- Economy at a Glance! -
The United States economy sank 0.1 percent with 7.8 percent unemployment and 2.0 percent
inflation. In California, the unemployment rate fell from 10.5 to 9.9 percent. In Kern
County, the rate of unemployment stayed constant at 12.5 percent...
- Kern County Business Outlook -
Results of the Business Outlook Survey indicate that local
business managers are less confident about local economic conditions. The Business Outlook Index
dropped to 112 from 117...
- Bakersfield Consumer Sentiment -
Results of the Consumer Sentiment Survey suggest that
Bakersfield households are concerned about financial conditions of their families, friends, and
relatives. The Consumer Sentiment Index slipped to 92 from 96...
- Tracking Kern's Economy -
Kern County generated $15.7 billion in real personal income, $30
million more than the previous quarter. The rate of unemployment stayed constant at 12.5 percent.
While below the county average, the rate of unemployment averaged 7.3 percent in Ridgecrest, 8.0
percent in Tehachapi, 8.9 percent in Bakersfield, and 10.0 percent in California City. Housing
market conditions improved considerably. The county's median sales price for all residential units
appreciated $9,400 (or 6.8 percent) from $138,500 to $147,900. In Bakersfield, the median housing
price appreciated $9,000 (or 5.9 percent) from $152,100 to $161,100...
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