by jpitney | May 18, 2024 | California Politics, Economic Policy
Don Lee at LAT: California posted another month of anemic job growth in April, keeping the state’s unemployment rate the highest in the country, 5.3%, the government reported Friday. Statewide, employers added a net of just 5,200 jobs in April, down from 18,200 in...
by jpitney | May 11, 2024 | Economic Policy
William A. Mundell, Founder and Chairman of Work to Own, and Chairman of Neurosphere Entertainment, at Forbes: In his last published work, John Steinbeck, that great chronicler of the working class, mused that Americans never embraced socialism because the poor...
by jpitney | Apr 29, 2024 | California Politics, Economic Policy
Heather Haddon at WSJ: Restaurants for months have said menu prices in California would rise as the state raised the minimum wage for fast-food workers. Now they are following through. Consumers picking up burgers, burritos and chicken sandwiches at chains in the...
by jpitney | Apr 13, 2024 | California Politics, Economic Policy, Taxes
Tax Foundation: How does California’s tax code compare? California has a graduated state individual income tax, with rates ranging from 1.00 percent to 13.30 percent. California has a 8.84 percent corporate income tax rate. California has a 7.25 percent state sales...
by jpitney | Mar 9, 2024 | California Politics, Economic Policy
Don Lee at LAT: U.S. employers continued hiring new workers at a brisk pace last month, providing fresh evidence that the overall economy remains sturdy, but the new data showed that California is still looking like an underachiever. California’s job growth has been...
by jpitney | Mar 4, 2024 | Budget, Debt, Economic Policy
Mark J. Warshawsky at AEI: Last week, the Treasury Department released, with no fanfare, the massive Financial Report (FR) of the US Government. Using an accrual accounting basis, rather than a cash basis, the FR shows a much poorer picture of the current finances of...
