The Workers’ Compensation Insurance Rating Bureau California, an industry-supported advisory group, has officially recommended an 8.7 percent rate increase to the California Department of Insurance.
In October 2012, a city reeling from its recent bankruptcy filing saw a glimmer of hope in Amazon’s announcement that it had opened a distribution center and had hired 700 people.
Historically, progressives were seen as partisans for the people, eager to help the working and middle classes achieve upward mobility even at expense of the ultra rich. But in California, and much of the country, progressivism has morphed into a political movement that, more often than not, effectively squelches the aspirations of the majority, in large part to serve the interests of the wealthiest.
Shinmei Co. Ltd., one of Japan’s largest rice millers and distributors, today formally announced that it will build a $10 million, 28,000-square-foot U.S. headquarters and production plant on six acres in West Sacramento’s Southport Business Park.
Bank of America Corp. is slashing 1,200 jobs in its mortgage division as the company’s refinancing business slows amid rising interest rates.
U.S. employers added far fewer workers than expected in September, suggesting a loss of momentum in the economy that will likely add to the Federal Reserve’s caution in deciding when to trim its monthly bond purchases.
Other studies have shown that idle young adults are missing out on a window to build skills they will need later in life or use the knowledge they acquired in college. Without those experiences, they are less likely to command higher salaries and more likely to be an economic drain on their communities.
California continued to see strong job growth in August, though the unemployment rate rose for the second straight month. Permits and sales for multi-family units continued to support recovery in the real estate market.
Truckers at the Port of Oakland refused to work Monday to protest what they called unfair labor practices and unsafe working conditions.
In Los Angeles, McDonald’s currently has about 1,600 jobs open in the city, while Kaiser Permanente has about 1,500 positions available. 24 Hour Fitness (1,200), USC (900) and Citigroup (775) round out the top five.
This comprehensive reference report measures the performance of 16 different state workers’ compensation systems, how they compare with each other, and how they have changed over time.
It has been well documented that the share of the working-age population employed in “middle-skill” occupations has been falling for some time, while the share in lower- and higher-skill jobs has been rising–i.e. “polarization” of the labor market (e.g. Autor 2010). However, the dynamics and related mechanism behind these employment trends are not fully understood; nor is it well understood what happens to workers who are displaced from middle-skill jobs.
The Future of Manufacturing report identified a number of factors that will shape the future of competition between countries and companies. Three areas rose to the top as the most critical: human capital and talent development; innovation and technology advancement; and strategic use of public policy emphasizing collaboration between policy-makers and business leaders.
Conducted by the L.A. Area Chamber and Beacon Economics, this fourth annual study looks at economic trends by City Council district. The 2013 report compares key economic indicators for each of L.A.’s 15 City Council districts, highlighting annual employment, average wage, tax revenue and building permits over the last year.
California’s economy continues to post strong year-to-year gains but growth no longer appears to be accelerating. Nonfarm employment has increased 1.6% over the past year, producing a net gain of 236,400 jobs. By contrast, employment rose 2.3% during the prior year.