Category: Research

Tracking the 5 Major Employment Indicators in California

By Michael Bernick Former California Employment Development Department Director & Milken Institute Fellow Thursday, January 22nd, 2015 Last week the latest Job Openings and Labor Turnover Survey (JOLTS) was issued by the Bureau of Labor Statistics (for data through November 2014). It includes key employment indicators of job openings and job openings per job seeker. It builds on November 2014 data released earlier for the key state employment indicators of unemployment rate, payroll job numbers, labor force participation rate, and the little-known but important indicator of involuntary part-time employment (chart below). So what do we see in these five major...

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Build a State Budget for Skills and High-Wage Job Growth

By Dorothy Rothrock President, California Manufacturers & Technology Association Monday, January 12th, 2015   We commend Gov. Jerry Brown for proposing a balanced budget with a sensible reserve for California. However, he noted that the budget is precariously balanced.  He also mentioned that while we grew 1.3 million new jobs since the recession, our declining wage levels are still a concern in California. Like the Governor, we believe the best way to address both problems is to grow tax revenues with an expanding economy. High wage jobs in manufacturing should be a high priority for the state. We are encouraged that this...

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