economy

Los Angeles skyline with the San Gabriel Mountains in the background

LA 20/20 Commission makes recommendations for budget, jobs

LOS ANGELES (CNS) – Suffering from chronic budget shortfalls and dwindling numbers of jobs, Los Angeles city officials should take steps to improve accountability at City Hall and bolster economic development activity — including combining […]

04/10/2014

Penny and Phil Sound Bite

Getting the long-term jobless back on their feet

The economy added another 192,000 jobs in March and payrolls in January and February were revised higher. But what does that mean for people still looking for work? Phil and Penny discussed the jobs report and […]

04/04/2014

In this Feb. 25, 2014 file photo, President Barack Obama speaks about manufacturing innovation institutes, in the East Room of the White House in Washington. President Barack Obama’s top economists say the nation is on track to make economic progress over the next two years, but say it would do even better if Congress would enact the additional spending he proposed in his most recent budget. A divided Congress in an election year is not likely to heed that call. (AP Photo/Jacquelyn Martin, File)

Obama economists: Rosier picture if budget passed

WASHINGTON (AP) — President Barack Obama’s top economists say the nation is on track to make economic progress over the next two years, but add it would do even better if Congress would enact the […]

03/10/2014

Penny and Phil Sound Bite

February job report numbers

The Department of Labor released it’s unemployment report for February, and the numbers are better than expecting, considering how much bad weather there was last month. Bankrate.com’s Mark Hamrick spoke with Penny and Phil about […]

03/07/2014

View of Independence Square, the epicenter of the country's current unrest, Kiev, Ukraine, Thursday, Feb. 20, 2014. (AP Photo/Efrem Lukatsky)

5 reasons show how Ukraine’s economic decay fueled protests

The battle in Kiev is, in large part, a fight for the country’s economic future — for better jobs and prosperity. Ukraine’s protesters want to pry their country away from Russian influence and move closer […]

02/21/2014

Federal Reserve Chair Janet Yellen testifies on Capitol Hill in Washington, Tuesday, Feb. 11, 2014, before the House Financial Services Committee hearing. Yellen said Tuesday that if the economy keeps improving, the Fed will take "further measured steps" to reduce the support it's providing through monthly bond purchases.  (AP Photo/Cliff Owen)

Yellen rebuffs Fed critics and pleases investors

WASHINGTON (AP) — Janet Yellen pursued a simple strategy Tuesday for handling a battery of lawmakers who came armed with skepticism about the Federal Reserve: Politely stand your ground. Be consistent. Signal continuity at the […]

02/11/2014

Penny and Phil Sound Bite

The January jobs report

Economists were looking for a weak jobs report today, and that’s what they got. The labor department reported that 113,000 new jobs were created in January. That’s less than the 185,000 expected. But the unemployment […]

02/07/2014

In this Tuesday, Dec. 24, 2013, file photo, a man and woman carry shopping bags as they cross the street in San Francisco. The Commerce Department reports how much consumers spent and earned in December. on Friday, Jan. 31, 2014. (AP Photo/Jeff Chiu)

US consumer spending up 0.4 percent in December

WASHINGTON (AP) — Americans increased their spending at a solid pace for the second straight month in December even though their income was flat. Consumer spending rose 0.4 percent in December, compared with November when spending […]

01/31/2014

President Barack Obama speaks during a meeting with Spanish Prime Minister Mariano Rajoy in the Oval Office of the White House in Washington, Jan. 13, 2014. (AP Photo/Jacquelyn Martin)

Obama to press jobs agenda with executive actions

WASHINGTON (AP) — Ready to put an economic spotlight on his State of the Union address, President Barack Obama is picking up the pace of his jobs message and making a case that, even against […]

01/14/2014

This Jan. 8, 2014 photo shows the old water tower in Jurupa Valley, Calif. (AP Photo/Amy Taxin)

Jurupa could cease to exist over budget woes

JURUPA VALLEY, Calif. (AP) — California’s youngest city evokes memories of the old West: residents ride horses against a backdrop of hardscrabble hills, and political wrangling takes place in a store that once sold cowboy boots. There is […]

01/12/2014

Luis Mendez, 23, left, and Maurice Mike, 23, wait in line at a job fair held by the Miami Marlins, at Marlins Park in Miami. (AP Photo/Lynne Sladky, FIle)

US employers may post a 5th month of solid hiring

WASHINGTON (AP) — Healthy U.S. economic growth in the second half of last year has raised expectations that 2013 ended with a fifth straight month of solid hiring. Economists predict that employers added 196,000 jobs […]

01/10/2014

Trader Kevin Lodewick, right, works on the floor of the New York Stock Exchange. (AP Photo/Richard Drew)

Markets take weak December jobs report in stride

NEW YORK (AP) — Financial markets are taking a surprisingly weak U.S. jobs report in stride. Stock indexes are slightly higher in early trading Friday. The Dow Jones industrial average climbed 18 points, or 0.1 […]

01/10/2014

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