Tri-county unemployment down to 6.8% in October
The unemployment rate dropped by a full percentage point or more in each of the region’s three counties between September and October, according to data released Nov. 20 by the California Unemployment Development Department. Ventura County’s unemployment rate in October was 7.1%, down from 8.3% the previous month. In Santa Barbara County, the rate was Read More →
Newsom issues COVID curfew for most of state
Gov. Gavin Newsom and the California Department of Public Health announced a limited “stay-at-home order” requiring all non-essential work, travel and gatherings to stop between 10 p.m. and 5 a.m. for the vast majority of the state’s population. The curfew order applies to all counties in California that are in the most restrictive, or purple, Read More →
CLU economists see the silver lining in Ventura County
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As COVID cases rise, region takes step back on road to re-opening
The entire tri-county region is going back into the most restrictive tier of California’s pandemic reopening system, as a rise in cases across the state forced Gov. Gavin Newsom to take emergency action. Under the state’s rules, all three counties would have re-entered the purple tier on Nov. 24, the Tuesday before Thanksgiving, if case Read More →
Guitar Center plans to file Chapter 11, cites pandemic’s effect on sales
Westlake Village-based Guitar Center plans to file for Chapter 11 bankruptcy, citing the pandemic as a major strain on the company’s resources. In a Nov. 13 news release, Guitar Center said that it had secured up to $165 million in new equity investments to recapitalize the company and reduce its corporate debt by nearly $800 Read More →
Salem Media back in black after cost-cutting
Salem Media Group, a Camarillo-based owner of conservative radio stations and other media properties, had net income of 1 cent per share in the third quarter, digging the company out of the hole it was at the same time in 2019. In the third quarter of 2019, Salem posted a $20.0 million net loss, which Read More →
CSUCI administrator named next interim president
Richard Yao, the vice president for student affairs at CSU Channel Islands, has been named the university’s interim president by CSU Chancellor Timothy P. White. Yao will assume leadership of the Camarillo-area university on Jan. 11, when current president Erika Beck leaves to becomes president of CSU Northridge, White’s office announced Nov. 12. Yao, who Read More →
