LOTS OF DATA, LOTS OF CHARTS! This morning the California Employment Development Department released it latest labor market information data. The data shows improvement in the Golden State’s labor market with the seasonally adjusted unemployment dropping to 7.6 percent, a level last seen in August 2008. The data also contained small improvements in the labor force as 4,600 Californians entered the labor force. Total state employment rose 39,800 to 17.2 million and unemployment fell by 35,200 to a total of 1.42 million.
As the California Legislature debates raising the minimum wage, I thought it was worth plotting the history of the state’s minimum wage (as adopted in law) against the federal minimum wage to give the policy discussion some context on how the Golden State compares. I also added SB 935 by Senator Mark Leno which is the focus of this year’s debate.
The 2013-14 Budget: California Spending Plan. The LAO’s annual California Spending Plan publication includes detailed descriptions of this year’s state budget package, as approved by the Legislature and the Governor in June and early July. Included are highlights from the
Right now, Larry Summers is the front-runner for Fed chair. That’s not to say Summers is a sure thing. His confirmation would be far tougher than Yellen’s, as Republicans will make him answer for the stimulus and the bailouts, and
California’s Employment Development Department (EDD) released new numbers on Thursday showing stark improvements in the state’s employment situation. EDD reports California’s unemployment rate fell to 8.5 percent and nonfarm payroll increased by 30,200. To look at this report with a