News

One recent study predicts the cost of electricity in California alone could jump 47% over the next 16 years, in part because of the state’s shift toward more expensive renewable energy.

California’s economy added 11,800 net new jobs in March, a meager showing after robust gains the month before, the Bureau of Labor Statistics reported Friday

Problems at some of the state’s fuel refineries have sent gasoline prices soaring in California just in time for the kickoff of the busy driving season.

After a months-long battle with the city of Irwindale over complaints about a spicy odor, Sriracha sauce creator David Tran said Wednesday he is now seriously considering moving his factory to another location.

The measure was passed by a bare majority of five votes by the Senate Natural Resources and Water Committee after some Democrats abstained and Chairwoman Fran Pavley (D-Agoura Hills) provided a courtesy vote to keep the issue alive for more discussions that could end up changing the bill.

Three months after it painted Los Angeles as a metropolis stumbling into decline, the Los Angeles 2020 Commission offered 13 recommendations Wednesday that it said would “put the city on a path to fiscal stability and renew job creation.”

The portion of stay-at-home mothers with children under age 18 rose to 29% in 2012 from 23% in 1999, according to a new Pew Research Center analysis of government data. Prior to that, the share of stay-at-home moms had declined for three decades as women in general flooded into the workforce.

The race began after the federal Energy Information Administration estimated in 2011 that more than 15 billion barrels of recoverable oil is trapped in what’s known as the Monterey Shale formation, which covers 1,750 square miles, roughly from Bakersfield to Fresno.

The ongoing drought in California could dampen employment growth in coming years and have a ripple effect on several industries in the state, according to a UCLA report released Wednesday.

For the first time in months, most Californians are shelling out more than $4 for a gallon of regular gasoline. And with the busy summer driving season ahead, prices are likely to move even higher, fuel analysts said.

About 150 employees at rocket engine maker Aerojet Rocketdyne in Canoga Park were told Wednesday that they would be laid off as part of a companywide reduction that the company says is related to last year’s merger.

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.”

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.

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.