California Sees 65.6% Increase In Six-Figure Jobs
Mike LaFirenza One of the COVID-19 pandemic’s most significant long-term effects on the economy could be rising wages. With widespread shortages in the labor market reported this summer, many employers—particularly those with lower-wage employees—have tried to entice workers with improved compensation and benefits. These trends have led to the fastest rates of wage growth since […]
California Had 4th Most Mortgage Delinquencies During The Great Recession
Mike LaFirenza More than 18 months into the COVID-19 pandemic, much about the pandemic-era economy remains unusual and difficult to analyze. From a labor market that has both worker shortages and high unemployment to supply chain breakdowns and inflation fears, it has been a challenge to assess the true state of the economy and what […]
California Homeowners Spend Most On Housing
Mike LaFirenza Housing prices in the U.S. have been on a steep upward trajectory over the last year and are continuing to climb. Unusual economic conditions, strong demand for homes, and record low inventory have made the residential real estate market highly competitive and sent prices skyrocketing. According to data from the Department of Housing […]
California Has 13th Worst Teen Drinking And Driving Problem in U.S.
Mike LaFirenza One of the most dangerous acts a teenager can commit is getting behind the wheel after drinking. Young drivers are already higher-risk than other age groups due to their inexperience, their likelihood of being distracted while driving, and the higher prevalence of dangerous behaviors like speeding or not wearing a seatbelt. When alcohol […]
California First Responders Earn $78,957 Per Year, Most in U.S.
Mike LaFirenza Between the COVID-19 pandemic, more intense hurricanes, and ongoing wildfires impacting the western U.S., first responders are being challenged more than ever. While first responders are on the front lines during emergencies and face more danger than most people do in their occupations, they don’t earn much more. According to data from the […]
California Has 6th Most Government Debt Per Capita
The COVID-19 pandemic has had enormous impacts on state and local governments by reducing tax revenue, causing widespread unemployment, and increasing healthcare costs. In addition to reducing spending and, in some cases, raising taxes, state governments have relied on debt to address their budget shortfalls during the pandemic. According to data from the U.S. Census […]
20.2% Increase In California Construction Employment, 10th Largest In U.S.
By Mike LaFirenza While the potential for trillions of dollars of new infrastructure spending looms on the horizon, America’s construction industry is struggling to even keep pace with current demand for new homes, businesses, roads, and bridges. A shortage of supplies and employees has created ongoing challenges for construction firms and their customers. “The home […]
California Has The 13th Most Residents Behind On Mortgage Payments
After a year and a half of the COVID-19 pandemic, many of the policies put in place to protect homeowners and renters are coming to an end, and this fall could see a wave of foreclosures and evictions as a result. From early on in the pandemic, policymakers enacted measures to protect renters and homeowners […]
California Is 20th Least Dependent On Federal Aid
For many Americans, the federal government’s packages to stimulate the economy during the COVID-19 pandemic are notable for the direct relief they have offered to individual households, like stimulus checks and expanded unemployment benefits. But these bills have also brought unprecedented levels of federal investment into state and local governments. One of the major features […]
11.8% Of California Residents Live In Poverty
During the COVID-19 pandemic, the U.S. government has pumped unprecedented amounts of financial relief to American households to stave off potential economic disaster. From the expansions of social safety net programs like unemployment insurance and food stamps to multiple rounds of direct payments, Congress’s multiple relief packages over the last year have helped put many […]
