- Economy at a Glance! -
The United States economy grew 2.5 percent with 7.7 percent unemployment rate and 1.4
percent inflation rate. In California, the unemployment rate fell from 9.9 to 9.6 percent.
In contrast, Kern County’s unemployment rate rose to 14.2 from 12.5 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 increased to
120 from 112...
- Bakersfield Consumer Sentiment -
Results of the Consumer Sentiment Survey suggest that Bakersfield households became
less pessimistic about employment and financial conditions of their families, friends,
and relatives. The Consumer Sentiment Index increased to 98 from 92...
- Tracking Kern's Economy -
Kern County generated $15.6 billion in real personal income, $90 million less than the
previous quarter. The rate of unemployment climbed to 14.2 from 12.5 percent. While
below the county average, the rate of unemployment averaged 8.3 percent in Ridgecrest,
8.6 percent in Tehachapi, 9.5 percent in Bakersfield, and 10.7 percent in California
City. Housing market conditions continued to improve. The county's median sales price
for all residential units appreciated $5,100 (or 3.4 percent) to $153,000 from $147,900.
In Bakersfield, the median housing price appreciated $11,600 (or 7.2 percent) to
$172,700 to $161,100...
- The Elephant vs. The Dragon -
It is not surprising that India and China, the most populated countries in the world,
also have the fastest growing economies. Although these heavily inhabited neighboring
powerhouses share such commonalities, they differ in many ways. India is a democracy,
but China is an autocracy...
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