News
LA County Unemployment Rate Up Slightly in April
1+ hour, 48+ min ago (156+ words) Los Angeles County's seasonally adjusted unemployment rate increased slightly to 5. 5% in April, up a revised 5. 4% in March, according to figures released Friday by the state Employment Development Department. The 5. 5% rate was below the 5. 7% rate from April 2025, according to the EDD....
California's $20 Fast Food Wage Yields Higher Prices, Fewer Jobs, More Automation
2+ mon, 3+ day ago (581+ words) Two years ago, a hotly contested law imposing a $20-per-hour minimum wage on franchised fast food outlets took effect. The legislation, Assembly Bill 1228, emerged frommonths of intense political conflict, pitting fast food behemoths such as Mc Donalds against service worker…...
Buckle Up: President's Mortgage Plan Tests a Fragile 2026 Economy
4+ mon, 1+ week ago (293+ words) Then came the policy curveball." President Trump announced he would direct Fannie Mae and Freddie Mac to purchase $200 billion in mortgage bonds, arguing the move would "drive mortgage rates down, monthly payments down, and make homeownership more affordable." On its…...