05/24/2022

News

Why June’s Job Numbers Are Disappointing, Despite Lower Unemployment Rate

“Small businesses took a breather from hiring last month after a string of five solid, positive months,” said NFIB Chief Economist William Dunkelberg. “Growth in the first few months of the year was lousy and big firms are beginning to show signs of wear and tear, layoffs are being announced and profits are fading.”

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State Launches One-Stop Website for Business Rules and Incentives

The business portal, a tool from the Governor’s Office of Business and Economic Development, provides companies with a map to navigate state and federal regulations, and access state assistance in areas like finding a site and accessing agencies that train workers.

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California Scores Nearly 2,000 Clean Energy Jobs

California created nearly 2,000 clean energy and clean transportation jobs in the first quarter, to rank second in the nation behind Georgia, according to a report made public Tuesday.

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Sacramento Region Hit Hard by CalPERS Health Plan Rate Hikes

People who work for cities, counties, school districts and other public agencies in the four-county Sacramento region face an average HMO premium increase next year of 12.2 percent. Amounts vary by health plan from a low of 5.17 percent for Kaiser Permanente to 18.76 percent for the Blue Shield NetValue plan. Anthem Blue Cross charges more here than in any other region, including the Bay Area.

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California Jobless Claims Jump by Nearly 11,000

California reported the largest increase in claims of 10,917. The state attributed the change to layoffs in the service industry.

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Governor Backs Off Pledge To Ask Voters for New Taxes

Gov. Jerry Brown apparently has liberated himself from the self-imposed pledge to ask voters to approve new state taxes.

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Legislative Schuffle Pulls $1B in Cap-and-Trade Money Out of Budget Debate

“We can’t let communities fall behind. We can’t create a situation in which only the wealthy take advantage of subsidy programs,” said Assemblyman Henry Perea, a Fresno Democrat.

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GO-Biz Director Steps Down

Kish Rajan has stepped down as director of the Governor’s Office of Business and Economic Development, the agency said Thursday. He’s taking a job as president of the Southern California Leadership Council, a nonprofit focused on economic policy issues.

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Governor on Professional Services Tax: I Don’t See the Path Forward

The governor immediately mentioned his reservations around a proposal by Sen. Bob Hertzberg to impose a sales tax on professional services such as accounting and advertising.

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Huge Coalition Launches $10M Media Campaign to Hike Medi-Cal Rates

With one in three Californians — more than 12 million — now covered by Medi-Cal, payment reform is a huge issue. Medi-Cal rates rank 48th in the nation. It pays about half what Medicare does for primary care. Supporters say a hike in rates would stabilize provider networks and boost access to care for people on the Medi-Cal program.

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Controller: State Tax Revenue Now $3.4 Billion Above Estimates

The windfall is driven by a jolt of personal income taxes, as California bounds through its economic recovery. Income taxes have come in $2.7 billion above projections.

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California Jobless Claims Drop by 4,000

California reported a decrease in new claims of 4,218. The state attributed the change to fewer layoffs in the service industry as well as in agriculture, forestry, fishing and hunting.

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Gas Prices Spike in Sacramento, State Due to Refinery Issues

Due to problems with refineries in California, gas prices rose sharply in the state and in the Sacramento region. The average price of a gallon of regular gas is $3.257 compared to $2.974 a week ago, according to the AAA Fuel Gauge Report.

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Report: New Tax on Services Could Boost State Revenue by Nearly 50%

On the heels of a bill to impose new taxes on professional services, the California Board of Equalization estimates that such a law would generate some $123 billion for the state, with revenue roughly split between state and local government.

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Union-Backed Bill Would Mandate Up To 10 Weeks of Family Leave, At Higher Pay

The legislation from Assemblyman Jimmy Gomez, a Los Angeles Democrat, would increase the paid family leave program up to 10 weeks instead of the current maximum of six weeks, and would increase wages earned during that time on a new formula based on a worker’s regular wages.

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