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Mechanics 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 →
By Guest commentary / Friday, February 10th, 2023 / Latest news, Op/Eds, Opinion / Comments Off on Jaywalking is now legal, but Californians still need to be cautious
Californians woke up the morning of Jan. 1 with the right to legally jaywalk – an activity many already engaged in regularly. The “Freedom to Walk Act,” (AB 2147) signed by Gov. Gavin Newsom in September, reverses one of the strictest jaywalking laws in the country. For decades, pedestrians crossing against the light or outside Read More →
By Staff Report / Friday, February 10th, 2023 / Economy, Latest news / Comments Off on Vital signs: Wages and salaries increase for L.A. Metro workers
In 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 →
With the near-record storm behind the Central Coast, all that is left now is to pick up the pieces. The Federal Emergency Management Agency and the Small Business Administration have been the ones trying to accomplish that goal, teaming up to provide the tri-counties with a slew of help. “Partnering with FEMA and the Small Read More →