- Economy at a Glance! -
The United States economy grew 2.8 percent with 7.3 percent unemployment rate and 2.6 percent
inflation rate. In California, the unemployment rate rose from 8.5 to 8.8 percent. Kern
County’s unemployment rate fell to 11.1 from 11.8 percent...
- Kern County Business Outlook -
Results of the Business Outlook Survey indicate that local business managers are still
confident about local economic conditions. The Business Outlook Index stayed constant at
- Bakersfield Consumer Sentiment -
Results of the Consumer Sentiment Survey suggest that Bakersfield households are neither
optimistic nor pessimistic about employment and financial conditions of their families,
friends, and relatives. The Consumer Sentiment Index improved from a pessimistic 98 to a
- Tracking Kern's Economy -
Kern County generated $15.85 billion in real personal income, $130 million more than the
previous quarter. The rate of unemployment dropped to 11.1 from 11.8 percent. While below the
county average, the rate of unemployment averaged 6.1 percent in Ridgecrest, 6.8 percent in
Tehachapi, 7.5 percent in Bakersfield, and 8.2 percent in California City. The housing market
continued its recovery. The county's median sales price for all residential units appreciated
$10,300 (or 6.1 percent) from $169,200 to $179,500. In Bakersfield, the median housing price
appreciated $10,700 (or 5.8 percent) from $183,300 to $194,000...
- I Wish I were a CEO, Not! -
I always wondered why CEOs make so much money, but university professors earn so little.
While S&P 500 CEOs are compensated millions of dollars, salaries of university professors
seldom break the six-digit mark...
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