May 31, 2016
Consumer spending rose 1 percent last month after a flat reading in March, the Commerce Department reported Tuesday. Incomes were up a solid 0.4 percent, matching the March gain. Wages and salaries, the most important component of incomes, gained 0.5 percent.
May 27, 2016
The broader economy seems on track to rebound after a weak performance over the past few quarters. Gross domestic product, a broad measure of goods and services produced across the U.S. economy, expanded at a 0.8% seasonally adjusted annual rate in the first three months of 2016, the Commerce Department said in updated figures out Friday. That was up from an initial estimate of 0.5% growth but still represented a deceleration from the fourth quarter’s 1.4% growth rate.
May 24, 2016
We’re supposedly living in the age of startups when people can create new businesses, enrich themselves, and employ their fellow Americans. That narrative, like much economic optimism these days, is now mostly a tale for coastal cities, and a tenuous one at best. . . Fewer new businesses were created in the last five years in the US than any period since at least 1980 . . . Businesses that did form are also far more concentrated than ever before: just 20 counties accounted for half of the country’s total new businesses. All of them were in large metro areas.
May 23, 2016
For the first three months of this year, registrations for new cars sold exceeded 500,000, a 3.8 percent improvement over the first quarter of 2015, marking the 22nd consecutive year-over-year increase in quarterly registrations.
May 18, 2016
The Economic Dashboard is the result of a partnership between the Economic Vitality Corp. and the California Business Roundtable. Major sponsors are San Luis Obispo Partners in Education, a program of the San Luis Obispo County Office of Education, and Dignity Health of the Central Coast.