UCSB forecast says U.S. economy is strong
Whether there will be a recession or not, or whether we are already in one or not, depends on the economist you talk to on any given day. For Peter Rupert, the director of UCSB’s economic forecast and a professor of economics, he made his stance on the subject clear during the organization’s Feb. 23 Read More →
Portfolio watch
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Benn: State awards millions to streamline affordable housing process
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Vital signs: The number of million-dollar homes is increasing in California
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Affordable housing will be key for economic recovery in Ventura County
While Ventura County is facing a slow post-pandemic economic recovery, there‘s reason to be more optimistic about the long term, according to the Center for Economic Research and Forecasting at Cal Lutheran. “There’s a fundamental change in attitudes (by cities) about growth – that we can achieve balance between jobs, housing and the environment to Read More →
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 →
Vital Signs: The labor market still lagging behind
Statistics 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 →
