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For the second month in a row, California posted the highest unemployment figure in the country. And it was one of only two states with a jobless rate above 5%.
California’s massive budget deficit, coupled with the state’s relatively high level of joblessness, has become a major barrier to reducing the billions of dollars of debt it has incurred to pay unemployment benefits.
In dealing with the economy, President Biden faces all-too-real consequences of higher inflation, and he’s also battling human psychology.
Experts said the visa fee hikes could make a difference in some employers’ efforts to recruit foreign workers.
With the state’s mandatory minimum wage for fast-food workers set to increase to $20 an hour, many restaurant chains are preparing to raise prices.
Shohei Ohtani’s name and image has been a powerful marketing force. Will the controversy around his ex-interpreter affect his brand potential going forward?
While the tech industry has been roiled by layoffs, the greater focus on AI could lead to new jobs in the future.
Nationally, the U.S. had another strong month of job growth in February, but California has trailed the nation and its unemployment rate is substantially higher.
Americans are now importing more from Mexico than China. That means more goods are coming by truck through Texas, and less cargo enters the Southland’s ports.
Logistics has been an economic lifeline for the Inland Empire for decades. Now that the industry is hitting a downturn, the region is feeling the pain.
