Source: Los Angeles Times
News
May 19, 2017

California employers slashed 16,300 jobs from payrolls in April, according to data released by the state’s Employment Development Department on Friday. It was the first month that the state posted a job loss since June 2016.

Still, unemployment fell to 4.8%, from 4.9% in March, the lowest rate since 2001. The national jobless rate last month was 4.4%.

News
May 19, 2017

The 3rd District Court of Appeal in Sacramento rejected that argument. The decision has caused new consternation at the chamber, which said in its appeal that the court risks “putting no limits on what money can be exacted and providing a road map for the evasion of Proposition 13’s limits” on increasing taxes.

News
May 19, 2017

While new-vehicle registrations fell 1.4% nationally in January through March, California dealers experienced a 0.7% increase in registrations, putting the state on the path for another year of sales exceeding 2 million vehicles.

In the same time frame, 4.8% of new vehicles registered in the Golden State were zero-emission vehicles and plug-in hybrids, the highest share ever recorded.

News
May 12, 2017

The state wants to slash greenhouse gas emissions so deeply in the coming years that oil refineries and other industries could face skyrocketing costs to comply with regulations, driving up gasoline prices until the system loses political support. If that happens, an effort touted as an international model for fighting global warming could collapse.

News
May 8, 2017

Preliminary findings in the group’s annual report suggest that travel spending in the state was $126.3 billion, up about 3% from 2015. The industry supported more than 1 million jobs, up 3.4% from last year.

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