The national unemployment rate fell to 6.3 percent in April, a year-over-year drop of 1.2 percent. Forty seven states and the District of Columbia had drops in unemployment last month compared with April 2013, while one state had an increase and two experienced no change, according to data released last …
Read More »State housing affordability continues to drop
The Inland Empire isn’t the only place where people are having a difficult time finding a home they can afford: the problem is statewide. Steady price increases and relatively higher interest rates during the first three months of 2014 lead to a drop in housing affordability in every metropolitan region …
Read More »Good weather and Mother’s Day help retail sales
National retail sales rose 3.9 percent year-over-over for the week that ended Saturday, the strongest gain in that category in nearly one year. Warm weather, particularly in the southern United States, helped drive retail sales to their biggest one-year increase since June 1, 2013, according to the International Council of …
Read More »Housing market shows mild uptick
The Southern California housing market improved slightly during April, showing the smallest year-to-year decrease in six months. Slightly more 20,000 new and resale single-family homes were sold in the six-county region last month, down 6.6 percent compared with April 2013 but up 13.4 percent compared with March, according to DataQuick, …
Read More »Summer job market heats up
While it might not be a great year for summer jobs, there are some signs that 2014 might be better than the past few years for young people seeking temporary work. Unemployment continues to drop, and that could be a good sign for high school and college students who are …
Read More »Retail sales jump significantly
National retail sales were up six percent in April year-over-year. Most of the bad weather that plagued the midwest and east coast earlier this year went away last month, causing consumers to return to shopping malls, according to the International Council of Shopping Centers in New York. “After sluggish demand …
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