Region’s unemployment rate rises slightly in November
The unemployment rate in the tri-county region has ticked up steadily over the past couple of months, rising to 3.2% in November, according to data released Dec. 16 by the California Employment Development Department. San Luis Obispo County continues to post the region’s lowest unemployment rate, currently sitting at 2.8%. In Santa Barbara County, the Read More →
Apeel laying off 96 in second round of the year
Goleta-based Apeel Sciences will lay off a large portion of its workforce, mainly in the Santa Barbara County area, in its second major round of layoffs this year, the company has disclosed. Apeel will lay off a total of 96 employees from its Goleta office, according to a company filing with the state of California. Read More →
Trade Desk EPS grew, but stocks still fell
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Business groups push State Street improvement
Two influential Santa Barbara business organizations are proposing an improvement district for the city’s ailing downtown area, but some business owners have expressed reservations. The Downtown Organization of Santa Barbara and the Santa Barbara South Coast Chamber of Commerce have proposed a Community Benefit Improvement District aimed at reversing the decline of the area, including Read More →
Community Bancorp of Santa Maria sees net income dip in second quarter
Community Bancorp of Santa Maria saw its net income decline 8.2% in the second quarter, as total assets and deposits increased. In a July 12 earnings statement, the bank reported net income of $1.3 million for the quarter ended June 30. In the same quarter a year earlier, Community Bank of Santa Maria reported net Read More →
Region’s unemployment rate reaches lowest level of pandemic
The unemployment rate in the tri-county region dropped just below 4% in February, its lowest point since before the pandemic began and down from 4.6% the previous month. The statewide unemployment rate declined, too, as the omicron wave of COVID-19 cases began to subside, dropping from 5.7% in January to 5.4% in February, according to Read More →
Tips from region’s experts on investing in times of trouble
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