Topic: Business Climate
News
June 13, 2017

California will increase jobs and incomes more slowly than expected this year, mainly because President Trump’s big spending plans don’t seem to be coming to fruition yet. That’s the upshot of the latest forecast from economists at UCLA, released Tuesday, that predicts employment in California will increase by a modest 1.4% and personal income will grow by 3.1% this year. Earlier projections were more optimistic.

News
June 12, 2017

A diaspora of tech talent, driven by Silicon Valley's tumbling job market and sky-high rents, has pushed tech job seekers to some surprising places.

Job search site ZipRecruiter recently analyzed its database of more than 8 million active jobs, and ranked the 20 fastest-growing tech markets based on year-over-year data. Job growth for engineering, software, and IT roles may be losing steam in the Bay Area, but smaller cities are picking up the slack, the company says,

. . . Many of the cities on ZipRecruiter's list are in the Midwest — Kansas City, Kan., Cincinnati, Ohio, and Indianapolis, Ind. are three standouts. The South also had a strong showing, with Nashville, Tenn. and three cities in Florida (Orlando, Jacksonville, Tampa) all making the cut.

Barrera credits government policies, like tax breaks that attract entrepreneurs and business startups for much of this growth. But the main impetus, she says, is the skyrocketing cost of living in coastal tech hubs like San Francisco and New York.

News
June 9, 2017

Attorney General Jeff Sessions has ordered prosecutors to stop settling corporate wrongdoing cases by requiring companies to make donations to third-party groups, a feature of some Obama-era bank settlements that congressional Republicans had opposed.

In a brief, one-page memo dated Monday and released on Wednesday, Mr. Sessions told Justice Department officials they could no longer include any provision in a civil or criminal settlement “that directs or provides for a payment or loan to any non-governmental person or entity that is not a party to the dispute.”

News
June 9, 2017

The list, which ranks U.S. companies by total yearly revenue, includes 53 firms whose headquarters are in the Golden State — a total that’s second only to New York’s 54. (The list of 500 companies is compiled by looking at results reported by publicly traded firms, as well as from the privately traded ones that file financial statements with a government agency.)

News
June 9, 2017

The number of U.S. job openings hit a new high in April while hiring slowed, a sign that employers are struggling to find workers.

The number of job openings rose by 259,000 to 6.04 million, the Labor Department said Tuesday, the highest level recorded since the government started tracking the figure at the end of 2000. The number of hires, meanwhile, fell by 253,000 to 5.05 million in April.

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