Economy « CBS Los Angeles

UCLA Forecast Predicts Job Growth, But Blasts State’s ‘Terrible’ Business Climate

Slow but steady job growth in California and across the United States will likely improve the Southland job market within two years, according to an economic forecast released Wednesday.

2013/03/13

(credit: FREDERIC J. BROWN/AFP/Getty Images)

Economist: Gas Tax Hike To Take Over $1M Out Of LA Economy

Even with gas prices well over $4 per gallon, a new tax ordered by state regulators is set to bring more pain to the pump.

2013/03/01

$5 Gas Returns To Southland

Gas prices in Southern California rose again on Monday, leaving some drivers paying over $5.00 per gallon.

2013/02/18

(credit: Kevork Djansezian/Getty Images)

Poll: Half Of Californians Optimistic About 2013

Angelenos and residents throughout California are more optimistic about the state’s economic prospects than at any time since the recession in 2007, according to a survey released Thursday.

2013/01/31

LAX Sees Increase In Passenger Traffic

If you fly in and out of Los Angeles International Airport, you’re not alone.

CBS2 / KCAL9–2013/01/28

Calif. Citrus Crop ‘In Very Good Shape’ Despite Sub-Freezing Temps

A citrus industry analyst estimates that despite a $21 million weekend, California’s crops are in “excellent quality.”

2013/01/15

Tourists Visiting Disneyland, Beaches Help Boost OC Economy

Thousands of tourists visiting Orange County for its beautiful beaches and (of course) Disneyland are helping to boost the local economy.

CBS2 / KCAL9–2013/01/02

President Obama and House Speaker John Boehner. (credit: Pool/Getty Images News)

‘Fiscal Cliff’ Deal Brings Some Relief To Calif.

The deal in Washington to avoid the “fiscal cliff” will bring a reprieve to California’s slowly rebounding economy, but uncertainty remains in part because Congress delayed action on federal spending cuts.

CBS2 / KCAL9–2013/01/02

Thousands of tourists are expected to visit Pasadena during the Rose Bowl and Rose Parade. (credit: CBS)

Tourists Expected To Boost Economy During Pasadena Rose Parade, Bowl

The thousands of tourists expected to visit Pasadena during the Rose Parade and the Rose Bowl are predicted to bring millions to the cash-starved local economy.

CBS2 / KCAL9–2012/12/28

Looming ‘Fiscal Cliff’ A Growing Concern Among Holiday Shoppers In SoCal

Even on Christmas Eve, the U.S. economy is moving closer and closer to the so-called “fiscal cliff.”

2012/12/24

UCLA Forecast: Slow Job Growth, Unemployment To Linger Into 2013

A sluggish economic recovery, recession risks in the global economy, and the passage of Proposition 30 may keep the state unemployment rate from dropping next year.

2012/12/05

U.S. Speaker of the House Rep. John Boehner (R-OH) (Photo by Alex Wong/Getty Images)

Opinion: The Fourteenth Amendment Solution

Speaker John Boehner believes he holds a strong hand in fiscal cliff and debt limit talks. He is, once again, taking the global economy hostage and playing politics with the U.S. debt limit.

2012/11/29

Barack Obama (Photo by Chip Somodevilla/Getty Images)

Opinion: My2K

Obama is hoping to promote the discussion of the Bush tax cut extensions by getting people hooked on the topic and by getting them to use the #My2K hashtag on Twitter.

2012/11/29

Opinion: We Must Fix Our Crumbling Infrastructure

Most Americans who traveled during this Thanksgiving holiday came face to face with an American reality: while there is much to be thankful for, our infrastructure is not one of those things.

2012/11/26

Walmart workers protest (Photo: STAN HONDA/AFP/Getty Images)

Opinion: Americans Failed Walmart Workers

After all the hype regarding Walmart employees’ discontent with their employer and the threat of a strike on Black Friday, the long holiday weekend was saw banner sales and virtually no protest at Walmarts.

2012/11/26