Nov. 14, 2014
All that has changed, according to a far-reaching package of data from the state controller. Taxpayers are now on the hook for billions of dollars more to cover the future retirements of public workers, with the bill widely varying depending on where they live.
Nov. 13, 2014
Real gross domestic product (GDP) increased at an annual rate of 4.6 percent in the second quarter of 2014, after decreasing 2.1 percent in the first quarter. Both private goods- and services-producing industries contributed to the increase, while the government sector decreased. Durable‐goods manufacturing; finance and insurance; and retail trade were the leading contributors.
Nov. 13, 2014
Full-time, permanent employment is getting closer to pre-recession levels, but part-time workers are still struggling to find full-time jobs, according to a new survey from CareerBuilder.
The study found 32 percent of part-time workers say they want to work full time but haven’t been able to land a full-time job.
Of those, 31 percent say they are the sole breadwinner in their household, and 39 percent say they struggle to make ends meet financially. One in four part-time workers who want full-time jobs said they currently work two or more jobs.
Nov. 12, 2014
Although the state's political stage is still filled with bickering over whether the California comeback is real, another economic snapshot has reinforced some optimism: California has advanced two slots to No. 37 on the Forbes " Best States for Business and Careers" list.
Nov. 11, 2014
California is among 21 states where tax revenue in the second quarter of 2014 surpassed (after adjusting for inflation) what it was before revenue collapsed during the recession, the Pew report found. California received $34.9 billion in tax revenue from April through June of this year, 5.5 percent higher than its pre-recession high of $31.3 billion in the third quarter of 2006. That is more than triple the U.S. average of 1.6 percent.