CERF Blog

The United States unemployment rate rose from 9.8 percent in September to 10.2 percent in October, exceeding our forecast and the consensus forecast. We appear to be in-between everyone else and reality again. The data, either quarter-on-quarter or year-on-year, indicate ongoing job losses that are typical for a serious recession. We have said in the… Read more

The Pacific Research Institute released a new study yesterday. The report, titled “Assessing the State of the Golden State,” analyzes indicators for income, labor, migration, and entrepreneurship and compares California to every other state. Here’s a link to the report: http://tiny.cc/huFh5 How does California rank in this study? The short answer is poor. By these… Read more