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“California employers have been hearing about an economic downturn, and in response have been freezing hiring, withdrawing job offers and even undertaking layoffs, in some cases.
Recession-proof businesses provide essential goods and services, such as health care, groceries, and car maintenance. This means they maintain consistent demand even during uncertain economic ...
A rise in the 36-month moving average of unemployment has typically only happened when the US was already "deep into a recession," Albert Edwards, a strategist at the firm, wrote.
The following is a list of California unemployment statistics. Many of the counties with the lowest unemployment rates had relatively high levels of income. They were also located in Northern California, with two exceptions: Orange and San Luis Obispo counties. The counties with the highest unemployment rates were generally located in inland ...
In a grim sign for the state, California is projected to see a $58 billion shortfall in revenue collection over the course of three fiscal years, from 2022-23 to 2024-25, according to a report ...
The idea of a coming recession may be scary, and understandably so. The good news is that there's no guarantee the economy will decline in the coming year, despite the Fed's projections.
News reports and commentators have cited the state's various legislative supermajority requirements as a contributing factor to the state budget crisis. [23] [24] The state has a long history of supermajority requirements with a 1933 state ballot measure mandating a two-thirds supermajority to pass the state budget and California Proposition 13 (1978) mandating another two-thirds supermajority ...
Layoffs can happen during a recession and losing your source of income is scary. Evaluate your job security and pick up a side hustle to feel confident you can ride out the hard times.