“Waiter and Waitress Nation” is the title of a recent posting by American Enterprise Institute economist James Pethokoukis. Of the 175,000 net payroll jobs added nationwide in May 2013, more than half were created by three sectors associated with lower wage jobs, the restaurant sector (38,100 jobs), retail trade (27,700) and temporary employment (25,600 jobs)
California’s manufacturing sector received middling marks in an economic report released this week.
Company: PennyMac Loan ServicesCA Net Job Gain/Loss: 200Reason: ExpandCity/Region Gaining Jobs: Sacramento, CA
Company: State Healthcare ExchangeCA Net Job Gain/Loss: 500Reason: ExpandCity/Region Gaining Jobs: Rancho Cordova, CANotes: Call center created to help implement federal healthcare program in California
The median price of a previously owned house in California soared 31.9 percent in May, the largest year-over-year increase in more than three decades as sales of more expensive properties increased and inventory remained tight, a trade group said Monday.
A new front is opening in the education wars as a report released Tuesday derides California’s teacher training schools as among the worst in a nation full of substandard programs.
California’s lawmakers agreed last week on a state budget that tackled issues like school funding and Medi-Cal, but had little in it for business.
As data dragnets and information breaches dominate the news, states are scrambling to cash in on a rapidly expanding business sector by offering tax incentives to firms that protect sensitive information from outside attacks.
During the downturn, new home construction plummeted along with jobs and personal incomes. Today, a major forecast for the Sacramento region suggests these measures of economic health are poised to rise together over the next four years.
SACRAMENTO — Let’s say you were buried under an avalanche of debt for years and could only make the minimum payments on your credit card bills. But then you started cutting back your expenses — and even got a raise at work. Suddenly, you were paying your bills on time, and even going out to eat a couple of times a month.
The tectonic plates of the world economy are shifting, moving the yield on the 10-year Treasury to the highest level in more than a year and shaking financial markets from Tokyo to Mumbai and Johannesburg to São Paulo.
In the movie Thelma and Louise, the two hapless heroines clasp hands and hurl their turquois Thunderbird over a cliff and into an abyss of certain death. It’s become an iconic moment in American film, a noble if extreme solution when all hope is lost.
States this year awarded tax breaks to businesses, touted worker-training programs and even poached jobs from each other to boost their economies and create work for the nearly 12 million Americans still unemployed.
Company: SymantecCA Net Job Gain/Loss: Impact UnknownReason: LayoffCity/Region Losing Jobs: Mountain View, CANotes: Job losses not broken down by location
Company: JDSU Uniphase Corp.CA Net Job Gain/Loss: -125Reason: LayoffCity/Region Losing Jobs: Santa Rosa, CA