economy

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

President Obama (AP photo)

White House: Economy mending, challenges remain

WASHINGTON (AP) — The White House says the economy is mending, though it remains vulnerable and faces increasing long-term challenges from an aging population.

03/15/2013

HMO lays off 530 Calif. workers

LOS ANGELES (AP) – Kaiser Permanente, one of the nation’s largest HMOs, has laid off 530 employees in Southern California. The Inland Valley Daily Bulletin reports the cutbacks are spread across the company’s 60,000 staff […]

11/17/2012

As tax initiative teeters, Brown makes final pitch

SACRAMENTO, Calif. (AP) – In a final weekend of campaigning, Gov. Jerry Brown is asking everyone from students to hedge-fund managers to lend a hand in pushing his struggling tax increase initiative across the finish […]

11/03/2012

US consumers more confident in September

WASHINGTON (AP) – Higher stock prices and rising home values boosted a measure of consumer confidence in September to its second-highest level in nearly five years. The University of Michigan’s index of consumer sentiment rose […]

09/28/2012

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