[Source: Los Angeles Times] During California’s biggest state budget fights, many of which played out in the shadow of monster deficits, lawmakers clashed mightily over this question: Were the state’s problems a result of too little cash or too much spending? Those who believed it was a cash problem seem to have prevailed. But don’t Read More…
Tag: economy
California exports its poor to Texas, other states, while wealthier people move in
[Source: The Sacramento Bee] California exports more than commodities such as movies, new technologies and produce. It also exports truck drivers, cooks and cashiers. Every year from 2000 through 2015, more people left California than moved in from other states. This migration was not spread evenly across all income groups, a Sacramento Bee review of Read More…
Economist says job creation ‘miserable’ as Orange County market slows
[Source: The Orange County Register] Orange County’s job growth has slowed dramatically as the county has neared what economists consider full employment and the cost of housing continues to rise. Payrolls grew by 1.1 percent to 1,572,300 from January 2016 to January this year, state employment officials said Friday. Last March the year-over-year job growth Read More…
LA County, Inland Empire post heavy job losses in January
[Source: Los Angeles Daily News] Los Angeles County and the Inland Empire saw heavy job losses in January following the meager gains that were posted in December, but California still managed to add nearly 10,000 jobs, the state Employment Development Department reported Friday. L.A. County employers shed 78,700 jobs in January, fueled primarily by a Read More…
San Jose area, Oakland area job markets wobble, sparking economic uncertainty
[Source: East Bay Times] The job markets in Santa Clara County and the East Bay slumped to start out the year, according to a state labor report released Friday that indicated some cracks have materialized in the region’s employment sector. Santa Clara County lost 3,500 jobs while the Alameda County-Contra Costa County area lost 900 Read More…
Trump team prepares dramatic cuts
[Source: The Hill] Donald Trump is ready to take an ax to government spending. Staffers for the Trump transition team have been meeting with career staff at the White House ahead of Friday’s presidential inauguration to outline their plans for shrinking the federal bureaucracy, The Hill has learned. The changes they propose are dramatic. The Read More…
Small business owners’ optimism skyrockets following Trump victory
[Source: Bloomberg Markets] Small businesses seem to like a unified Republican government. President-elect Donald Trump’s victory in the U.S. elections is a giant leap for small businesses, according to a survey of their owners. The November reading of the National Federation of Independent Businesses’ small business optimism index jumped to 98.4 from 94.9 — its Read More…
Doing business in L.A. grew tougher this year
[Source: The Los Angeles Business Journal] It might not be what local business owners want to hear, but the cost of doing business in Los Angeles has gone up yet again and will likely jump even more next year, according to a survey to be released this week. The annual Kosmont-Rose Institute Cost of Doing Read More…
Brown probably won’t leave budget deficit, but future cloudy
[Source: The Sacramento Bee] California’s gubernatorial transitions have included a less-than-stellar tradition in recent decades – outgoing governors leaving budget deficits to successors. The current governor, Jerry Brown, started the syndrome in 1983 when he departed after his first gubernatorial stint and left a $1.5 billion budget hole – big money in those days – Read More…