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October 2015
  • 5.7%
    CA Unemployment
  • 0.2%
    One Month Change
  • -1.3%
    Year Over Year
  • 4.8%
    US Unemployment

Nov. 20, 2015
California employers added 41,200 net jobs in October, a significant increase from more sluggish growth reported a month earlier, according to federal data.
Nov. 18, 2015
The state will end the current fiscal year in June with $3.5 billion more in revenue than lawmakers expected when they approved the budget for the current year last June. And the state would have reserves of $11.5 billion in June 2017, the end of the 2016-17 budget year, barring any new budget commitments.
Nov. 18, 2015
For example, taxpayers currently pay amounts equivalent to 37% of state firefighters' salaries to CalPERS to cover their future retirement checks. That payment is based on estimates that the fund's investments will continue to earn 7.5% over the decades. But if the investments earn just 6.5%, required taxpayer payments for firefighters jump to an amount equal to 55% of their salaries, according to CalPERS documents.
Nov. 17, 2015
It is important to remember that even in our global economy, states’ stiffest competition often comes from other states. The Department of Labor reports that most mass job relocations are from one U.S. state to another rather than to a foreign location.[1] Certainly job creation is rapid overseas, as previously underdeveloped nations enter the world economy without facing the third highest corporate tax rate in the world, as U.S. businesses do.[2] State lawmakers are right to be concerned about how their states rank in the global competition for jobs and capital, but they need to be more concerned with companies moving from Detroit, Michigan to Dayton, Ohio, than from Detroit to New Delhi. This means that state lawmakers must be aware of how their states’ business climates match up against their immediate neighbors and to other regional competitor states.
Nov. 17, 2015
The consumer price index increased 0.2% in October after a 0.2% decline the previous month, the Labor Department said Tuesday. The rise, driven by higher food and energy prices, was in line with economists' expectations.