For the most part, the fastest-growing brain hubs are in the South and Intermountain West (which excludes the states on the Pacific Coast). Some of these places are usually not associated with the highest levels of academic achievement, and for the most, they still lag the national average in college graduation rates.
Women are starting 1,288 (net) new businesses per day, which is double the rate from only three years ago, according to the 2014 State of Women-Owned Businesses Report, commissioned by American Express OPEN. . . Of the 25 most populous metropolitan areas, the cities with the highest combined economic clout for women-owned firms – a measurement averaging the rankings in growth in number, revenues and employment of women-owned businesses from 2002-2014 are: 1. San Antonio, TX . . . 25. San Francisco, CA (tied for twenty-fifth)
Employment prospects for teens and young adults in the nation’s 100 largest metropolitan areas plummeted between 2000 and 2011. On a number of measures—employment rates, labor force underutilization, unemployment, and year-round joblessness—teens and young adults fared poorly, and sometimes disastrously.
In a sobering new study, three Princeton economists found that only 11% of the long-term unemployed in any given month found full-time work a year later.
Teens and young adults traditionally have struggled much more to find work than their older counterparts. But a new Brookings Institution report shows the road to employment for young job seekers nationwide and here in Sacramento during the 2000s has been especially rocky.
Regardless of the most recent data point, California’s job performance has been better than expected, and we should all be thankful for that. However, comparison with the United States average is not the only metric. Comparison with California’s potential is the correct metric, and there California is underperforming in a big way. Given all of its advantages, California should be leading the nation in job creation and opportunity.
California’s economy is recovering from its worst recession since the Great Depression – no doubt about that.
But its recovery is very slow, very geographically and socioeconomically uneven, and exacerbates the decline of a once-vibrant middle class and the evolution of a distinctly two-tiered society.
The Sacramento region placed 97th on a list of the 100 largest U.S cities ranked by employment rate for young people aged 20 to 24. For teenagers, the region placed 82nd.
Unlike wealthier state residents who more easily can afford the new, often more comprehensive plans, or lower-income people aided by government subsidies, the LaPollas are part of a sizable segment of Californians slowly coming to grips with dedicating a greater percentage of their income to new policies.
In my recent op-ed entitled “Gone to Texas,” I discuss possible reasons for the large number of people who are migrating from California to Texas and why these numbers should be adjusted for population differences.
Texas experienced stronger job growth than the rest of the nation from 2000 to 2013, according to the Federal Reserve Bank of Dallas. Not only that, a pair of researchers note in a Thursday research publication, but Texas leads the nation in creation of jobs at all pay levels, too.
California had 777,624 households with at least $1 million in assets in 2013, up from 750,686 in 2011, according to Rhinebeck, New York-based Phoenix Marketing. The Golden State had 1.9 million households that used food stamps in 2013, up from 1.6 million in 2011, according to Agriculture Department data.
The decisions made in all of the areas discussed in this analysis could result in changes to the six states’ demographics and economy, both initially and over time. For example, differing policies could result in migration or different settlement patterns initially. Over the longer term, the states’ economic development and other policies could alter their respective economies. The exact nature of these changes, both initially and over time, is unknown.
The biggest issue facing the American economy, and our political system, is the gradual descent of the middle class into proletarian status. This process, which has been going on intermittently since the 1970s, has worsened considerably over the past five years, and threatens to turn this century into one marked by downward mobility.
About 16.8 million people moved into a different county within a year in the U.S., between 2007 and 2011, with the most common county-to-county moves being from Los Angeles to San Bernardino, Calif. (41,764 people) and Los Angeles to Orange, Calif. (an estimated 40,764), according to U. S. Census Bureau data released today.