YOU ARE HERE: LAT HomeCollectionsStates Economy

States Economy

May 25, 1995
For the third year in a row, Colorado received top honors in a "report card" by the nonprofit Corporation for Enterprise Development, which grades states for their economic performance. Colorado was the only state to earn A's in each of three subject areas in the ninth annual report. Four other states--Idaho, Minnesota, Montana and Oregon--made the honor roll and seven--Delaware, Massachusetts, Pennsylvania, Tennessee, Utah, Virginia and Wyoming--earned honorable mentions.
January 5, 2014 | By Marc Lifsher
SACRAMENTO - California's two top legislative leaders - both Democrats - have their eyes on 2014 as California faces big challenges in continuing to improve the state's still underperforming economy. They're pleased that after years of austerity, the Assembly and Senate along with Democratic Gov. Jerry Brown have stabilized the state's budget, raising revenues, keeping spending in check and even socking away money for future downturns. Even so, state unemployment remained high at 8.5% in November, despite a quickening job creation pace.
October 23, 1990
In response to "Can State No Longer Compete?" front page, Oct. 7: Your article begins, "A soy sauce maker quits Los Angeles County and opens up shop in Nevada. A Glendale fiber company shutters a 40-year-old factory and heads for Colorado. An Orange County auto parts firms plans it future over the border in Arizona." Wonderful! We need to thin out the population in Southern California. The idea that we must continue to expand, come hell or high water, will destroy us. The fact that some small and large businesses move out of the state is not the harbinger of doom for the state's economy.
April 26, 2013 | By Adolfo Flores
Owners of Southern California small businesses are mixed on the state of the economy, according to data released Thursday. About 42% said the economy was recovering, and 48% said the nation was still in a recession, according to the U.S. Bank Small Business Annual Survey. More than two-thirds of the business owners said they were unlikely to make a capital expenditure in the next year. In Southern California, 64% of respondents characterized their financial health as “good,” and 46% said they expect higher revenues in the next year.
December 5, 1996
Jess Bravin's commentary of Nov. 24 misrepresented the phrase "UC Means Business." It is the title of a report that explores the many economic contributions the University of California makes to the state and the nation. It is not about privatizing UC. UC, through its contributions to the state's economy, its job-generating capacity and its research developments, has been instrumental in helping California's recovery from the worst economic recession since the Great Depression. Among the report's findings were: UC generates three times as much money as the state invests in it. The university contributes to local economies, supporting neighborhood retailers, restaurants, hotels, construction firms and other businesses.
February 9, 2012 | By Walter Hamilton
Californians are more optimistic about the state economy and their own finances, although Bay Area residents are decidedly more upbeat than people in and around Los Angeles, according to a new survey. Almost two-thirds of Californians say their personal finances are improving, 52% think the state's economy is on the mend and 51% believe the jobs picture is brightening, according to the Citibank survey. Overall, according to the survey, nearly half of California residents say 2012 will be a better year than 2011.
January 31, 2013 | By Chris Megerian, Los Angeles Times
SACRAMENTO - Californians are more optimistic about the direction of their state and the condition of its economy than they have been in years, according to a new poll by the Public Policy Institute of California. The upbeat outlook comes weeks after Gov. Jerry Brown announced that the state's deficit had been wiped out with help from tax hikes approved by voters in November. In the poll, the governor received his highest approval rating since being elected in 2010. Fifty-one percent of those surveyed said they approved of Brown's job performance, up from 41% in September.
December 31, 2012 | By Michael J. Mishak, Los Angeles Times
SACRAMENTO - When Gov. Jerry Brown spoke to a crowd of beaming environmentalists and renewable energy advocates at the launch of a solar farm last year, he turned heads by praising another form of fuel: oil. It was a surprising pivot from the man credited with helping to usher in the modern environmental movement as California's governor nearly four decades ago. Back then, Brown enacted the nation's first energy-efficiency standards, signed strict...
September 20, 2012 | Ricardo Lopez
California's tech boom is bolstering the economy and new jobs are being created every month, but the state's employment gains in the last year could be largely lost should conditions in China and Europe worsen substantially. The quarterly UCLA Anderson Forecast, released Thursday, said an imploding Eurozone crisis and a further slowing of the Chinese economy, though not likely, are "not out of the question. " "What happens in Europe and China is not insignificant for California," said Jerry Nickelsburg, senior economist at the forecast.
May 7, 2012 | By Paul West, Washington Bureau
TAMPA, Fla. - No state is more crucial to Mitt Romney's chances of winning the White House than Florida, and no issue here is more important than the economy. That dynamic played out recently when Vice President Joe Biden came to the perennial electoral vote battleground to promote the Obama administration's environmental record by riding an airboat through the Everglades. The Romney camp responded with a stinging assault on President Obama's "failed" economic policies. The targets: a Florida jobless rate that exceeds the national average, painfully high gasoline prices, rising healthcare costs and one of the worst housing collapses in the country.
November 23, 2011 | By Diana Marcum, Los Angeles Times
As Californians savor their Thanksgiving feasts, the states' farmers are especially thankful. California's agriculture sector is on track for a record year, a rare bright spot in the state's economy. Prices for cotton, grapes and other crops are near all-time highs. Foreign buyers are gobbling California almonds, grapes, citrus and dairy products. Agricultural exports through September are up 16% over the same period last year. Net farm income is projected to post strong gains in 2011 after nearly doubling over the previous decade.
September 24, 2011 | By P.J. Huffstutter, Los Angeles Times Staff Writer
Members of Southern California's grocery union voted to ratify a new contract with Ralphs, Vons and Albertsons on Saturday night, bringing an end to labor negotiations that dragged on for more than eight months and brought tens of thousands of workers to the verge of a strike. The new contract, said union leaders, will help ensure workers at Ralphs, Albertsons and Vons and Pavilions will stay on the job, and prevent a potentially devastating blow to the state's already shaky economy.
July 12, 2011 | By Marc Lifsher, Los Angeles Times
The California Public Employees' Retirement System pumped nearly $12 billion into the state's economy last year through benefits paid to retirees and other beneficiaries, making it "a significant economic engine in most California communities," a new study says. The findings of consultant Robert Fountain, a retired Cal State Sacramento economics professor, help to show how important the country's largest public pension is to the state's economy, fund officials said. CalPERS, which released the study Monday, has been engaged in an ongoing public relations campaign to improve an image that has been battered by investment losses and corruption scandals.
Los Angeles Times Articles