Jan. 20, 2017
"California unemployment fell to 5.2 percent last month, although payrolls grew by an anemic 3,700 jobs, the state reported Friday.
The Employment Development Department said the statewide unemployment rate dipped by a tenth of a percentage point in December. But the addition of just 3,700 payroll jobs across the state was remarkably weak and suggests the state’s economy may be slowing down."
Jan. 19, 2017
A restructuring plan from PG&E to cut 450 jobs and end relationships with 800 contract workers also includes sending at least 70 of those jobs to India — with the workers who formerly performed those roles required to train their overseas replacements.
Jan. 18, 2017
Applications for cash welfare reached their lowest point in at least six years in 2016, which economists say might indicate California's poorest are finally feeling the effects of an improving economy.
Jan. 12, 2017
The Brown administration is ending a program that coordinated care for seniors and low-income families because it was no longer cost effective. . . Federal regulations requiring in-home caregivers to receive overtime after 40 hours per week drove the cost of the program up with the minimum wage hike. . . Cutting the program will shift the labor costs onto the counties, which is estimated to cost more than $4.4 billion over the next six years . . . “This would be devastating to counties all over the state,” CSAC President and Alameda County Supervisor Keith Carson said in a statement. “We undoubtedly would have to make cuts in other vital social services to cover these costs.”
Jan. 10, 2017
Over the past year, the levels of quitting and hiring haven’t made any progress. Hiring plunged during the recession, but by the end of 2015 the rate had climbed to a post-recession high of 3.8%. For the past eight months, it has hovered below that rate.