California unemployment dropped from a revised 5.3 percent in November to 5.1 percent in December, down from 6.0 percent in December 2004. Employers added about 24,000 jobs in December, according to the state survey of employers. About 115,000 more people reported themselves working in the separate survey of households. The news release is here.
Posted by dweintraub at 5:05 PM
The pending federal deficit reduction bill would cost state government about $360 million annually when fully implemented, according to the Legislative Analyst. California university students could lose another $360 million in student aid over time.
Posted by dweintraub at 10:29 AM
Even as Gov. Schwarzenegger is trying to launch his ambitious infrastructure plan, his administration is tied in knots over a proposed toll road in Orange County that is being fought by his brother-in-law, Bobby Shriver. The FlashReport blog is all over the story.
Posted by dweintraub at 9:51 AM