Posts Tagged: jobless
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%.
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.
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.