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Kern Economic Journal
The Kern Economic Journal is a quarterly publication (February, May, August, and November). Its purpose is to track and analyze economic trends that affect the well-being of Kern County. In doing so, the journal provides primary data on consumer confidence and business outlook as well as secondary data on a wide range of economic indicators. These data help the community make more informed decisions. Sources of funding for the journal include university contributions and sponsorship fees.
Economy at a Glance! - The United States economy grew at a rapid rate of 4.0 percent with 6.2 percent unemployment rate and 3.0 percent inflation rate. In California, the unemployment rate dropped to 7.2 from 8.1 percent. Likewise, Kern County’s unemployment rate declined to 11.4 from 13.6 percent...
Kern County Business Outlook - Results of the Business Outlook Survey indicate that local business managers are more confident about local economic conditions. The Business Outlook Index leaped to 125 from 120...
Bakersfield Consumer Sentiment - Results of the Consumer Sentiment Survey suggest that Bakersfield households are less pessimistic about employment and financial conditions of their families, friends, and relatives. The Consumer Sentiment Index rose to 98 from 95...
Tracking Kern's Economy - Kern County generated $16.1 billion in real personal income, $160 million more than the previous quarter. The rate of unemployment dropped to 11.4 from 13.6 percent. The rate of unemployment averaged 6.0 percent in Ridgecrest, 6.6 percent in Tehachapi, 7.3 percent in Bakersfield, and 8.3 percent in California City. The housing market conditions improved as the county's median sales price for all residential units appreciated $8,350 (or 4.8 percent) from $175,000 to $183,350. In Bakersfield, the median housing price appreciated $11,300 (or 5.8 percent) from $193,400 to $204,700...
California Tourism Industry Rebounded - Over 235 million people traveled in California. They spent $109.6 billion. Their spending generated $2.8 billion in local tax revenues and $4.3 billion in state tax revenues…
Boardwalk Empire: Economics In Action - Economics in action is well portrayed in the second season of HBO’s Boardwalk Empire. The story takes place in Atlantic City during the Prohibition (1920-33), when a constitutional amendment attempted to eradicate the "evils" of alcohol consumption. In episodes 20-22, Nucky Thompson applies the economic concepts of demand-supply and wage discrimination to break enemy alliance and eliminate rivals…