- Economy at a Glance! -
The United States economy grew 1.7 percent with 7.6 percent unemployment rate and
near zero inflation. In California, the unemployment rate fell from 9.6 to 8.7 percent.
Kern County’s unemployment rate also fell to 11.8 from 14.2 percent...
- Kern County Business Outlook -
Results of the Business Outlook Survey indicate that local business managers are
slightly more confident about local economic conditions. The Business Outlook Index
increased to 122 from 120...
- Bakersfield Consumer Sentiment -
Results of the Consumer Sentiment Survey suggest that Bakersfield households are
still pessimistic about employment and financial conditions of their families, friends,
and relatives. The Consumer Sentiment Index remained constant at 98...
- Tracking Kern's Economy -
Kern County generated $15.72 billion in real personal income, $110 million more than
the previous quarter. The rate of unemployment dropped to 11.8 from 14.2 percent.
While below the county average, the rate of unemployment averaged 6.5 percent in
Ridgecrest, 7.2 percent in Tehachapi, 8.0 percent in Bakersfield, and 9.0 percent
in California City. The housing market continued its recovery. The county's median
sales price for all residential units appreciated $16,200 (or 10.6 percent) from
$153,000 to $169,200. In Bakersfield, the median housing price appreciated $10,600
(or 6.1 percent) from $172,700 to $183,300…
- The Economics of Love -
The Valentine’s Day is big business for retailers as people spend much money to express
love and affection. Those buying Valentine goodies like followers and chocolate pay
higher prices than they normally do for the same products at any other day of the year...
- The Man Who Saved Capitalism -
John Maynard Keynes was the most influential economist of the twentieth century.
His pioneering work, The General Theory of Employment, Interest, and Money (1936)
has led to the development of macroeconomics...
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