Nov. 13, 2016
California is on the road to a bifurcated, almost feudal, society, divided by geography, race and class. As is clear from the most recent Internal Revenue Service data, it’s not just the poor and ill-educated, as Brown apologists suggest, but, rather, primarily young families and the middle-aged, who are leaving. What will be left is a state dominated by a growing, but relatively small, upper class, many of them boomers; young singles and a massive, growing, increasingly marginalized “precariat” of low wage, often occasional, workers.
Nov. 8, 2016
The rate of layoffs dipped to a new record low in September, which would be good news but for one thing: The rate of hiring is also down.
Nov. 4, 2016
Nonfarm payrolls rose by a seasonally adjusted 161,000 in October from the prior month, following September’s upwardly revised gain of 191,000, the Labor Department said Friday. . . The unemployment rate, derived from a separate survey of American households, ticked down to 4.9% last month from 5% in September because the labor force shrank. The labor-force participation rate edged lower, to 62.8% in October from 62.9% the prior month, but remained elevated from its October 2015 level of 62.5% .
Nov. 3, 2016
A federal trial court in West Virginia, in a case called Murray Energy Corporation v. EPA, recently found that EPA failed or refused to implement a statutory requirement to continuously evaluate job losses and shifts in employment caused by its regulations. The court ordered EPA to fully comply with the law. The court further found that due to the impact of its regulations on our economy, and the undisputed widespread employment effects suffered by the coal industry, it would be an abuse of discretion for EPA to refuse to conduct the job loss impacts on the coal industry resulting from its regulations.
Nov. 1, 2016
Visa issued a statement Tuesday acknowledging "a variety" of job cuts, but offered no details on the size and scope. Several Visa employees and former employees tell the San Francisco Business Times that Visa recently cut 800 to 1,500 jobs, with the company's former headquarters campus in Foster City especially hard hit.