Tag: California Economy
Voters’ Unease on Crime, Homelessness Colors Views of Future
We recently reported on voters’ concerns about the economy and the state’s business climate. Based on the CalChamber poll’s findings, it is safe to...
Economic Uncertainty, Need to Improve Business Climate Top of Mind for California Voters
California voters are readying themselves to face lean economic times, and want state elected leaders to do likewise, according the latest CalChamber poll, the...
California Economy: a Soft Landing, Or a Mild Recession?
The latest UCLA Anderson Forecast for California offers two potential scenarios for California’s economy — a soft landing led by such factors as more...
California Finance Department Spokesperson Explains How State Went From Record Budget Surplus to Possible...
California is no stranger to economic booms and busts. But 2022 may be a prime example of how quickly and drastically the state's fiscal...
Federal Reserve Fights Inflation, Walks Line Between Soft Landing, Recession
The Economy
The Drumbeat of a Recession Is Growing Louder, But It Is Probably Not Here Yet
We are sure in an odd place, economically speaking....
Foreign Direct Investment in California, U.S. Rebounding After Dropping During Pandemic
International economies continued to be beset by the detrimental effects of the COVID-19 pandemic last year, reducing the amount of foreign direct investment in...
California’s Tourism Marketing Investment Sees Record Return on Spending
California’s investment in tourism marketing has been paying off, yielding a record $17.1 billion return on advertising spending in 2021, according to Visit California.
While...
CalChamber Opposes Bill Jeopardizing State’s Music Industry
A California Chamber of Commerce-opposed bill that would deliver a massive blow to the state’s music industry and drive talent and jobs out of...
Record Budget Surplus Calls for Tripling Down on UI Fund Offset
Californians have traveled a bumpy road to post-pandemic recovery, with healthy employment and wage growth on the one hand, but soaring inflation and cost-of-living...
Extending CalCompetes Is Key to Job Growth and State-Wide Investments
The COVID-19 Pandemic triggered the deepest recession since the Great Depression. But just as the economic toll was steep, so is our economic recovery. ...
Unprecedented Budget Surplus Is Focus of May Revision
To nobody’s surprise, Governor Gavin Newsom on Friday announced another upward revision in the state’s general revenues—a $55 billion bump since January. To the...
CalChamber Issues Statement on Governor’s May Revision
California Chamber of Commerce President and CEO Jennifer Barrera issued the following statement in response to Governor Gavin Newsom’s May Budget Revision released today:
“We...
Travel Making a Comeback, But More Quickly in Some Areas Than Others
May marks the celebration of Tourism Month in the United States, highlighting what for California is a significant sector of the state’s economy.
Travel spending...
California Celebrates National Small Business Week
As the country observes National Small Business Week, the California Chamber of Commerce joins in honoring the state’s small businesses, many of which are...
Job Killer Bill Excuses Workplace Absenteeism, Endangers Worksites
A California Chamber of Commerce-job killer bill that will excuse workplace absenteeism and cripple emergency response is making its way through the California Legislature.
The...
How Workers Lose with 4-Day Workweek Proposal
For years, employees have expressed their desire for the kind of workplace flexibility that would allow them to set a flexible daily schedule or...
We’ve Reached Peak Budget
The Legislative Analyst has cried “last call” for the state budget bash.
Even as the State Legislature enjoys the prospect of spending record budget surpluses, its...
CalChamber Releases 2022 Job Killer List
The California Chamber of Commerce today released the first wave of bills to be included on its 2022 job killer list. The preliminary list...
Gas Prices and the Gann Limit
Nothing shouts “cost of living” quite as loudly as gasoline prices in Los Angeles averaging $6.01 a gallon. Inflation has reached a 40-year high...
New Job Killer Bill Allows Employees to Refuse to Show Up for Work
A newly identified California Chamber of Commerce job killer bill that is opposed by more than 60 organizations passed the Senate Labor, Public Employment...