Portfolio watch
Latest news, Personal FinanceMechanics Bank Wealth Management challenges the conventional wisdom of a slowing economy in its latest weekly update. And that wisdom also has held that the Fed would “pause their cycle of rate hikes” as early as this winter. But the December employment report shattered that view and now the extraordinary level of job creation “is Read More →
Vital signs: Wages and salaries increase for L.A. Metro workers
Economy, Latest newsIn the Los Angeles Metropolitan area, wages and salaries for private industry workers increased 5.9% from December 2021 to December 2022, compared to the U.S. average of 5.1%, the U.S. Bureau of Labor Statistics published on Feb. 3. According to the report, compensation costs for private industry workers increased also increased 5.7%, up from 5.1% Read More →
Portfolio Watch
Personal FinanceScott Anderson at Bank of the West is warning about a “residential housing market swoon,” with home prices dropping 0.54% in November, according to the S&P CoreLogic Case-Shiller index. “Home prices have declined for five consecutive months,” he added noting that the biggest decliners included San Francisco, Phoenix and Las Vegas, with declines of more Read More →
Vital Signs: The labor market still lagging behind
Economy, Latest news, Tri-County EconomyStatistics from The California Labor Market Information Division’s December 2022 report showed a declining unemployment rate across all three counties on the Central Coast, but job creation is still lacking far behind, according to the Economic Development Collaborative. In Ventura County, only a net gain of 200 jobs was calculated for the month of December. Read More →
Street Smarts: Famed author to speak at Westmont President’s Breakfast
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Resources available for small businesses and nonprofits following storm
Latest news, middleSmall businesses and nonprofits that experienced damage from winter storms are getting help from the SBA and other federal agencies after much of the region was declared a major disaster. Officials in San Luis Obispo and Santa Barbara Counties are setting up disaster recovery centers. Ventura County is not included in the major disaster declaration Read More →
Good Works: Planes of Fame announces new air museum in SM Airport
Latest news, NonprofitsSanta Maria-based Planes of Fame Air Museum announced that over 60% of its campaign goal to develop a new Museum Campus at the Santa Maria Airport has been raised, the nonprofit said on Jan. 17. According to the 501(c)(3), it has raised $7.5 million of its $12 million goal so far. A benefactor has also Read More →
