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    Learn More The Plummeting Labor Market Fortunes
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July 2014
  • 7.8%
    CA Unemployment
  • 0.5%
    One Month Change
  • -1.6%
    Year Over Year
  • 6.5%
    US Unemployment

Aug. 28, 2014
The number of people making new jobless claims across the country dropped slightly by 1,000 to 298,000 from the previous week's revised number, according to a weekly report from the U.S. Department of Labor. California scored the largest drop in new claims.
Aug. 28, 2014
Gross domestic product, the broadest measure of goods and services produced across the economy, grew at a seasonally adjusted annual rate of 4.2% in the second quarter after accounting for inflation, the Commerce Department said.
Aug. 25, 2014
For more than a decade, Texas Gov. Rick Perry has touted the "deal-closing" Texas Enterprise Fund and other cash incentives as a "job-creation machine." A fifth of the companies that Texas attracted during the last funding cycle, in 2011 and 2012, were based in California.
California’s per-job costs are higher than every other Western state, and most other large states. The high cost of creating additional jobs puts California at a substantial competitive disadvantage when attempting to retain or attract businesses that have a choice where to locate.
Aug. 23, 2014
A new study by the University of California, Los Angeles concludes that LA has the least affordable rental homes in America, and other reports rate California as the worst state both for renters and mortgage-payers (see map). The UCLA study reports that tenants in LA spend on average 47% of their gross income on rent—a higher share than in any other city. (Academics typically deem rent “unaffordable” if it eats up more than 30% of a household’s income).
Aug. 22, 2014
When it comes to buying a home or renting an apartment, the Los Angeles-Orange County area is the most expensive market among the nation’s 100 biggest metropolises, according to a report released Thursday by the real-estate website Zillow.
Aug. 17, 2014
Across the U.S., small-business lending has been stuck in a slow, grinding recovery behind most other types of business and consumer loans. At the end of the first quarter, banks held $585 billion in loans to small businesses, up 1% from last September but still 18% less than the peak of $711 billion in 2008, according to the Federal Deposit Insurance Corp.
Aug. 17, 2014
California is one of the most expensive states for businesses to operate, mainly because of high pay and related labor costs, says a new report commissioned by an arm of the state Chamber of Commerce..
Aug. 16, 2014
After a puzzling first-quarter contraction, growth has returned, though the recovery remains the weakest since the second world war. As of June, the expansion is now five years old, longer than the post-war average of 58 months . . .
Aug. 15, 2014
PG&E residential customers can expect a 5.8 percent increase in their gas and electricity bills starting in September after approval by state regulators Thursday of the utility's request for rate hikes.
Aug. 15, 2014
California added more than 27,000 jobs in July, but the state unemployment rate remained flat at 7.4% as the size of the labor force shrank slightly from last month's estimates..
Aug. 15, 2014
Nowhere is that trend more pronounced than in Silicon Valley where the economic divide is widening between highly educated and skilled high-tech workers and low-paid workers who are trying to piece together a living in one of the country's most expensive places.
Aug. 9, 2014
In a stunning development just 48 hours after Breitbart California published “262,” employees at Space Exploration Technologies Corporation (SpaceX) headquarters in Hawthorne, California filed a lawsuit claiming the rocket builder on or about July 21st violated California Labor Law by laying off up to 400 factory workers, or about 11% of the entire company workforce.