By STEVEN HERBERT While tens of thousands of shoppers are heading to malls and stores across Southern California on the day after Thanksgiving for what is considered the start of the Christmas shopping season, Black Friday sales continue to begin earlier and earlier. “What’s happened most over the last five years is the acceleration of … Read more
Southern California’s bosses added 80,700 workers in the past year to a record 8.06 million jobs – but that hiring pace is roughly half of the pre-pandemic job market’s gains. My trusty spreadsheet – filled with state job figures for Los Angeles, Orange, Riverside, and San Bernardino counties – compared employment changes for the region … Read more
Dramatic change would be required to fix California’s homebuying affordability mess. My trusty spreadsheet compared home-price increases with income growth for 10 large California metropolitan areas using housing indexes by ICE, a mortgage-tech firm, and pay stats from the US Bureau of Economic Analysis. First, consider the estimated median house payment for these California metros. … Read more
Main Street shoppers and merchants could use a little cheer to lift their election hangover. With Black Friday sales pitches churning well ahead of Thanksgiving, mom-and-pop businesses across Southern California are feeling a bit disconnected from the mostly rosy shopping forecasts touted by retail industry groups. The National Retail Federation sees holiday spending rising 2.5-3.5% … Read more
Advance Auto Parts is rolling out of California. The auto supply company, with more than 150 stores in this state, is closing all California locations and hundreds of others across the Western U.S. In all, it is closing more than 700 stores and distribution centers in California, Oregon, Washington, Nevada and Arizona, a move that … Read more
Southern California had a record number of jobs in October, despite high interest rates chilling parts of the local economy. My trusty spreadsheet, filled with state job figures released Friday, found a record 8.06 million at work in Los Angeles, Orange, Riverside and San Bernardino counties in October. These monthly stats are not adjusted for … Read more
Robert Sanchez sits in a truck cab surrounded by LED display screens that show him battery and hydrogen levels in the nearly year-old, zero-emission Nikola-made truck. His job on this day involves hauling containers from the congested TraPac terminal in the Port of Los Angeles to a storage yard near the port. Sanchez will use … Read more
California is barely a middle-of-the-pack performer when scoring the state’s business climate against the rest of the nation. California got a below-average No. 30 ranking among the states when my trusty spreadsheet looked at eight yardsticks of economic well-being from a business perspective. That’s not terribly surprising, given all the C-suite criticism of the state’s … Read more
NASA’s Jet Propulsion Laboratory announced Tuesday, Nov. 12, its second major round of layoff in nine months, cutting more than 300 jobs—approximately 5% of its workforce—to address budgetary constraints. This latest round affects 325 positions across nearly all sectors, including technical, project, business and support, JPL said in a statement. Calling the cuts “painful but … Read more
The region’s median home price was up 6% in September, despite transactions falling to a near-record low, CoreLogic reported. Subscribe to continue reading this article. Already subscribed? To login in, click here. Originally Published: November 11, 2024 at 4:49 PM PST Read original article here Denial of responsibility! Pioneer Newz is an automatic aggregator of … Read more
