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    Learn More At 2% of the State's Employment, Green Jobs Won't Meet Work Demands Alone Learn More »
  • LAO Report
    Learn More California's High Housing Costs: Causes and Consequences Learn More »
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    Learn More The 2015-16 Budget: California's Fiscal Outlook Learn More »
February 2015
  • 6.8%
    CA Unemployment
  • -0.5%
    One Month Change
  • -1.5%
    Year Over Year
  • 5.8%
    US Unemployment

Cap-and-Trade revenues are primarily being spent in the southern Central Valley, the San Francisco Bay Area and Southern California. Though there are clear guidelines for geographically allocating 25% of the Cap-and-Trade revenues, clear guidelines have not been established to geographically allocate the remaining 75%. This report outlines three potential principles for allocating the remaining funds geographically
Living in decent, affordable, and reasonably located housing is vitally important to every Californian. Unfortunately, housing in California is extremely expensive and, as a result, many households are forced to make serious trade-offs in order to live here. While many factors have a role in driving California's high housing costs, the most important is the significant shortage of housing in the state's highly coveted coastal communities. We advise the Legislature to address this housing shortfall by changing policies to facilitate significantly more private home and apartment building in California's coastal urban communities.
March 20, 2015
California’s unemployment rate fell to 6.7% from 7% a month earlier and 8% in February 2014, according to the state Employment Development Department. The rate is at its lowest level since May of 2008.
March 19, 2015
During the third quarter that ended in September, average weekly wages in Santa Clara County hit $2,012 — more than double the national average of $949 a week, the U.S. Bureau of Labor Statistics reports in a newly released study.
March 18, 2015
"The Bureau of Labor Statistics revised its 2014 employment numbers Tuesday and sharply raised net job creation in California to nearly a half-million. The upward revision in California was accompanied by a downward revision for Texas, reversing what had been reported earlier to be a big edge for the latter."



March 23, 2015 / Brookings Papers on Economic Activity

March 20, 2015 / Tiffany Hsu