Posts Tagged: jobless

News

CA’s jobless rate falls to 6.9%, but new hiring slows down

A steel worker walks across a beam at a Redwood City construction site. (Photo: Michael Barajas, via Shutterstock)

California payrolls added 47,500 nonfarm workers in November compared with October’s 96,800 new hires, according to the state Employment Development Department. The November new hires accounted for 22% of the U.S.’s 210,000 jobs for the month. In California, November’s unemployment rate of 6.9% improved from October’s 7.3%.

News

California jobless figures reflect uncertain economy

An illustration of employment in California. (Photo: David Carillet, via Shutterstock)

California employers added 47,400 nonfarm payroll jobs in September, the state reported,  sending a mixed signal about the state’s economy with less than half of August’s 104,300 new hires. The Employment Development Department said September’s unemployment rate of 7.5% matched August’s 7.5%. 

News

Perfect budget storm: Virus, joblessness, weak tax receipts

A photo illustration of a tight budget. <(Image: Syda Productions, via Shutterstock)

The rise of unemployment, dwindling tax revenues, emergency spending to fight COVID-19 and renewed fears of wildfires this year are throwing deep strains on the state budget for the new fiscal year that begins just weeks from now.

News

Drought, oil price decline pummel Kern

Pumpjacks in a Kern County oil field, November 2013. (Photo: Christopher Halloran)

Oil and water don’t mix, but in Kern County they’ve joined to create a double-whammy. Already confronting a drought of historic proportions, Kern County — the nation’s No. 2 agricultural county — also faces a severe financial hit because of falling oil prices. The county is home to more than two-thirds of California’s oil production.

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