A statewide drought has drained $2.7 billion from California’s economy, University of California researchers announced Tuesday.
Less than a month after edging out Brazil, California has slipped back to its ranking as the eighth-largest economy in the world.
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?
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.
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.
Economists say Southern California could be on an economic “collision course” fueled by low-paying jobs that offer little opportunity for upward mobility.
One leading Orange County economist is predicting this Christmas shopping season could mark the best since the end of the recession.
Rents in Los Angeles and Orange Counties, already considered to be rather pricey, are expected to become more expensive.
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.
California’s economy will continue to show steady but unremarkable growth in the months ahead, according to a UCLA economic forecast released Thursday.
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.
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.
Oil industry analysts are warning a brewing civil war between Islamic militants in Iraq could potentially send gas prices soaring here in the Southland.
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.
Two Los Angeles city officials took a whirlwind tour of the Warner Center and other surrounding neighborhoods Monday to talk economic revitalization.