visuals

The U.S. unemployment rate fell to 13.3% in May, with 2.5 million jobs gained, the government said on Friday.

Why it matters: The far better-than-expected numbers show a surprising improvement in the job market, which has been devastated by the coronavirus pandemic.

The difficulty of calculating the real unemployment rate

Data: U.S. Department of Labor; Note: Initial traditional state claims from the weeks of May 23 and 30, continuing traditional claims from May 23. Initial PUA claims from May 16, 23, and 30, continuing PUA and other programs from May 16; Chart: Andrew Witherspoon/Axios

The shocking May jobs report — with a decline in the unemployment rate to 13.3% and more than 2 million jobs added — destroyed expectations of a much worse economic picture.

Why it matters: Traditional economic reports have failed to keep up with the devastation of the coronavirus pandemic and have made it nearly impossible for researchers to determine the state of the U.S. labor market or the economy.