U.S. employers added 280,000 jobs in May, as the national job market regained some of the momentum it lost earlier in the year. Despite that performance, unemployment was up slightly in May, to 5.5 percent, from 5.4 percent in April, according to data released Friday by the U.S. Bureau of …
Read More »U.S. productivity drops
National productivity dropped 3.1 percent during the first quarter of this year. That drop was larger than 1.9 percent decline that was predicted in April, according to data released Thursday by the U.S. Department of Labor. Labor costs also rose faster than expected in January, February and March: up 6.7 …
Read More »Inland manufacturing sector still expanding … barely
It was mixed news in the Inland Empire’s manufacturing sector in April. First, the good news: The region’s purchasing manager’s index last month was 52.1, according to data released Monday by the Institute of Applied Research and Policy Analysis at Cal State San Bernardino. That was the eighth consecutive month …
Read More »One-fifth of population gets government aid
An estimated 21.3 percent of the U.S. population received some form of aid from the federal government during all 12 months of 2012, according to a report released Thursday by the U.S. Census bureau. That amounted to approximately 52.2 million people, with the highest participation in Medicaid, at 15.3 percent, …
Read More »State adds nearly 30,000 jobs
California’s unemployment rate dropped to 6.3 percent in April, its lowest level in seven years and a year-over-year drop of 1.5 percent. The state has added nearly 1.9 million jobs since the recovery began in February 2010, including the 29,500 non-agricultural jobs it added last month, according to data released …
Read More »Holiday traffic expected to rise
Despite the recent spike in gasoline prices, Southern California freeways should fill up during the Memorial Day weekend. Travel is expected to be up 4.6 percent this weekend compared to 2014, according to the Automobile Club of Southern California. If that prediction holds true it will be the largest year-over-year …
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