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California job growth loses
steam in December as payrolls shrink

Los Angeles Times, by Ricardo Lopez

Original Article

Posted By:JoniTx, 1/18/2013 3:33:01 PM

After outpacing the U.S. for most of last year, California’s jobs engine lost momentum in December as employers´ payrolls shrank by 17,500 last month. The unemployment rate remained unchanged at 9.8% last month, according to figures released Friday by the state’s Employment Development Department. The loss of payroll jobs in December ends seven months of job growth in the Golden State. For much of the year, yearly job growth was hovering around 2% but has now dropped to 1.6%. Economists called the jobs report disappointing. Some said job losses last month might have been caused by employers to hold off

      


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Reply 1 - Posted by: sardonic, 1/18/2013 3:37:42 PM     (No. 9124973)

When was the increase in income and sales taxes approved? I mean one can wonder if there is a connection, right?

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Reply 2 - Posted by: Feebie, 1/18/2013 3:38:56 PM     (No. 9124975)

Been gone a year now.

Finally was able to start a family.

California does not like producers and are unfriendly to businesses.

These are the natural consequences of years and years of cronyism, entrenched unions, one party control and over regulations (and High TAXES!).

Good luck, California - yer gonna need it!

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Reply 3 - Posted by: jimmyfoxhound, 1/18/2013 4:06:58 PM     (No. 9125024)

Those darn republicans!!

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Reply 4 - Posted by: ColoWapiti, 1/18/2013 4:25:36 PM     (No. 9125049)

If payrolls shrink, doesn´t that mean growth has not just lost steam, but that it has evaporated?

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Reply 5 - Posted by: tributerider, 1/18/2013 4:44:19 PM     (No. 9125086)



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Reply 6 - Posted by: tributerider, 1/18/2013 4:46:34 PM     (No. 9125094)

We moved the family out of California about a year ago too and have not regretted the move once. In fact, we have friends who are considering doing the same thing. It is nice to finally live in a state where you don´t have to fear your state legislators. California is a joke!

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Reply 7 - Posted by: valinva, 1/18/2013 5:03:32 PM     (No. 9125136)

The job creation was phony reporting in the runup to the election. Several months CA was estimated as the state was unable to get the numbers to the Dept of Labor in time. It´s all down hill from here.

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Reply 8 - Posted by: Theeo, 1/18/2013 5:17:55 PM     (No. 9125163)

So Long CA, it´s been good to know Ya!

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Reply 9 - Posted by: bob913, 1/18/2013 5:18:58 PM     (No. 9125164)

How is this possible?
13% tax hikes starting now for state/federal with more coming can only help right?

My cousins socialist husband told me in December that the California economy is on fire.

I guess he meant it was flaming out!

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Reply 10 - Posted by: noproblems, 1/18/2013 6:13:35 PM     (No. 9125259)

would like to know how much of their growth last year was private verses public.

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