The deep recession wiped out primarily high-wage and middle-wage jobs. Yet the strongest employment growth during the sluggish recovery has been in low-wage work, at places like strip malls and fast-food restaurants.
Things can and should be better in California, and we should have real conversations about how to address the state’s problems. We need real policy reforms, real tax reform, and real expenditure reform. But any real discussion has to begin on an honest footing, with a candid conversation about what is really happening in the state and local economies. Instead, headlines continue to be dominated by hype, hyperbole, and flat out nonsense.
Palo Alto-based Tesla is opening a new 431,000-square-foot facility in the San Joaquin County city of Lathrop.
California’s economy added 11,800 net new jobs in March, a meager showing after robust gains the month before, the Bureau of Labor Statistics reported Friday
Probably the best single indicator is the unemployment rate. At 6.7 percent, it is now slightly more than 1 percentage point above the 5.2 to 5.6 percent central tendency of the Committee’s projections for the longer-run normal unemployment rate. This shortfall remains significant, and in our baseline outlook, it will take more than two years to close.
As the nation’s second largest city, Los Angeles has a vibrant culture, a diverse population and a strong economy. The city is not only the largest entertainment capital in the world, but also the nation’s largest manufacturing center and retail market, a major tourist destination and financial center, and home to one of the world’s busiest ports.
A Time for Truth is a candid assessment of the challenges and opportunities Los Angeles faces. A Time for Action is the second and final report the LA 2020 Commission will publish. This report contains a series of concrete measures which, if adopted, will enhance transparency and accountability in City Hall, put Los Angeles on a path toward fiscal stability and renew job creation in the region.
California, a world leader in wind energy development in the 1980s and 1990s, now ranks behind Texas in wind power capacity and industry jobs, according to the Washington, D.C.-based American Wind Energy Association.
The measure was passed by a bare majority of five votes by the Senate Natural Resources and Water Committee after some Democrats abstained and Chairwoman Fran Pavley (D-Agoura Hills) provided a courtesy vote to keep the issue alive for more discussions that could end up changing the bill.
Deeply frustrating Silicon Valley’s tech industry, federal officials on Monday announced that the annual cap on the number of H-1B visas for skilled foreign workers has been reached less than a week after applications for the controversial program were accepted.
The portion of stay-at-home mothers with children under age 18 rose to 29% in 2012 from 23% in 1999, according to a new Pew Research Center analysis of government data. Prior to that, the share of stay-at-home moms had declined for three decades as women in general flooded into the workforce.
The race began after the federal Energy Information Administration estimated in 2011 that more than 15 billion barrels of recoverable oil is trapped in what’s known as the Monterey Shale formation, which covers 1,750 square miles, roughly from Bakersfield to Fresno.
U.S. nonfarm payrolls rose a seasonally adjusted 192,000 last month, the Labor Department said Friday. January and February payrolls were revised up by a combined 37,000. The nation’s unemployment rate held steady at 6.7% as more people found work and more people joined the labor force.
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.
The ongoing drought in California could dampen employment growth in coming years and have a ripple effect on several industries in the state, according to a UCLA report released Wednesday.