Industry: Economy
News
Dec. 22, 2017

Statewide unemployment also fell sharply in November, to 4.6 percent from 4.9 percent a month earlier. The 4.6 percent statewide rate is the lowest since 1976, according to data compiled by economist Sung Won Sohn of CSU Channel Islands. The EDD said California employers added 47,400 workers to their payrolls last month. Although much of the job growth in November was seasonal, as employers geared up for the holidays, the new numbers also dovetail with other signs that the economy has been continuing to perk along in recent months.

News
Dec. 22, 2017

Unemployment rates dropped to record lows in Alabama, California, Hawaii, Mississippi and Texas in November. The Labor Department's report on state unemployment showed rates fell in 19 other states, a positive sign for U.S. economic growth. Over the past 12 months, 27 states have added payroll jobs - with largest absolute gains in Texas, where the number of jobs climbed 330,600. California was second in job additions with 288,300. Job totals have essentially been unchanged in 23 other states. Hawaii reported the lowest seasonally adjusted unemployment rate at 2 percent. The unemployment rate was below 2.7 percent in Nebraska, New Hampshire and North Dakota. In total, 17 states have unemployment rates below this national average of 4.1 percent.

News
Dec. 21, 2017

Over some 50 consecutive months of drought, California did not start work on a single major reservoir — though many had long ago been planned and designed. Instead, given the lack of water-storage capacity, and due to environmental diversions, tens of millions of acre-feet of precious runoff water last year were simply let out to the ocean. This year, the state may want all of that water back. Silicon Valley is the state’s signature cash cow, emblematic of progressive-cool culture and tech savvy. Yet many streets around high-tech corporate campuses are lined with parked Winnebagos that serve as worker housing compounds. In nearby Redwood City, World War II–era cottages have become virtual hostels. Trailers, tiny garages, and converted patios serve as quasi-apartments. California may offer the world a smartphone app for every need, but it cannot ensure affordable shelter for those who help to create the world’s social-media outlets and smartphones. How can so smart be so stupid?

News
Dec. 21, 2017

Life expectancy in the United States fell for the second year in a row in 2016 — and it’s clear the epidemic of drug overdoses is at least in part to blame, government researchers said Thursday. Overall life expectancy for a baby born in 2016 fell to 78.6 years, a small decline of 0.1 percent, the National Center for Health Statistics (NCHS) team found. At the same time, mortality from drug overdoses rose by 21 percent. “This was the first time life expectancy in the U.S. has declined two years in a row since declines in 1962 and 1963,” the NCHS, part of the Centers for Disease Control and Prevention, said in a statement.

News
Dec. 21, 2017

Unfortunately for Governor Brown, the recession he fears may already have arrived in California. The following chart showing the trailing twelve month averages of California's civilian labor force and number of employed is one that we've adapted from a different project to show that data in the context of the state's higher-than-federal minimum wage increases and periods of negative GDP growth for the national economy. It shows that in 2017, the size of the state's labor force has peaked and begun to decline in 2017, while the number of employed shows very slow to stagnant growth during the year.

previous    3 4 5 6 7 8 9 10 11 12   next           first    last


Topics


Regions


Industries


Sources