The good news is California’s economy will keep growing this year. The bad news is it will be more of the same lackluster growth the state has seen since the recession ended in 2009.
Last November, Californians risked their money on state government. Despite five years of closed businesses, lost jobs, and replacement jobs that pay far less, Californians trusted the state with more of their hard-earned money. With some of the highest tax rates in the nation, Governor Jerry Brown has declared California’s government is on the road to solvency.
MOUNTAIN VIEW — Silicon Valley’s job growth has returned to dot-com boom levels and San Francisco has emerged as a major new tech hub. But good times have not returned for all area residents and ethnic groups.
After adding jobs at a steady clip through most of last year, California’s employment engine lost steam in December as employers reduced payrolls by 17,500 net positions.
The San Francisco Bay Area, a region that encompasses booming Silicon Valley, led California in job growth last year as the technology industry workforce rose.
Unemployment rates held steady in California and Los Angeles County last month but the Inland Empire saw a decline, the state Employment Development Department reported Friday.
When you talk with Californians about the state of the state, the conversation turns to the economy, and especially to jobs. A recent poll by the PPIC showed that 67 percent of California voters say jobs and the economy are the state’s biggest priority.
Mark Schill of Praxis Strategy Group crunched the numbers for us to determine the changes in STEM employment from 2001 to 2012 in the 51 largest metropolitan statistical areas. Notably absent from our list of the 10 metro areas that enjoyed the strongest growth over that period: the country’s largest cities.
If you are worried about California’s future, there’s no shortage of disturbing statistics to keep you up at night. California’s unemployment rate was 9.8 percent in November – and, with a host of new regulatory mandates added when the New Year began, our state is becoming even more unattractive for businesses.
The shutdown of a 102-year-old California manufacturing company points to a major flaw in California’s industrial development policy:
How is the internet/mobile technology changing the job structure in California? What jobs are being eliminated? What jobs are being created? Are more jobs being created than destroyed?
(CBS News) LOS ANGELES, Calif. – The Golden State is striking it rich in job creation. Jim Nguyen is an executive vice president at Truecar.com. Their website helps consumers know fair prices when buying or selling a vehicle. They currently have two buildings.
Job creation remains Job 1 in Southern California, and especially here in San Bernardino County, requiring more help than ever from our state leaders in Sacramento.
SACRAMENTO — The deal in Washington to avoid the “fiscal cliff” will bring a reprieve to California’s slowly rebounding economy, but uncertainty remains in part because Congress delayed action on federal spending cuts.