The numbers: American families paid more for gas, rent and airfare in August, but upward pressure on consumer inflation eased for the first time in almost a year. The consumer price index rose by 0.2% in August to mark the fifth straight increase. Economists polled by MarketWatch had predicted a 0.3% gain.
Job openings rose from 6.82 million in June, the government said Tuesday. About 5.68 million people were hired and 5.53 million lost their jobs in July. Such a high level of what economists call “churn” is common in the huge U.S. economy. The share of people who left jobs on their own, known as the […]
Over a million more people moved out of California from 2006 to 2016 than moved in, according to a new report, due mainly to the high cost of housing that hits lower-income people the hardest. “A strong economy can also be dysfunctional,” noted the report, a project of Next 10 and Beacon Economics. Housing costs […]
Amazon.com, Inc. today announced it is finalizing plans to open a new 1.2 million-square-foot fulfillment center in Moreno Valley, Calif. Amazon will create more than 1,000 full-time jobs at the fulfillment center when it opens. This will be Amazon’s fourth fulfillment center in the state. The company’s other sites are located in Patterson, San Bernardino and Tracy.