Stocks took a major dive last week over recession fears.Analysts sited economic data from China and Germany as one reason, but the bigger factor, they said, was the benchmark 10-year Treasury note falling below the two-year rate. The inverted yield curve is considered a sign of a coming recession by some experts.Question: Is the recent yield-curve inversion a sign of a coming recession?Chris Van Gorder, Scripps Health YES: It certainly reflects the sentiment of bond investors that the U.S. and global economies are faltering and that a recession is imminent. Whether intervention by the Fed and other central banks can prevent or at least forestall a recession is subject to debate. President Trump will likely attempt to resolve the trade conflict with China before the next election, which could also stimulate the economy, at least temporarily. But I think the U.S. will enter into a mild to moderate recession by early 2021.Lynn Reaser, Point Loma Nazarene UniversityNO: Markets actually … [Read more...] about Econometer: Is the yield curve change a sign of a recession?
San Diego County’s jobless rate was up slightly to 3.6 percent in July, largely seen as typical because of the summer slowdown in education hiring, said state labor officials Friday.The unemployment rate here was lower than the statewide average of 4.4 percent and 4 percent for the nation. A year ago at this time, the jobless rate in the county was also 3.6 percent, said the state’s Employment Development Department.Annual job growth in San Diego is running ahead of historical figures. The region added 29,700 jobs in the last 12 months. For context, San Diego County added 21,000 jobs annually at the same time last year.Genine Wilson, a vice president at staffing agency Kelly Services, said despite a marginally higher unemployment rate, she has not a seen any change in the difficulty companies are having filling positions because the labor market is still tight. Wilson said there has not been a reduction in job postings, so this week’s talk of a coming recession … [Read more...] about San Diego unemployment ticks up to 3.6%
Published 9:14 am CDT, Friday, August 16, 2019 Texas unemployment is holding at record lows. Texas unemployment is holding at record lows. Photo: Spencer Platt, Staff / Getty Images Photo: Spencer Platt, Staff / Getty Images Image 1 of / 1 Caption Close Image 1 of 1 Texas unemployment is holding at record lows. Texas unemployment is holding at record lows. Photo: Spencer Platt, Staff / Getty Images Strong job growth, low unemployment, continues in Texas 1 / 1 Back to Gallery Texas employers added more than 30,000 jobs in July as the state's unemployment rate held at an all- time low, the Texas Workforce Commission reported. Employers added 35,200 jobs in July and more than 323,000 … [Read more...] about Strong job growth, low unemployment, continues in Texas
Wages for college students have been mainly flat since 2001, said The Wall Street Journal, and many graduates have found going to college did not come with an earnings boost as the cost of college soared.Question: Is going to college still a good financial move?Phil Blair, ManpowerYES: Totally predicated on your career path of choice. If the career path is one that needs specialized training, and necessitates you be able to check the box of a four year degree, then that degree will make a huge difference in your lifetime earnings. But if you are one of those talented people who enjoy working with your hands, or are creative, then the four years of being in the workforce and not the classroom — and the avoidance of thousands of dollars in college tuition debt — will put you way ahead in your career of choice. And you can always go back to school if circumstances change. But you can’t get those four years spent in college back if it was not helpful to your chosen … [Read more...] about Econometer: Does it still make financial sense to go to college?
-The inflation rate for the San Diego metropolitan area was higher than the national average, and most cities, in the first six months of the year, federal statistics released Tuesday show.From January to June, San Diego metro’s inflation was 2.8 percent in the six month period, higher than the nationwide average of 1.7 percent, said the U.S. Bureau of Labor Statistics’ Consumer Price Index. San Diego had the third-highest inflation rate of the 22 metro areas studied by the bureau.San Francisco metro had the highest rate at 3.7 percent, followed by 3 percent in the Los Angeles metro area. Detroit and St. Louis had the lowest inflation rates at 0.8 percent in both metros.Higher inflation rates can be rough for consumers who must pay more for items, because wage increases don’t always correlate. In San Diego metro, the rate was lifted by rising housing costs and motor fuel prices. Lynn Reaser, chief economist for the Fermanian Business & Economic Institute at Point … [Read more...] about San Diego’s inflation rate among highest in nation