The oil and gas industry makes a significant contribution to the Californian economy. Extraction, production, refining and petroleum products manufacturing result in highly tradable products both consumed domestically and exported, producing high revenues, high wage jobs and significant fiscal revenues for all levels of government.
In this report, the Economic and Policy Analysis Group of the Los Angeles County Economic Development Corporation (LAEDC) conducts an industry contribution analysis of the oil and gas industry in California in 2012.
April 4, 2014
U.S. nonfarm payrolls rose a seasonally adjusted 192,000 last month, the Labor Department said Friday. January and February payrolls were revised up by a combined 37,000. The nation's unemployment rate held steady at 6.7% as more people found work and more people joined the labor force.
April 2, 2014
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.
April 2, 2014
The UCLA Anderson Forecast said L.A. needs to make bigger strides in improving the education of its workers and business climate. The county has lost more net jobs than any large metropolitan area in the nation from 1990 to 2013, the forecast said.
March 27, 2014
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.
March 16, 2014
California’s economy is recovering from its worst recession since the Great Depression – no doubt about that.
But its recovery is very slow, very geographically and socioeconomically uneven, and exacerbates the decline of a once-vibrant middle class and the evolution of a distinctly two-tiered society.