According to a statewide survey from the Public Policy Institute of California, 69 percent of those polled – 71 percent of likely voters – say bad times lie ahead. That represents a pessimism jump of 17 points from November of 2021.
State controller candidate Lanhee Chen, center, speaking with potential voters. (Photo: Chen campaign committee)Lanhee Chen decided to become a Republican at age 10 after watching the 1988 presidential debate between George H.W. Bush and Michael Dukakis. He has a vivid memory of watching Bush talk about “compassionate conservatism” and how important it is to encourage people to help one another. “Government is not the reflexive solution to everything,” said Chen, 44. “That was the vision.”
A worker makes repairs to an electric rotor turbine unit at a geothermal plant. (Photo: VG Photo, via Shutterstock)One month does not equal a trend, but can be a cause for concern. For instance, employers in California added 19,900 nonfarm payroll jobs in August after registering 84,800 new hires in July. Meanwhile, the Golden State’s unemployment rate rose to 4.1% in August from July’s 3.9%, according to the state Employment Development Department.
Employees on the job at a Santa Barbara restaurant. (Photo: Ruben M Ramos, via Shutterstock)California’s growth of nonfarm payroll jobs continued on a steady pace as 2021 ended, according to recent figures from the state Employment Development Department that do not fully reflect the impact of the Omicron variant of COVID-19. “The 50,000 gain in the labor force was encouraging in December and certainly included more women,” economist Lynn Reaser told Capitol Weekly.
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%.
The state Capitol in Sacramento, the seat of California government. (Photo: Always Wanderlust, via Shutterstock)That $26 billion dollar “windfall” that California lawmakers learned about last month may not withstand a second round of economy-squelching lockdowns, and the risk of losing what little leverage they have is a top concern for state budget writers.
Illustration of school children, education and the pandemic. (Photo: Felipe Sanchez, via Shutterstock)OPINION: California is dealing with cascading crises the likes of which have never been experienced before. Between February 2020 and today, California’s unemployment rate rose from a record low of 3.9% to 13.3%. Nearly two million Californians who were working then aren’t working now. And California’s clean energy economy — which employed 3% of the state’s workforce before COVID-19 — has also taken a hit.
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.
Binders and documents relating to wage information. (Photo: Tashatuvango, via Shutterstock)The California minimum wage increase has been approved. The minimum wage will rise by $1 per hour through 2022, up to $15. There are significant costs to employers, both public and private, besides the $5-per-hour increase. Inflation is one of those costs. Let’s look at the real results and implications of what our elected officials have done to us and for themselves on many levels. And let’s find the unintended consequences.
An abstract rendering of multi-faceted California. (Flip Bjorkman)While most indicators signal an economic upswing in California, the reality facing many residents of the Golden State is simple: On the ground, the recovery is still sluggish. Nowhere is that more apparent than in a newly developed database that includes detailed economic information on each of California’s 120 legislative districts and 58 counties.