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BUSINESS
October 28, 1992 | RALPH VARTABEDIAN, TIMES STAFF WRITER
California could lose 170,000 aerospace-related jobs by the end of the decade if it does not act aggressively to improve the state's competitiveness, according to a study by a prominent consulting firm. If that many jobs are lost, major contractors would conduct $4.5 billion less business in California, and the state would lose $300 million in general fund tax revenue annually, according to a study to be released today by McKinsey & Co., a Chicago-based consultant.
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BUSINESS
April 3, 2011 | By Duke Helfand
Thousands of employers in California and across the country are slashing expensive doctors and hospitals from their insurance rosters in a move to hold down rising healthcare costs — a trend that is gaining favor with corporate bosses, if not the rank and file. The savings on insurance premiums — nearly 25% in some cases — are gained when companies switch their health plans to "narrow network" HMOs that offer fewer choices of medical providers. California, with nearly 21 million people in health maintenance organizations, is driving the rapid expansion of these networks.
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BUSINESS
February 26, 2000 | STUART SILVERSTEIN, TIMES STAFF WRITER
Big job gains across a broad spectrum of California industries helped drive down the state unemployment rate sharply in January to 4.7%, a 30-year low, officials reported Friday. That decline, from a revised rate of 5% in December, was the state's steepest one-month drop in unemployment in nearly five years. It dovetailed with a job gain of 42,300 in January, reflecting the third consecutive month of sizable increases in nonfarm employment.
NEWS
October 20, 2000 | JERRY HIRSCH, TIMES STAFF WRITER
In what economists are calling a landmark study assessing the fate of laid-off workers in California, the Employment Development Department found that the majority of workers who lost their jobs in recent years were able to find work quickly, and typically at a higher wage. Nearly 77% of 124,000 workers laid off in 1996-97 found new jobs within a year. And their average salary was 115.2% of what they previously earned, according to an early copy made available to The Times.
BUSINESS
April 25, 1995
Here are facts about companies listed on the Return on Equity 100 and the Employer 100 charts. Aames Financial Corp. Consumer Financial Services 3731 Wilshire Blvd. Los Angeles 90010 (213) 351-6100 * Chief executive: GARY K. JUDIS * Employees: 303 * Hiring trend: N/A Abbey HealthCare Group Healthcare Facilities 3560 Hyland Ave. Costa Mesa 92626 (714) 957-2000 * Chief executive: TIMOTHY M. AITKEN * Employees: 3800 * Hiring trend: N/A ABM Industries Inc. Business Services 50 Fremont St.
BUSINESS
April 7, 1997 | GREG MILLER, TIMES STAFF WRITER
Irvine is by a wide margin the leading high-tech employment center in Southern California, and is also expected to post the greatest job gains in the region over the next year, according to a recent economic report. Irvine has 232 high-tech companies that employ a combined 23,720 workers, according to the report by the Economic Development Corp. of Los Angeles County.
NEWS
July 6, 1991 | JONATHAN PETERSON, TIMES STAFF WRITER
Fueling fears that the state's recession could last for months, California's unemployment rate shot up to 8.2% in June, its highest level in seven years and well above the national rate of 7%, the Labor Department reported Friday. Overall, the new report painted a gloomy picture of California's economic landscape at a time when other regions cite the rustlings of recovery.
BUSINESS
March 29, 1995 | PATRICK LEE, TIMES STAFF WRITER
California's job growth this year will be slower than originally expected, but the state will still recoup the jobs lost during the punishing recession by the end of next year, UCLA said in its latest quarterly business forecast, to be released today. The state's employment will eventually grow at a faster rate than that of the nation by 1997, according to the widely watched Business Forecasting Project of UCLA's Anderson Graduate School of Management.
BUSINESS
July 16, 1998 | PAUL JACOBS, TIMES STAFF WRITER
Health-care technology has emerged as one of the largest employers in California, surpassing such longtime job providers as aerospace and the movie industry, according to a report scheduled for release next week. The survey by the California Healthcare Institute, a trade and lobbying group, found that the health technology industry employs 210,000 workers in California, which can now boast having the highest concentration of biomedical firms anywhere in the world.
NEWS
October 6, 2000 | MAURA DOLAN, TIMES LEGAL AFFAIRS WRITER
The California Supreme Court made it easier Thursday for companies to fire workers--reducing the possibility that a laid-off employee can win either an age discrimination suit or a case claiming that good performance over many years guaranteed job security. The court's decision backed away from a 1988 ruling that workers could not be laid off if they had been given reason to believe that their jobs would be safe so long as their performance remained solid.
BUSINESS
September 9, 2000 | JERRY HIRSCH, TIMES STAFF WRITER
California's economy continued to hum in August, generating 14,500 jobs and bringing to 1.9 million the number created since the state's last recession began 10 years ago. The California jobless rate remained unchanged at 5.1% in August, the state Employment Development Department reported Friday. Though California continues to outstrip the nation in job creation, its unemployment rate still stands a full percentage point above the national 4.
BUSINESS
September 4, 2000 | LISA GIRION, TIMES STAFF WRITER
Marthe Seegar considers herself unemployed. But because she works when she can, including a three-day clerical stint the week before last, she isn't collecting unemployment insurance and won't be found among the statistics in the state's jobless report.
NEWS
June 3, 2000 | STUART SILVERSTEIN, TIMES STAFF WRITER
Signaling the apparent beginning of a slower-paced economy, the U.S. unemployment rate rose to 4.1% last month, up from a 30-year low of 3.9% in April, the Labor Department reported Friday. The surprisingly weak report, capping an array of recent economic surveys suggesting moderating growth, showed the private sector losing 116,000 jobs in May. That is the worst one-month decline since November 1991, yet the news sparked a furious rally on Wall Street.
BUSINESS
March 19, 2000 | NANCY RIVERA BROOKS, TIMES STAFF WRITER
Overtime after eight hours of daily toil is back in California. That means the state's workers may earn as much as $1 billion more annually than they did during each of the last two years, when overtime pay kicked in only after 40 hours a week, say supporters of the new daily overtime law. But some employers say the latest rules have proved so costly and confusing that they have cut wages and benefits, ended flexible scheduling and even eliminated jobs.
NEWS
March 11, 2000 | By STUART SILVERSTEIN,
California employers bucked the national hiring slowdown in February and added 40,200 workers, reducing the state's jobless rate to a 30-year low of 4.6%. The employment report released by state officials Friday reflects how California's economic recovery continues to catch up with the record national business expansion.
BUSINESS
June 9, 1993 | STUART SILVERSTEIN, TIMES STAFF WRITER
In a report many analysts viewed skeptically, state officials Tuesday released revised figures showing that California has lost 552,700 jobs, or 4.4% of its non-agricultural employment, since the recession began pounding the state in mid-1990. By some gauges, the new figures reflect the state's worst slump since the Depression. But they also tone down earlier appraisals of California's economic ills, which had put the three-year employment decline in the range of 800,000 to 900,000 jobs.
NEWS
February 28, 1998 | DON LEE, TIMES STAFF WRITER
Reflecting exceptionally strong growth in a broad spectrum of industries, California's economy created 479,800 jobs last year, far above the 364,800 that had been previously estimated and the most since 1984, state officials reported Friday. The momentum carried into January, the Employment Development Department said, as the state showed no ill effects from financial turmoil in Asia. California's unemployment rate continued its descent, falling below 6% for the first time since 1990 to 5.
BUSINESS
February 26, 2000 | STUART SILVERSTEIN, TIMES STAFF WRITER
Big job gains across a broad spectrum of California industries helped drive down the state unemployment rate sharply in January to 4.7%, a 30-year low, officials reported Friday. Orange County unemployment remained well below the state average, despite rising slightly to 2.5% in January, up from a revised rate of 2.2% in December. Economists attributed the local uptick to seasonal factors, rather than a change in the county's tight job market.
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