Economy

mortgage default home sales market

California Foreclosure Starts Rise This Year

A research firm says California home foreclosure starts increased from January through March after plunging to an eight-year low in the previous quarter.

04/22/2014

(Photo credit: Kevork Djansezian/Getty Images News)

‘2020’ Report: Port Merger, Minimum Wage Hike Would Jump-Start Economy

The 2020 Commission threw its support behind a minimum wage increase and combining the Ports of Los Angeles and Long Beach to return the region to prosperity.

04/09/2014

(credit: Kevork Djansezian/Getty Images)

Gas Prices Spike To Highest Level Since Summer Of 2013

The average price of a gallon of self-serve regular gasoline in Los Angeles County rose Wednesday to its highest amount since last summer, according to industry officials.

04/09/2014

(Photo credit: Kevork Djansezian/Getty Images)

Calif. Unemployment Dips, 30K Jobs Lost In January

California’s unemployment rate decreased to 8.1 percent in January despite the loss of 31,000 jobs statewide, according to figures released Friday.

03/07/2014

(credit: iStockphoto.com)

Study: Hard Times Drive Adult Kids To Return Home

More than 2.3 million adult children are living with their parents in California, a 63 percent increase since the Great Recession began seven years ago.

02/27/2014

After over 40 years, the  "Tonight Show" is set to move back to New York City. (Photo credit: Kevin Winter/Getty Images)

‘Tonight Show’ Set For Final Sign-Off From Burbank

When “Tonight Show” host Jay Leno signs off for the final time on Thursday night, hundreds of jobs in the city of Burbank will also be saying goodbye.

CBS2 / KCAL9–02/06/2014

(credit: Joe Raedle/Newsmakers)

Long-Awaited South LA Shopping Center Set For Debut

City officials are hoping a $20 million shopping center project set to open for business in South Los Angeles will spur the local economy and attract investors.

02/03/2014

(credit: CBS)

Skiers, Snowboarders Rush To Slopes As Snow Falls In Local Mountains

Amid a dry winter in Southern California, fresh snow is spreading optimism in the local mountain communities.

CBS2 / KCAL9–01/31/2014

(credit: Getty Images)

SoCal Families Losing Unemployment Checks Desperate To Make Ends Meet

The end of unemployment checks for more than a million people on Saturday is driving out-of-work Americans to consider selling cars, moving and taking minimum wage work after already slashing household budgets and pawning personal possessions to make ends meet.

12/28/2013

film hollywood industry

Report: $500B Output From Hollywood, Arts Sector Eclipses Tourism Industry

The U.S. economy should be singing “Hooray for Hollywood,” according to new data from the federal government.

12/05/2013

(Photo credit: PAUL J. RICHARDS/AFP/Getty Images)

Shoppers Line Up Early For Black Friday Deals

Retailers across Southern California opened their doors early Friday for what is considered the unofficial start to the Christmas shopping season.

11/29/2013

(credit: Getty Images)

Calif. Jobless Rate Increases To 8.9 Percent

California’s unemployment rate rose for the second consecutive month in August, to 8.9 percent, even as the state added more than 29,000 jobs, the state Employment Development Department said Friday.

CBS2 / KCAL9–09/20/2013

(Getty Images)

Jobless Rate Expected To Inch Downward Despite Sluggish Housing Recovery

A slower-than-expected recovery in the housing market and looming health care reform deadlines could limit economic growth in California, according to a report released Thursday.

09/12/2013

US President Barack Obama takes a drink from a mug as host Jay Leno watches during a taping of The Tonight Show with Jay Leno at NBC Studios on August 6, 2013 in Burbank, California.  (credit: MANDEL NGAN/AFP/Getty Images)

President Obama Concludes First Day Of West Coast Trip Following Leno Appearance

Supporters and protestors alike showed up as President Barack Obama’s motorcade concluded it’s first day in the Southland at the Hilton Hotel in Woodland Hills.

08/06/2013

(Credit: Justin Sullivan/Getty Images)

Delta Airlines Brings Back Hourly Shuttle Service From LAX To SFO

Delta Airlines announced Friday that they are bringing back hourly shuttle service between LAX and SFO.

08/02/2013

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