The state’s Employment Development Department reported Friday that California’s jobless rate is at its lowest point since November 2008, nearly a year after the recession began.
Nevada’s rate, while tied with California and Mississippi for the highest among states at 9.6 percent, was down from 11.8 percent a year ago.
Unemployment rates in parts of the Bay Area saw increases in January while the statewide rate went unchanged for the month, according to employment data released Friday.
A new report has cut the Bay Area’s economic benefits from the America’s Cup Race this summer in San Francisco from $1.4 billion down to $780 million.
Silicon Valley’s economic engine may still be humming along, but it does appear to be downshifting into a slightly slower gear.
A new poll shows that most Californians are downright gloomy about the state’s economy and very few voters think the job market will improve this year.
Big parties are making a comeback in San Francisco, as big companies give up on recession chic and pull out the stops to entertain in style.
Santa Clara University Economic Professor Mario Belotti’s annual economic forecast calls for a 2.5 percent growth this year.
Gov. Rick Perry is wrapping up his high-profile recruiting trip to California without having convinced any businesses to relocate to his state—at least not yet.
President Barack Obama is urging a divided Congress to boost job creation and strengthen the middle class through a package of government-backed proposals – a move that drew support from members of California’s largely Democratic Congressional delegation.