Friday, July 28, 2017

The yellow light is on...



...“These numbers are problematic, I think this is a wakeup call for everybody,” said Chris Thornberg, co-founder of Los Angeles-based consulting firm Beacon Economics.

On the surface, California’s economy seems healthy enough; the jobless rate is rock bottom and wages are growing much faster here than in the rest of the country. But most sectors in the state have either lost jobs in the first half of the year or are growing more slowly than they had been.

Economists say that’s largely because businesses cannot find applicants to fill open jobs, because rank-and-file workers can’t afford to live in the Golden State....