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California’s labor market weakened at the end of summer, with the unemployment rate ticking up again and the state eking out a small number of new jobs, according to new data released Friday.
The Job Openings and Labor Turnover Survey (JOLTS) also showed 5.27 million hires were made during the month, down from the 5.39 million made during October.
While the statewide vacancy rate has consistently hovered above 10% for at least the last 20 years, vacancies in recent years have at times ballooned to more than 20%. As of last month, about one ...
Fed Chair Ben Bernanke testified in May 2013 that: "Notably, over the past four years, state and local governments have cut civilian government employment by roughly 700,000 jobs, and total government employment has fallen by more than 800,000 jobs over the same period. For comparison, over the four years following the trough of the 2001 ...
In a surprisingly strong economic report, California employers stepped up hiring in May and the state unemployment rate fell for the first time since 2022.
More children drop out of high school in US states with higher economic inequality. The United States Department of Education's measurement of the status dropout rate is the percentage of 16 to 24-year-olds who are not enrolled in school and have not earned a high school credential. [1]
The Federal Reserve kept its thumb squarely on the pause button at this week’s meeting. That’s good news for your bank accounts, since another rate cut would probably mean a lower return on ...
For decades, California had enjoyed full funding for its schools and unique educational programs. Then in 1978, California voters approved Proposition 13 in an attempt to cut property taxes. The state's public school system and its employees would never be the same. By 1995, California plummeted from fifth in the country to 40th in school spending.