California Economic Report/ EDD

A report came out yesterday from the Assembly Committee on Jobs, Economic Development and the Economy about California’s economy.

Some of the findings were

In 2011 total GDP was $1.95 trillion as compared to US GDP of  $15 trillion

If California was a country it would be the 9^th largest  GDP in the world

There were 2.7 million foreclosures in the US in 2011 a 34% reduction from the prior year. California registered the third highest foreclosure rate in the country with 1 in every 31 housing units having at least one foreclosure filing during the year

California ranks 4^th among 50 states in science and technology

California ranked 1 among 50 states in patents issued in 2010 with 30080 patents.NY was second with 8095

California ranked 3 in startups and 1 in new branches in high tech manufacturing

The Milken Institute ranks the UC system first in technology transfer and commercialization.

Please let me know if you would like the full report.

Yesterday one of Small Business California’s member wrote me about a situation he had  with EDD. He had an employee quit  and move to Hawaii. The employee   filed an unemployment claim with EDD saying his personal circumstances forced  him to move. The judge for EDD found in favor of the employee because of compelling personal circumstances and that a personal circumstance can cause a reasonable person desirous of continuing employment to give up employment. According to our member he was kicked out of the place he was living and he did not find another place suitable to live  so moved  back to Hawaii. Our member is now being charged in his reserve account.

Does this seem right to you? Needless to say our member does not think so.

Scott Hauge
President
Small Business California
2311 Taraval Street
San Francisco, CA  94116shauge@cal-insure.com
415-680-2188