SACRAMENTO — California's unemployment rate held steady at the record low 3.9% in December, the state said Friday. California added 12,600 nonfarm payroll jobs during the month, the Employment Development Department said. Those gains extend California’s record job expansion to 118 months. The current expansion began in February 2010. The...
US Adds 145,000 Jobs; Unemployment Holds at 3.5%
WASHINGTON — U.S. employers added 145,000 jobs in December and the unemployment rate held steady at 3.5%, signaling that the job market remains strong at the start of 2020 even if hiring and wage gains have slowed somewhat more than a decade into an economic expansion. Friday’s snapshot from the...
Fresno County Unemployment Rate Hits Historic Low of 5.3%
The California economy keeps humming along, and Valley communities are hopping aboard the jobs train. Officials said Friday that California's unemployment rate fell to a record low of 4% in September. It also was a record-setting month for Fresno (5.3%), Kings (5.7%), Madera (5.0%) and Merced (5.5%) counties, according to the...
Fed Cuts Key Rate in Its First Reduction in More Than Decade
WASHINGTON — The Federal Reserve cut its key interest rate Wednesday for the first time in a decade to try to counter threats ranging from uncertainties caused by President Donald Trump's trade wars to chronically low inflation and a dim global outlook. The Fed also repeated a pledge to "act...
US Worker Annual Compensation Slows Slightly Through June
WASHINGTON — The annual wages and benefits for U.S. workers rose in the second quarter at a slightly slower pace than the first, suggesting that the lowest unemployment levels in a half century have not triggered rapid gains in worker compensation. The Labor Department reported Wednesday that pay and benefits...
California Legislature Declares May 4 ‘Star Wars Day’
SACRAMENTO — May the fourth officially be with you. The California Legislature voted Thursday to declare May 4 "Star Wars Day" in recognition of a Disneyland theme park slated to open later this month. It's a play on the Star Wars' phrase "may the force be with you." The resolution...
FresYes Set To Expand In 18,000 Square Foot Space Downtown
FresYes Realty is expanding its local real estate operations into Downtown Fresno, occupying the entire top floor of the high visibility Bitwise 41 building on Ventura St. adjacent to Freeway 41. "When you come into Fresno, you are now going to be welcomed by the FresYes.com and FresYes Realty brand,"...
Rise in Interest Rates Could Be Short-Lived: CNBC Report
The Federal Reserve meets today and Wednesday and a published report suggests that the central bank could halt the rise of interest rates earlier than expected. Should that happen, analysts speculate, the economy's prolonged expansion could last longer than previously forecast. CNBC reports that while the Fed is expected to...