December 3, 2022
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U.S. economy in relatively strong shape, UCSB economist says in Ventura

By   /  Wednesday, November 9th, 2022  /  Latest news, middle, Regions, Top Stories, Ventura County  /  Comments Off on U.S. economy in relatively strong shape, UCSB economist says in Ventura

The U.S. economy is not in a recession and if one is coming soon we’re well-positioned to withstand it with minimal damage, UC Santa Barbara economist Peter Rupert said during a Ventura Chamber of Commerce event Nov. 9. Rupert is a professor of economics and the director of the UCSB Economic Forecast Project. There is Read More →

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In Solvang, state controller says recession is coming to California

By   /  Thursday, August 25th, 2022  /  Latest news, Law & Goverment, middle, Regions, Santa Barbara County, Top Stories  /  Comments Off on In Solvang, state controller says recession is coming to California

Economists are predicting a recession will probably occur in full within the next two years, according to California State Controller Betty Yee, who spoke at an Aug. 24 event in Solvang hosted by the Solvang Chamber of Commerce. Some larger companies in California are already making decisions to delay hiring and delay business growth, Yee Read More →

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New GDP data shows onset of pandemic recession in region

By   /  Wednesday, December 8th, 2021  /  Central Coast, East Ventura County, Government, Latest news, South Coast, Tri-County Economy, West Ventura County  /  Comments Off on New GDP data shows onset of pandemic recession in region

The combined gross domestic product of the tri-county region dropped 2.4% from 2019 to 2020 as the COVID-19 pandemic took hold, a better performance than either the state or the nation as a whole, according to data released Dec. 8 by the U.S. Bureau of Economic Analysis. Gross domestic product is the dollar value of Read More →

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Women business owners face an uncertain future

By   /  Wednesday, August 26th, 2020  /  Latest news, Small Business, Subscriber content, Women Inc.  /  Comments Off on Women business owners face an uncertain future

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Unemployment rate drops in Tri-Counties, still in double digits

By   /  Friday, August 21st, 2020  /  Central Coast, East Ventura County, Latest news, South Coast, Tri-County Economy, West Ventura County  /  Comments Off on Unemployment rate drops in Tri-Counties, still in double digits

Unemployment rates in Ventura, Santa Barbara and San Luis Obispo counties continued to inch downward in July, though all three remained at historically high levels in the fourth month of the coronavirus pandemic. The combined civilian unemployment rate for the tri-county area was 10.7 percent in July, according to a Business Times analysis of data Read More →

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Alaska Airlines to add Santa Barbara-San Diego daily flights

By   /  Tuesday, August 4th, 2020  /  Latest news, South Coast, Tourism, Tri-County Economy  /  Comments Off on Alaska Airlines to add Santa Barbara-San Diego daily flights

Alaska Airlines will fly direct daily from Santa Barbara to San Diego starting Nov. 20, Santa Barbara Airport announced Aug. 4. Alaska Airlines already offers daily service from Santa Barbara to Seattle and Portland. The new flight reduces travel between San Diego and Santa Barbara from a car trip that can take anywhere from four Read More →

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June unemployment drops in region, still historically high

By   /  Friday, July 17th, 2020  /  Latest news, Tri-County Economy  /  Comments Off on June unemployment drops in region, still historically high

Unemployment rates in Ventura, Santa Barbara and San Luis Obispo counties all dropped in June, but all three remained in double digits, and worse than the nadir of the Great Recession a decade ago, according to data released July 17 by the California Employment Development Department. Ventura County’s unemployment rate was 12.6 percent in June, Read More →