•  Federal data now shows California fast food employment is down 16,000 jobs since the passage of the state’s $20-per-hour fast food minimum wage last year.
  • A fast food study from the Berkeley Research Group found California fast food prices increased 14.5% from September 2023 to October 2024, or double the national average.
  • The U.S. Bureau of Labor Statistics’ quarterly employment survey covers 95% of American jobs, and is considered the gold standard for jobs and wage data. Now its latest report shows California fast food jobs declined from 570,909 in September 2023 to 554,748 in September 2024.
  • Source: gopusa.com  

  • CNBC’s Jim Cramer analyzed   market action, saying new economic data could pave the way for the Federal Reserve to cut interest rates.
  • “We’re most likely not going to go into a serious recession, because the Fed can take action to prevent that,” he said. “And even if the Fed does nothing, the market can recover once all of this tariff stuff is behind us — and it will be behind us at some point.”Trump has a point with tariffs, but his rhetoric is too aggressive, says Jim Cramer