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Economic update for the week ending August 26, 2023

Aug 26, 2023 Stock markets- Economic news this week focused around the Fed’s annual international symposium. Central banks from around the world as well as U.S. Fed Chairman Jerome Powell reiterated their intent to do whatever it takes to bring inflation ...

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Economic update for the week ending August 19, 2023

Aug 21, 2023 Stock markets dropped again this week - Stock markets, after posting historic gains in the first seven months of the year, stalled in August. While some of the selling is simply investors that feel stocks have become overvalued and are taking...

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L.A. County Unemployment Rate Drops to 4.9%

Jul 25, 2023 L.A. County’s unemployment rate dipped to 4.9% in June from 5.0% in May even as the number of workers on payrolls slipped amid the first indirect impacts of the writer’s strike, according to state figures released July 21. The drop in th...

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Economic update for the week ending July 21, 2023

Jul 22, 2023 Stock markets continued to post strong results this week – The 2023 stock market rally continued this week. The Nasdaq has risen almost 35% from the start of the year. The S&P and Dow are within 6% of their all-time highs. Second quarter corp...

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Economic update for the week ending June 17, 2023

Jun 17, 2023 Stock markets closed higher this week - Stock markets surged this week on positive economic news. The Consumer Price Index (CPI), the broadest reading of inflation, showed that consumer prices increased 4% in May from one year ago. While a lon...

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Economic update for the week ending June 10, 2023

Jun 10, 2023 Stock markets closed slightly higher – Stocks closed the week higher. It marked the fourth straight week of gains for the S&P and the seventh straight week of gains for the Nasdaq. Next Tuesday the Consumer Price Index (CPI), the broadest mea...

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L.A. County Unemployment Rate Dips to 4.9% in April

May 20, 2023 Los Angeles County’s unemployment rate dipped back below 5% to 4.9% in April as employers in the county added nearly 30,000 jobs to their payrolls, according to state figures released Friday. Those added jobs sent the county’s April payr...

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