economy

featured graphic for US Federal Reserve System

Indicators of economic activity and employment have continued to strengthen. Job gains have been strong in recent months, and the unemployment rate has declined substantially. Inflation remains elevated, reflecting supply and demand imbalances related to the pandemic, higher energy prices, and broader price pressures. The invasion of Ukraine by Russia …continue reading

The US Census Bureau reports in dry terms that the US economy dove off a cliff in April. When reading the numbers, remember that your local government (as well as the State of California) depends in large part on sales tax to keep things running. Also remember that these changes …continue reading

At City Journal, Joel Kotkin looks at what California faces due to the economic impact of the COVID-19 lockdown, lack of spending restraint, and likely catastrophic revenue downturn. Here is an excerpt: The coronavirus-induced recession will make clear how tenuous California’s financial condition has become. The state’s much-touted $21 billion …continue reading

Senator Ling Ling Chang (R-Diamond Bar) released the following statement in response to Governor Newsom’s plan to modify the state’s stay-at-home order: “Public health is the top priority right now as millions of Americans continue to follow the state’s stay-at-home order during the COVID-19 pandemic. However, we must simultaneously prioritize …continue reading

featured graphic for the CSSRC

Senate Republican Leader Shannon Grove (R-Bakersfield) released the following statement in response to Governor Newsom’s plan to modify the state’s stay-at-home order. Leader Grove along with Republican Senator Patricia Bates (Laguna Niguel), Senator Ling Ling Chang (Diamond Bar), and Senator John M.W. Moorlach (Costa Mesa) signed a letter which was …continue reading