Economy Newsroom – Local, State, National, Global
Recent statistics
(May 2) Jobless claims drop to post-recession low
(Apr 26) GDP growth hits 2.5 percent in first quarter of 2013
(Apr 24) Manufacturing activity drops in March
(Apr 19) Jobless claims steady, mortgage applications up
(Apr 12) Jobless claims drop to begin April
Unemployment fell to 7.5% in April, but there is much more to the labor puzzle
Private payrolls added 165,000 hires in April and the unemployment rate fell to 7.5% from 7.6% in April. The news was received as generally positive. Stocks shot up. The S&P 500 rose above 1,600 and the Dow set another record high, breaking 15,000 for the first time…. READ MORE.
SLO County Economy
SLO County’s unemployment rate drops to 6.8% in March
The unemployment rate in the San Luis Obispo and Paso Robles metropolitan area remains at 7.3 percent, unchanged from the previous month, and down from the 2012 peak of 8.9 percent in March.The national unemployment rate for December 2012 was 7.8 percent and the California state level was unchanged at 9.8 percent.
National & Global Economy
Housing’s “wealth’effect” may be decreasing
Real estate’s “wealth effect” is a theory in which homeowners respond to increasing home values by “feeling” wealthier and spending more, thus boosting the economy.
More National & Global Economic News
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