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July 2014
?
  • 7.8%
    CA Unemployment
  • 0.5%
    One Month Change
  • -1.6%
    Year Over Year
  • 6.5%
    US Unemployment

Featured
Aug. 15, 2014
PG&E residential customers can expect a 5.8 percent increase in their gas and electricity bills starting in September after approval by state regulators Thursday of the utility's request for rate hikes.
Aug. 15, 2014
California added more than 27,000 jobs in July, but the state unemployment rate remained flat at 7.4% as the size of the labor force shrank slightly from last month's estimates..
Aug. 14, 2014
California has experienced rapid population growth for most of its history, but that trend has come to an end. California’s population grew by 2.9 percent over the last three years, only slightly above the nation’s 2.4 percent increase. Over the last few decades, millions of Californians have left the Golden State for opportunities elsewhere.
Aug. 14, 2014
The U.S. economy earlier this year recovered all the jobs lost during the recession, but those new jobs pay an average of 23% less than the ones lost in the downturn, according to an analysis released Monday by the U.S. Conference of Mayors.
Aug. 14, 2014
Southern California home sales plunged in July and show little signs of rebounding. And that, economists say, could stunt the region's economic growth..
Aug. 13, 2014
The study (PDF), prepared by the economic consulting company IHS Global Insight (IHS), also compares which metro areas have the most households in the top, bottom, and middle thirds of the country’s income distribution. The areas with the fewest middle-income households are mostly coastal: Out of the 357 metro areas, San Jose has the lowest percentage of households making more than $35,000 and less than $75,000, followed by the areas around Bridgeport, Conn.; Washington, D.C.; San Francisco and Oakland; Boston; and New York. The Washington-Arlington-Alexandria and San Jose-Sunnyvale-Santa Clara metro areas have the highest percentage of households making more than $75,000 and the lowest percentage making less than $35,000.
Aug. 13, 2014
The governing board of the Workers Compensation Insurance Rating Bureau, comprised mostly of insurance industry representatives, voted to file an advisory rate of $2.86 per $100 of payroll, 11 percent more than the industry’s premium average as of July 1.
Aug. 11, 2014
The U.S. economy earlier this year recovered all the jobs lost during the recession, but those new jobs pay an average of 23% less than the ones lost in the downturn, according to an analysis released Monday by the U.S. Conference of Mayors.
Aug. 10, 2014
But today, after decades of expanding property ownership, the middle orders—what might be seen as the inheritors of Jefferson’s yeoman class—now appear in a secular retreat.  Homeownership, which peaked in 2002 at nearly 70 percent, has dropped, according to the U.S. Census, to 65 percent in 2013, the lowest in almost two decade.  Although some of this may be seen as a correction for the abuses of the housing bubble, rising costs, stagnant incomes and a drop off of younger first time buyers suggest that ownership may continue to fall in years ahead.
Aug. 8, 2014
Middle-wage stagnation can damage consumer spending, dent career mobility, stall home buying and exacerbate a poverty rate that's already the highest in the country, economists warn. Those concerns are amplified in a state notorious for a high cost of living. As more mid-tier jobs disappear, economists fear middle-class workers will be increasingly sucked into the ranks of the working poor. And they could crowd out those already working low-wage jobs, or drive their salaries down further.
Aug. 8, 2014
California’s highways are in dreadful shape and need hundreds of billions of dollars in maintenance and reconstruction. Boosting motorists’ costs by more than $2 billion a year without the money being used for highway work would make financing vital repairs even less likely.

Given the heavy financial impact of placing fuel under the cap-and-trade program, it should face legislative scrutiny and direct up-or-down votes, rather than being imposed by an unelected board.
Aug. 8, 2014
Four in 10 U.S. households are straining financially five years after the Great Recession — many struggling with tight credit, soaring education debt and profound issues related to savings and retirement, according to a new Federal Reserve survey.
Aug. 5, 2014
And yet, the latest census bureau report says that California is both the wealthiest state and has the highest poverty rate in the country at 24 percent — meaning almost a quarter of Californians live in poverty. In a big state like California that's a lot of people — almost 9 million — or about the number of people living in New York City.
Aug. 1, 2014
Personal income increased $56.7 billion, or 0.4 percent, and disposable personal income (DPI) increased $51.5 billion, or 0.4 percent, in June, according to the Bureau of Economic Analysis.  Personal consumption expenditures (PCE) increased $51.7 billion, or 0.4 percent.  In May, personal income increased $57.4 billion, or 0.4 percent, DPI increased $55.0 billion, or 0.4 percent, and PCE increased $39.8 billion, or 0.3 percent, based on revised estimates.
Aug. 1, 2014
Hiring by U.S. employers remained robust in July, if a bit slower than previous months, with a broad-based rise in payrolls extending a half-year streak of strong employment gains. . . The unemployment rate, obtained via a separate survey of households, ticked up to a seasonally adjusted 6.2% in July from 6.1% in June. The rise in part reflects an increase in the number of people looking for jobs, some of whom are now being counted as unemployed. The labor-force participation rate ticked up slightly in July, to 62.9% from 62.8% in June, though it remained near its lowest level since the late 1970s.
July 31, 2014
Lockyer called taxes directed at higher income earners “unfortunate” and taxes were too high in California, a comment that drew applause by several of the executives in attendance.
July 31, 2014
Traders said there was no single catalyst for the stumble, though selling started early and accelerated into Thursday's closing bell, dragging the Dow into negative territory, down 0.1%, for 2014.
July 30, 2014
McDonald's Corp. could be treated as a joint employer with its franchisees in labor complaints, according to a National Labor Relations Board legal determination that could have far-reaching implications for how restaurant companies deal with their workers.
July 30, 2014
The U.S. economy surged in the second quarter, more than offsetting a first-quarter contraction and putting growth back on an upward trajectory in 2014.
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