Below are the monthly updates from the most current December 2021 fuel price data (GasBuddy.com) and October 2021 electricity and natural gas price data (US Energy Information Administration). With the sole exception of a minor (1 to 2 cents vs. 6 to 10 cents in the other states) easing in fuels, energy costs continued […]
Initial claims for the week of January 1 rose slightly compared to the prior week but were down overall by about 10% compared to the first three weeks of December. Initial claims in California rose 4.1%.
Highlights for policy makers:
COVID-19 and the State Economy
GDP Drops in Most Regions
CaliFormer Businesses: Update
Employment 868k Below Pre-Covid Level
Labor Force Participation Rate
Nonfarm Jobs: 826k Below Pre-Covid Level
Jobs Change by Industry
Employment Recovery by Region
Unemployment Rates by Legislative Districts
Unemployment Rates by Region
MSAs with the Worst Unemployment Rates
The latest new vehicle data from California New Car Dealers Association shows total new light vehicle registrations in the third quarter were down 19.6% from the same period in the prior year, an improvement over the 48.9% drop in the second quarter but still lagging well behind the overall national decline of 8.4%. In addition to the associated jobs impacts, new vehicle sales are also a critical component of state and local revenues, with Motor Vehicle and Parts Dealers (NAICS 441) producing 12% of total taxable sales in 2019.
Initial claims for the week of December 11 continued rising but at a slower rate in the state while declining elsewhere in the nation.
The July trade figures in general continue to show a degree of recovery when compared to the 2019 pre-pandemic levels, but only regaining ground rather than moving forward. On an annualized basis, import flows were up 3.1% annually from 2019 in nominal terms, and export flows up 3.3%. In real terms, both were essentially unchanged.
Download Report Below are the monthly updates from the most current November 2021 fuel price data (GasBuddy.com) and September 2021 electricity and natural gas price data (US Energy Information Administration). The most recent data reflects continuing rises in energy costs from California’s regulatory policies, but also incorporates more national and global effects as limits on […]
Initial claims for the week of December 4 reversed the downward trend of the past two weeks. Initial claims in California rose 20.8%.
Initial claims for the week of November 27 finally saw some movement within California towards pre-pandemic levels.
Highlights for policy makers:
COVID-19 and the State Economy
CaliFormer Businesses: Update
Employment 948k Below Recovery
Labor Force Participation Rate
Nonfarm Jobs: 886k Below Recovery
Jobs Change by Industry
Employment Recovery by Region
Unemployment Rates by Legislative Districts
Unemployment Rates by Region
MSAs with the Worst Unemployment Rates
The Center for Jobs and the Economy has released our initial analysis of the October Employment Report from the California Employment Development Department. While the October job and employment numbers were again positive, California’s recovery progress continued to lag behind the rest of the country. The stronger non-farm jobs numbers reported in October, however, reflect […]
Initial claims rose 11.7% in California for the week of November 13 while dropping 12.2% in the rest of the country.
Initial claims eased 4.3% for the week ending November 6 in California, while rising 8.4% in the rest of the US largely due to increased claims in states with substantial vehicle manufacturing as that industry has cut production due to the current supply chain blockages.
Download Report In August, California’s rising energy costs again broke new barriers as the average residential electricity rate (12-month moving average) surged to the highest among the contiguous states. California’s residential price currently is on course to surpass high-cost Alaska as well. While California leaders often lay claim to the state leading in a number […]
The July trade figures in general continue to show a degree of recovery when compared to the 2019 pre-pandemic levels, but only regaining ground rather than moving forward. On an annualized basis, import flows were up 3.1% annually from 2019 in nominal terms, and export flows up 3.3%. In real terms, both were essentially unchanged.