Governor Newsom Proclaims State of Emergency and Mobilizes State Government Ahead of Winter Storms

SACRAMENTO – Working to protect Californians from the incoming winter storms, Governor Gavin Newsom today proclaimed a state of emergency throughout California to support the ongoing response to recent winter storms.

The emergency proclamation supports emergency relief efforts including authorizing the mobilization of the California National Guard to support disaster response, directing Caltrans to request immediate assistance through the Federal Highway Administration’s Emergency Relief Program to support highway repairs and other support for local response and recovery efforts. The text of today’s proclamation can be found here.

The Governor has also activated the State Operations Center to its highest level, and the state and federal government have stood up the Flood Operations Center, which covers forecasting, reservoir operations coordination, and provides technical support as well as flood fighting materials like sandbags for local agencies.

“California is mobilizing to keep people safe from the impacts of the incoming storm,” said Governor

Read More

U.S. labor market powers ahead, but wage growth loses steam

  • Nonfarm payrolls increase 223,000 in December
  • Unemployment rate falls to 3.5% from 3.6%
  • Household employment surges; labor force rises
  • Average hourly earnings gain 0.3%; up 4.6% year-on-year

WASHINGTON, Jan 6 (Reuters) – The U.S. economy added jobs at a solid clip in December, pushing the unemployment rate back to a pre-pandemic low of 3.5% as the labor market remains tight, but Federal Reserve officials could draw some solace from a moderation in wage gains.

Still, the U.S. central bank’s fight against inflation is far from being won. The Labor Department’s closely watched employment report on Friday also showed household employment rebounding by a whopping 717,000 jobs last month.

Recent declines in household employment had fanned speculation that nonfarm payrolls, the main measure of employment gains, were overstating job growth.

Labor market resilience, despite the Fed embarking last March on its fastest interest rate-hiking cycle since the 1980s, is underpinning the

Read More