The number of people filing new jobless claims across the country skyrocketed by 68,000 to 368,000, according to a weekly report from the U.S. Department of Labor. California saw numbers go in the opposite direction, with a huge drop in new claims.
Through the difficult budgets of recent years, “a lot of my frustration was that there’s not a lot of research that indicates what a good investment is” to abate poverty and reduce inequality, he said. Just as the Legislature’s Environmental Caucus has been instrumental in developing landmark legislation that has put California ahead of the nation and world on various issues, so too does DeSaulnier hope this new caucus will do likewise.
Aerospace giant Boeing Co. announced that it would reduce its workforce in Southern California by 200 to 300 people who are part of its research and development unit.
Almost 56 percent of California renters paid more than 30 percent of their gross household income in rent in 2011, more than in any state except for Florida, according to a report issued Monday by Harvard University’s Joint Center for Housing Studies.
California homeowners saving up to overhaul that 1980s-era kitchen or build a porch off the family room face an additional cost in the new year: replacing plumbing fixtures throughout the house.
In the 1950s, one third of the American workforce was employed in the manufacturing industry; the economy not only supported manufacturing jobs, it thrived on the power of this sector. Since then, U.S. manufacturing has been in a sharp decline as overseas production has become the dominant choice for American companies. Since 2000, the U.S. has seen 5.8 million manufacturing jobs shift overseas.
One in five Los Angeles area employers plan to hire more workers during the first quarter, the best showing in several years, according to a survey released today from Manpower Inc.
An official for Gov. Jerry Brown’s Office of Business and Economic Development, or GO-Biz, confirmed Monday that California will submit a proposal to Boeing ahead of the company’s Tuesday deadline for states to submit proposals to host production of the 777X.
In nominal dollars, households already recouped their lost wealth a year ago. But adjusting for inflation, Americans’ net worth is still about 0.5% shy of the peak in the third quarter of 2007, just before the recession hit.
The net worth of U.S. households and nonprofit organizations—the values of homes, stocks and other assets minus debts and other liabilities—rose 2.6%, or about $1.9 trillion, in the third quarter of 2013 to $77.3 trillion, the highest on record, according to the Federal Reserve.
The economy still faces challenges, the National Assn. for Business Economists said Monday. But most participants in the group’s quarterly survey expect there will be enough growth for the Federal Reserve to start reducing a key stimulus program in the first half of next year.
Property theft in California increased in the first year of correctional realignment, according to a new report by the nonpartisan Public Policy Institute of California highlighting the policy’s possible effect on future crime rates.
A $25-billion proposal to re-engineer the hub of California’s sprawling water system may not yield all the water that San Joaquin Valley farmers and Southland cities want, leaving open the question of whether the massive project will be built.
A new future for the troubled Sacramento-San Joaquin Delta was laid out for public review Monday in 34,000 sprawling pages of analysis associated with two giant water-diversion tunnels proposed by Gov. Jerry Brown. The question now for the public and policy makers: Is this the future they want?
A contentious project to divert water supplied to Southern California past an ecologically sensitive river delta moved a step closer to fruition Monday, as state and federal officials unveiled a draft final environmental analysis.