California’s unemployment rate fell to 8.6 percent in May, marking the first time in nearly five years the jobless number has dipped below 9 percent, the state Employment Development Department reported Friday.
After languishing for nearly two decades, the once-vibrant Westwood Village is desperate to make a comeback.
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.
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.
Gas prices in Southern California rose again on Monday, leaving some drivers paying over $5.00 per gallon.
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.
If you fly in and out of Los Angeles International Airport, you’re not alone.
A citrus industry analyst estimates that despite a $21 million weekend, California’s crops are in “excellent quality.”
Thousands of tourists visiting Orange County for its beautiful beaches and (of course) Disneyland are helping to boost the local economy.
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.
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.
Even on Christmas Eve, the U.S. economy is moving closer and closer to the so-called “fiscal cliff.”
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.
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.
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.