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California’s economy now 6th in world

California’s economy is now the sixth largest in the world, according to a new federal report. The state’s economy, led by the finance and insurance industries, grew at the second…

Revised GDP numbers slightly better than early estimates

WASHINGTON — The U.S. economic slowdown to start the year wasn’t quite as bad as first thought. The gross domestic product grew at a revised annual rate of 0.8 percent,…

Consumer sentiment hits highest point of the year

Consumer sentiment hits highest point of the year

WASHINGTON — Steady hiring and higher incomes have helped boost consumer sentiment according to the University of Michigan. The school’s index of consumer sentiment rose to 94.7 in May, it’s…

Steady growth expected for California economy

STOCKTON — The University of the Pacific’s Center for Business and Policy Research predicts steady growth for the California economy, despite a slowdown at the beginning of the year. It…

New overtime rules could impact 12.5 million workers

New overtime rules could impact 12.5 million workers

New overtime rules will likely make an additional 12.5 million employees eligible for overtime protections, according to the Economic Policy Institute. The new rule raises the overtime threshold from $455…

Unemployment rate sinks across Central Valley

SACRAMENTO — Unemployment shrank across the Central Valley in April. The lowest Valley unemployment rate was in San Joaquin County at 8.1 percent in April, down from 8.8 percent in March.…

Federal Reserve poised to consider interest rate hike

Federal Reserve poised to consider interest rate hike

WASHINGTON — The Federal Reserve appears ready to raise interest rates again. At a meeting of the Federal Open Market Committee, April 26-27, members appeared to echo concerns of the…

April prices make biggest jump in three years

April prices make biggest jump in three years

WASHINGTON — A surge in the price of gasoline helped push consumer prices up in April by the largest amount in more than three years, according to the U.S. Labor…

Home Depot beats sales expectations

Home Depot beats sales expectations

ATLANTA — Home Depot bucked the recent retail trends and reported higher-than-expected sales for the first quarter. The company earned $1.8 billion, or $1.44 per share, surpassing per-share projections for…

Unemployment rates dropping in most metro areas

WASHINGTON D.C. — Unemployment rates have improved over the last year in 270 out of 387 metropolitan areas, according to the Bureau of Labor Statistics. The rate has increased in…