Posted inLocal News

Inflation threatens California’s economic recovery, but solution may prove elusive

CALIFORNIA’S ECONOMIC RECOVERY from the devastations of the pandemic was stronger than previously estimated — but skyrocketing inflation could rob the state of its hard-earned gains. Those were the main takeaways from a report this month from the state Employment Development Department, which pinpointed California’s January unemployment rate at 5.8 percent — the same as its December […]