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The latest news and updates from the California Business Roundtable. Sign up to receive updates straight to your inbox at [email protected].
California Continues to Triple Down on Policies to Drive Up the Cost of Gasoline
The statewide business community commends Governor Gavin Newsom and the California Legislature for the passage and signing of a series of bills designed to address the ongoing retail theft crisis affecting businesses across the state....
The Roundtable looks forward to working to implement key elements of Prop. 1 as part of a larger solution.
- 03/12/2024
The Roundtable membership has voted to support several key measures on the 2024 ballot.
- 02/05/2024
The California Business Roundtable extends sincere appreciation to Assemblymember Irwin, Chair of Assembly Revenue and Taxation, and the committee members for their prudent decision to hold Assembly Bill 259, the wealth tax proposal.
- 01/12/2024
SACRAMENTO, CA – The California Business Roundtable today announced it supports Proposition 1, Governor Newsom’s $6.38 billion bond measure to build 10,000 new community behavioral health beds and housing to provide care to Californians of all ages with serious mental health and substance use disorders.
- 12/06/2023
SACRAMENTO, CA — California Business Roundtable President Rob Lapsley issued the following response to Governor Newsom's announcement today on retail theft this holiday season:
- 11/22/2023
SACRAMENTO, CA — The California Center for Jobs and the Economy today released this special report which uses recently released US EPA data to conduct a thorough fact-check of California's climate initiatives. The findings reveal that not only has California failed to significantly outpace other states in reducing climate emissions, but it has also directly escalated costs, such as electricity, resulting in California having some of the highest national energy costs in its pursuit of climate change objectives.
- 11/01/2023
Latest News from the Center for Jobs
Latest on what is driving California’s economy, job growth, and other key indicators. Get updates straight to your inbox at [email protected].
Special Report: Economic Importance of Trade & the Ports to Southern California: Phase I Report: Baseline Economic & Fiscal Impacts
The Ports of Long Beach (POLB) and Los Angeles (POLA) are the core of the largest trade complex in North America. More than 3 million jobs nationwide are supported by the two ports and nearly 230,000 jobs in the region....
The Center for Jobs and the Economy tracks closely California’s Trade sector and its importance in creating well-paying, resilient jobs for millions of residents. California’s Trade sector is a national economic powerhouse, with more than 1 in 51 jobs nationwide supported by the sector. To further quantify the impacts of this sector, the Center released a detailed economic study, “Special Report: Economic Importance of Trade & the Ports to Southern California,” which quantified the importance of this sector.
- 09/05/2024
Following the passage of the increase to the minimum wage for specified fast food workers, much attention has been paid to the impacts the wage increase will have on jobs. While anecdotal data, including the closure of legacy fast-food chain stores in California, has made headlines, we are now able to use empirical data to track the law’s impacts on jobs and the economy. Despite what some are saying, the data are clear: newly passed fast food minimum wage laws are leading to job losses in California.
- 09/04/2024
The JOLTS (Job Openings & Labor Turnover Survey) estimates continue to indicate California employers are cutting back on their hiring plans, reducing the likely scale of future jobs growth in the state.
- 08/21/2024
The July numbers were generally positive, but again at levels showing the state economy largely running in place. After posting the worst unemployment rate among the states 5 months in a row, California finally notched down to the second worst in July, tying with Illinois in that slot. The total number of unemployed, however, remained above the 1 million mark for the 7th month in a row. Employment while showing a marginal gain of 7,300 for the month still was 88,700 below the near term high posted in May 2023.
- 08/19/2024
The June trade data again showed positive news for California. Origin exports rose 1.6% in nominal terms compared to June 2023. Overall trade activity through the state ports rose 11.9% over this period as imports in particular surged 13.6% as shippers began holiday stocking early in response to rising risks of supply disruptions and looming rises in tariffs.
- 08/06/2024
In May, California again posted the highest electricity rates among the contiguous states across all three major end use sectors. Although easing, California gasoline and diesel remained the highest as well.
- 08/06/2024