Connect with us

California Black Media

Income Up, Inflation Slowing, State’s Dept. of Finance Report Says

Californians’ personal income increased by 8.2% in the first quarter of 2024 due to higher wages, salaries, and property income, stated the July report released by the state Department of Finance last week. The report indicated that California’s real gross domestic product grew by 1.2% in the first quarter of this year. In the past two years, national inflation rates decreased by 6.1%, slowing down inflation to 3% in June 2024. However, the report showed that the national unemployment rate gradually increased by 4.1%, meaning that a total of 162,000 individuals are without formal jobs. However, California’s unemployment rate remained at 5.2% in June this year.

Published

on

iStock image.
iStock image.

By Bo Tefu

California Black Media

Californians’ personal income increased by 8.2% in the first quarter of 2024 due to higher wages, salaries, and property income, stated the July report released by the state Department of Finance last week.

The report indicated that California’s real gross domestic product grew by 1.2% in the first quarter of this year. In the past two years, national inflation rates decreased by 6.1%, slowing down inflation to 3% in June 2024.

However, the report showed that the national unemployment rate gradually increased by 4.1%, meaning that a total of 162,000 individuals are without formal jobs. However, California’s unemployment rate remained at 5.2% in June this year.

The state’s labor force increased by 7,200 people and civilian household employment grew by 17,500 jobs. A majority of the jobs created by the state were driven by trade, transportation, and utilities.

Other sectors such as government, private education, health services, and hospitality and leisure added jobs in the past year. However, the manufacturing sector experienced the largest job loss, losing nearly 3,000 jobs in June. Other sectors that suffered great job losses included construction followed by mining and logging.

The state permitted a total of 106,000 housing units in May, a 5.1% increase from last year. The median sale of a single-family home now costs approximately $900,720 in June 2024.

California’s Preliminary General Fund agency cash receipts were $361 million, a little above the forecast for the 2023-2024 fiscal year.

“June is an important month for personal and corporate income tax receipts because it contains the due date for second quarter estimated payments,” the report stated.

According to the financial report, personal income tax cash receipts were $145 million in June, remaining slightly above the forecast for the current fiscal year. Annual withholdings, a percentage of an employee’s earnings paid directly to government-mandated collections, decreased by 9.9 %.

The report highlighted that single-month readings are often misleading and inaccurate due to calendar changes that affect the timing of payments and stock-based compensation.

@PaulCobbOakland @NNPA_BlackPress @BlackPressUSA @PostNewsGroup @CaliforniaBlac2

Activism

Oakland Post: Week of December 11 – 17, 2024

The printed Weekly Edition of the Oakland Post: Week of December 11 – 17, 2024

Published

on

To enlarge your view of this issue, use the slider, magnifying glass icon or full page icon in the lower right corner of the browser window.

Continue Reading

Activism

California Takes Steps to Address Rising Homelessness Among Aging Adults

The lack of accessible and available housing, health-related behaviors, medical problems, social isolation, and limited resources are some of the root causes of homelessness and poverty among aging Californians. Speaking on own her behalf — not representing CCoA — Brown said more alternatives for affordable housing and services would provide a much-needed safety net for older adults in the state.

Published

on

Shutterstock. Los Angeles, CA. USA: 2024 August 01: Homeless, unhoused people living in an encampment, temporary shelters and tents on the sidewalk.
Shutterstock. Los Angeles, CA. USA: 2024 August 01: Homeless, unhoused people living in an encampment, temporary shelters and tents on the sidewalk.

By Antonio‌ ‌Ray‌ ‌Harvey‌, California‌ ‌Black‌ ‌Media‌

The California Commission on Aging (CCoA) has published a Housing Policy Brief  that offers recommendations for reducing housing insecurity and homelessness among older adults in California.

The brief summarizes a more in-depth report titled “Housing Those Hardest Hit: Addressing Older Adult Homelessness.” It also includes seven actionable recommendations to mitigate older adult homelessness in three settings: permanent housing, independent housing, and assisted living.

“Expanding housing capacity across all settings in the older adult continuum of care is critical as our state confronts the pressing issues of housing insecurity and homelessness among older adults,” stated CCoA Executive Director Karol Swartzlander.

“The need is urgent, and the time to act is now,” she emphasized.

The CCoA serves as the principal advocating body for older Californians, and it administers programs that support and celebrate Californians as they age. In addition, the CCoA advises the Governor and Legislature, along with state, federal, and local agencies on programs and services that affect older adults in the state.

From 2017 to 2022, the number of adults aged 55-64 who accessed homelessness services across California increased by over 90%, while the number of adults over 65 in the state, overall, increased by over 166% – exceeding any other age group, according to the report.

According to CCoa, the commission blends housing solutions within a comprehensive continuum of care, presenting policymakers with targeted strategies that accommodate the diverse housing and supportive service needs of older adults.

Efforts to address homelessness is now one of CCoA’s top priorities, says Swartzlander.

“The need is urgent, and the time to act is now,” she added.

In 1990, 11% of the homeless population was over the age of 50 while in 2023 older adults represented nearly half of the state’s homeless population.  Among this population, 41% first experienced homelessness after the age of 50.

According to the U.S. Department of Housing and Urban Development’s annual Point-in-Time Count, 38,028 adults aged 55 and older experienced homelessness in California in 2023. Furthermore, the report stated that 41% first experienced homelessness after the age of 50.

Former Assemblymember Cheryl Brown (D-San Bernardino), who just completed a six-year term as chairperson of the CCoA, said there must be policies in place to “remedy the problem” of older adults becoming homeless in the state.

The lack of accessible and available housing, health-related behaviors, medical problems, social isolation, and limited resources are some of the root causes of homelessness and poverty among aging Californians. Speaking on own her behalf — not representing CCoA — Brown said more alternatives for affordable housing and services would provide a much-needed safety net for older adults in the state.

“We need to go back to square one and come up with some policies that would help older adults have options,” Brown said. “It’s a tragedy that these people have paid into the system (taxes, social security), and did it the right way, and they still need these services.”

In the policy brief, the CCoA presents seven recommendations to mitigate aging adult homelessness. They are exploring a statewide subsidy for older adults at-risk of homelessness; developing a state homeshare program; expanding ministerial approval for smaller assisted living facilities; reforming housing laws; expanding assisted living waivers; and funding community care suggestions.

Editorial Note: California Black Media will follow up this article with more investigations into the lived experiences of older adults impacted by the of homelessness and housing insecurity crisis in the state.

Continue Reading

Bay Area

2024 in Review: 7 Questions for Incoming Black Caucus Vice Chair Asm. Isaac Bryan

Assemblymember Isaac Bryan (D-Ladera Heights) has focused his legislative career on addressing racial inequities and systemic injustice, criminal justice reform, environmental justice, and economic equality.  

Now in his fourth year in the legislature, Bryan serves as a generational bridge within the California Legislative Black Caucus (CLBC). This month, he assumes the influential role of CLBC Vice Chair.

Published

on

Asm. Isaac Bryan sharing a light moment while Dolores Huerta provides testimony June 11, 2024 (capitol photo)
Asm. Isaac Bryan sharing a light moment while Dolores Huerta provides testimony June 11, 2024 (capitol photo)

By Joe W. Bowers Jr., California Black Media

At 32, Isaac Bryan (D-Ladera Heights) has emerged as one of California’s most dynamic Assemblymembers.

Bryan has focused his legislative career on addressing racial inequities and systemic injustice, criminal justice reform, environmental justice, and economic equality.

Now in his fourth year in the legislature, Bryan serves as a generational bridge within the California Legislative Black Caucus (CLBC). This month, he assumes the influential role of CLBC Vice Chair.

Representing the 55th Assembly District, Bryan’s legislative efforts have been crucial in passing policies that uplift marginalized communities, while addressing long-standing systemic inequities.

Recently, Bryan spoke with California Black Media (CBM). He reflected on his legislative efforts in 2024, the challenges he faced, and his vision for 2025.

His responses have been edited for length and clarity.

Reflecting on 2024, what do you believe was your most impactful achievement for advancing the interests of Black Californians, and why?

The first is AB 2716. It is a major win for environmental justice that addresses long-standing health and safety concerns for Black and lower-income residents living near oil and gas production fields. The second is AB 2906. That bill ensures that foster care children, many of whom are disproportionately Black, receive their rightful survivor benefits from federal programs after their parents pass away. Previously, these funds were often redirected to county budgets. AB 2906 is a real game-changer for foster care youth.

As the incoming Vice Chair of the Black Caucus, how have your leadership and policy efforts helped address key issues impacting Black Californians? 

Leadership is about bringing people together across racial, geographic, and political lines to make meaningful change. The Black Caucus secured $300 million in ongoing funding for California’s lowest-performing students, who are disproportionately Black.

What were the most significant challenges you faced in advocating for Black Californians?

Misinformation and disinformation were huge obstacles in 2024, especially during an election year. These tactics have been used to divide Black communities and diminish their political influence. Another major challenge was navigating the state’s budget deficit, which threatened critical programs for Black Californians. We had to fight hard to protect programs in education, housing, and social services from severe cuts.

What events or movements inspired you the most in your efforts to support Black communities?

Watching grassroots organizations and everyday people stand up for their communities, especially when it comes to health and safety, has been powerful. It’s inspiring to see local advocates and community members speak up and demand the right to live in safe, healthy environments.

What lessons from 2024 have shaped your approach to policy and decision-making?

The biggest lesson from 2024 is the importance of persistence. We have to stay committed to the long game. The fight for equity, whether it’s in housing, education, or environmental justice, requires consistency. You can’t let up.

In one word, what do you see as the most pressing issue Black Californians are facing?

Equity. We need to make sure that Black Californians are not left behind as we move forward as a state.

What is the one goal you are most committed to achieving in 2025?

Making sure that the state’s budget is not balanced on the backs of Black Californians. The budget is a moral document It needs to reflect our values of fairness and justice.

Continue Reading

Subscribe to receive news and updates from the Oakland Post

* indicates required

CHECK OUT THE LATEST ISSUE OF THE OAKLAND POST

ADVERTISEMENT

WORK FROM HOME

Home-based business with potential monthly income of $10K+ per month. A proven training system and website provided to maximize business effectiveness. Perfect job to earn side and primary income. Contact Lynne for more details: Lynne4npusa@gmail.com 800-334-0540

Facebook

Congressman Bennie Thompson, D-Miss. Courtesy photo.
Activism2 hours ago

‘Donald Trump Is Not a God:’ Rep. Bennie Thompson Blasts Trump’s Call to Jail Him

Left to Right- Jamie Turbak, Director of Library Services, LaTonda Simmons, Assistant City Administrator, Nikki Bas, President Oakland City Council, Shen Thao, Mayor of Oakland, Carroll Fife, Oakland City Councilmember District 3, Harold Duffey, Assistant City Administrator, Sean Maher, Projects Coordinator. Photo by Kevin Hicks.
Activism2 hours ago

City of Oakland Celebrates Reopening of Main Library

iStockphoto.
Activism3 hours ago

Biden’s Legacy Secured with Record-Setting Black Judicial Appointments

UC Berkeley Law Students help a clinic visitor with legal advice at their Tuesday night services. The Clinic offers a variety of resources, including medical, to those in the community who have little access to these services. Photo by Magaly Muñoz
Activism4 hours ago

A Student-Run Group Provides Critical Support Services to Underserved Residents

Photo Courtesy Of Promise Marks.
Arts and Culture4 hours ago

Promise Marks Performs Songs of Etta James in One-Woman Show, “A Sunday Kind of Love” at the Black Repertory Theater in Berkeley

L-R: BWOPA State Executive Director LaNiece Jones; State Asm. Mia Bonta; BWOPA 2024 Man of The Year/Urban League SFBA CEO Ken Maxey; BWOPA State President Hon. Dezie Woods-Jones; State Senator Lola Smallwood-Cuevas; Rowena Brown, Oakland Councilmember At-Large, Elect; BWOPA State Regional Director Vashone Huff. Courtesy photo.
Activism4 hours ago

BWOPA Honors Black Leadership and Legacy at 2024 Ella Hill Hutch Awards Dinner

Shirley N. Weber, Ph.D., California Secretary of State. Courtesy of California Secretary of State Office.
Commentary4 hours ago

California Respects the Power of Your Vote

#NNPA BlackPress1 day ago

California, Districts Try to Recruit and Retain Black Teachers; Advocates Say More Should Be Done

#NNPA BlackPress1 day ago

Christmas Travel: When is the Best Time to Take Your Trip

#NNPA BlackPress1 day ago

PRESS ROOM: Trace and ARDN Join Forces to Promote the United Nations Sustainable Development Goals

#NNPA BlackPress2 days ago

Recognizing and Valuing Home-Based Child Care

#NNPA BlackPress2 days ago

OP-ED: The Case for a Presidential Pardon for Marilyn Mosby

Activism5 days ago

Oakland Post: Week of December 11 – 17, 2024

#NNPA BlackPress5 days ago

PRESS ROOM: Clyburn Statement on President Biden Providing Clemency and Pardons for Individuals Convicted of Non-Violent Crimes

#NNPA BlackPress5 days ago

Former Maryland Gov. Martin O’Malley Pledges Inclusive Leadership If He’s Elected DNC Chair

Trending

Copyright ©2021 Post News Group, Inc. All Rights Reserved.