Economy

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Economists At Odds Over Impact Of Proposed NFL Stadium On Jobs, Spending

Will a proposed return of at least one NFL team to Southern California bring home new jobs and pump millions of dollars into the local economy?

04/02/2015

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Obama Sends Labor Secretary To Calif. To Settle West Coast Ports Dispute

President Obama is set to send United States Labor Secretary Tom Perez to California in an attempt to address the slowdown of ports on the West Coast.

02/14/2015

jobs unemployment

Report: Calif. Jobless Rate To Continue To Fall

A new report says California’s economy is expected to continue its steady recovery and predicts the state unemployment rate will drop nearly two full percentage points by the end of 2016.

12/10/2014

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Low-Paying Jobs, Lack Of Mobility Putting SoCal On Economic ‘Collision Course’?

Economists say Southern California could be on an economic “collision course” fueled by low-paying jobs that offer little opportunity for upward mobility.

12/04/2014

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Expectations High For Post-Recession Christmas Shopping Season

One leading Orange County economist is predicting this Christmas shopping season could mark the best since the end of the recession.

11/26/2014

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Study: Rent Prices In LA, OC Counties To Increase Over 8 Percent

Rents in Los Angeles and Orange Counties, already considered to be rather pricey, are expected to become more expensive.

10/07/2014

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City Council To Vote On Big Wage Increase Proposal For LA Hotel Workers

Thousands of hotel employees in Los Angeles will learn Wednesday whether or not they will receive an increase in wages, as the City Council considers a law that would require big hotels to pay all workers a minimum of $15.37 per hour.

09/23/2014

FILE PHOTO (credit: CBS)

UCLA Forecast: California Economy ‘Painfully Plodding’ Along

California’s economy will continue to show steady but unremarkable growth in the months ahead, according to a UCLA economic forecast released Thursday.

09/11/2014

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Mayor Garcetti, Businessman Eli Broad Defend Wage Plan: ‘This Is The Way Forward’

After Mayor Eric Garcetti announced his hopes of increasing LA’s minimum wage over the next three years, the plan was met with large amounts of both support and opposition.

09/02/2014

(Photo credit: Randall Benton/Sacramento Bee/MCT via Getty Images)

Elephant Bar Parent Company Files For Bankruptcy, Cites ‘Challenging’ Economy

The Costa Mesa-based parent company of the Elephant Bar casual dining chain has filed for bankruptcy and is closing 16 restaurants nationwide, officials announced this week.

06/20/2014

Iraqi men take part in a demonstration to show their support for the call to arms by Shiite cleric Grand Ayatollah Ali al-Sistani, in the central Shiite Muslim shrine city of Najaf on June 13, 2014. (Photo credit:  HAIDER HAMDANI/AFP/Getty Images)

Analyst: Fall Of Baghdad Would Make Current Gas Prices ‘Look Like A Bargain’

Oil industry analysts are warning a brewing civil war between Islamic militants in Iraq could potentially send gas prices soaring here in the Southland.

06/13/2014

Giant wooden murals of farmworkers are seen at 'The Farm' February 9, 2005 in Salinas, California. Artist, John Cerney, created his giant life-like murals of farmworkers based on actual people who have worked in the Salinas Valley agriculture community. (credit: Justin Sullivan/Getty Images)

Record Drought Expected To Leave Thousands Jobless, Cost $1.7 Billion In Agriculture

Researchers say California’s drought could cost the state’s agricultural economy $1.7 billion this year and leave more than 14,000 farmworkers without work.

05/19/2014

Mayor Eric Garcetti (credit: CBS)

Mayor Talks Median Planning, Business Tax Cuts For San Fernando Valley ‘Facelift’

Two Los Angeles city officials took a whirlwind tour of the Warner Center and other surrounding neighborhoods Monday to talk economic revitalization.

05/19/2014

graduation grad college commencement

USC Grads Brace For Uncertain Future In Shaky Job Market

A rock-and-roll music legend will be among those on hand Friday for commencement ceremonies at the University of Southern California.

05/16/2014

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Gov. Brown To Release Update To Record Spending Plan

Gov. Jerry Brown is getting ready to update his spending plan for the coming fiscal year, a budget that is bolstered by California’s economic turnaround and voter-approved tax hikes.

CBS2 / KCAL9–05/12/2014

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