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.
California renters must earn more than triple the minimum wage to afford a two-bedroom apartment, underscoring a housing shortage throughout the state, a new report said.
The county’s Board of Supervisors voted unanimously Tuesday to send a five-signature letter to Gov. Jerry Brown and members of the Legislature asking them to “recognize the negative impacts high taxes and excessive regulations have on the entertainment industry and provide reforms to make California competitive with other states who are successfully luring film and television production away from California.”
While California’s economy is surging to a record, the plight of Placentia shows how a financial misstep can imperil municipalities facing rising costs for retirees and infrastructure. The community of 52,000 exhausted most of its reserves on a failed railroad project. Southern California’s Adelanto and Upland are also fighting to avert insolvency.
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 leaders often mock Texas and its Republican Gov. Rick Perry, who has been on an almost evangelical mission to lure California businesses eastward. Earlier this month, Perry visited Los Angeles, Orange County and the San Jose area. He’s been in TV ads pitching Texas to businesses and has boasted that in the last two years California companies created 14,000 jobs in the Lone Star State.
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.
The state of California will implement a strategy to expand international trade and foreign investment that will create jobs, increase revenues for California enterprises, and improve California’s international competitiveness; and which is also in concert with protecting the environment and promoting sustainable development.
Commissioned by the Southern California Association of Governments to examine the Golden State’s $100 million annual tax program, the report found an 11 percent return on investment in the program’s first three years.
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.
A Sprint call center in Rancho Cordova is closing, leading to 240 layoffs, according to the Sacramento Bee. The last day for workers will be March 25, though they will be paid through April 8.
The Sacramento Area Commerce and Trade Organization showcased nine companies at an annual luncheon Wednesday whose expansions or moving to the region will create 1,485 new jobs.
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.
More than 517,000 containers moved through the port in February. Imports were down 2.7 percent, but exports increased 2.1 percent, compared to the same period last year. The number of empty containers sent overseas to be filled with goods dropped 8.3 percent.
WalletHub analyzed how state and local tax rates compare to the national median in the 50 states as well as the District of Columbia. We compared eight different types of taxation in order to determine: 1) Which states have the highest and lowest tax rates; 2) how those rates compare to the national median; 3) which states offer the most value in terms of low taxation and high cost-of-living adjusted income levels.