Topic: Economy
News
June 5, 2015
U.S. employers ramped up hiring last month and wages picked up after a winter lull, signs of an accelerating economy that nudge the Federal Reserve toward a September interest-rate increase.
News
June 5, 2015
The average annual pay for tech workers in Silicon Valley, including Santa Clara and San Mateo counties, is 66 percent higher than the next-closest region in the U.S. — Seattle — according to the UCLA Anderson Forecast report released Wednesday. The hiring boom has helped California reach 2.5 percent job growth.
News
June 5, 2015
Despite the bad news, consumer spending and home building are rising. Real disposable personal income is roaring ahead at growth rates of 6.2 percent in the first quarter of 2015 and 3.6 percent at the end of 2014. Even the personal savings rate is up (5.5 percent so far this year and 6.2 percent at the end of 2014). These consumer factors are attributed to an increase in government social benefits, though, and not to jobs and economic prosperity. Social Security makes payments to more than 64 million Americans and nearly 3 million more receive federal government retirement checks. More than 20 percent of the US population is basically living on fixed-incomes.
News
June 5, 2015
A group led by the California Sportfishing Protection Alliance announced Thursday it has sued the State Water Resources Control Board, state Department of Water Resources and U.S. Bureau of Reclamation, saying they’ve redirected water to human needs at the expense of Chinook salmon, Delta smelt and other endangered species.
News
June 5, 2015
The state’s exports of goods to foreign markets in April totaled $14.39 billion, up from the $14.09 billion recorded in April 2014. By way of comparison, total U.S. exports of goods saw a 4.2% decline in the same period, while exports from Texas shrank by a full 9.0%.
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