News

The findings of the March UCLA Anderson Forecast predict that total employment will grow by 1.8 percent in 2014, 2.2 percent in 2015 and 2.1 percent in 2016.

The UCLA Anderson Forecast said L.A. needs to make bigger strides in improving the education of its workers and business climate. The county has lost more net jobs than any large metropolitan area in the nation from 1990 to 2013, the forecast said.

An Assembly resolution against government contracting is drawing fire from local governments and business groups for what they contend is a pledge against giving work to outside interests.

We explore a number of reasons for the declines in geographic and labor market transitions, and find the strongest support for explanations related to a decrease in the net benefit to changing employers. Our preferred interpretation is that the distribution of relevant outside offers has shifted in a way that has made labor market transitions, and thus geographic transitions, less desirable to workers.

Gases and liquids pumped out of the ground, including ethane, can be processed into chemicals that are made into products ranging from plastics and antifreeze to cosmetics. New petrochemical projects are under way, with Dow Chemical, Sasol Ltd., Phillips 66 and other companies building 148 factories and plant expansions, thanks to the plentiful natural gas now available in the U.S., the American Chemistry Council said.

California’s economy added 58,800 net new jobs in February, gaining back some momentum after a lackluster showing the month before, the state’s Employment Development Department reported Friday.

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. 

These Golden State companies, which number 60 in all, have expanded, relocated or moved jobs to Texas, Perry said. Eleven of the businesses have relocated their headquarters to the Lone Star State, including longtime Los Angeles-based Occidental Petroleum.

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.

California Ranks Fourth in Total Live Action Film Project, Job and Spending Counts.

The Germany-based drug maker makes the blood-clotting hemophilia A drug Kogenate in Berkeley and recommitted to that facility in 2011 with a four-year contract for its unionized workforce. But the company said Tuesday that two experimental drugs will add to its pipeline and it needs to expand German facilities in Leverkusen and Wuppertal by 2020.

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.

After a six-month streak of robust, often double-digit growth, California’s export trade slowed considerably in January, edging ahead just 2.1% over the same month a year earlier, according to a Beacon Economics’ analysis of foreign trade data released this morning by the U.S. Commerce Department.

Job growth picked up in February as many employers shrugged off snowstorms and bitter cold across much of the U.S., suggesting resilience in the labor market that should allow the Federal Reserve to continue rolling back its bond-buying program.