Unemployment rate drops again in region and state
Unemployment in the tri-county region dropped to 6.4% in March, the second lowest rate since the pandemic began, according to Business Times analysis of data released by the California Employment Development Department on April 16. The regional and state job markets improved as COVID-19 declined from their January high mark. The tri-county unemployment rate was Read More →
Read More →Region’s unemployment down to 6.8% in February
The tri-county region’s unemployment rate dropped more than a half a percentage point between January and February as the region began to emerge from the deadly winter surge of COVID-19 cases. The region’s combined unemployment rate was 6.8% in February, according to Business Times analysis of data released March 26 by the California Employment Development Read More →
Read More →Region’s unemployment rate flat in January as COVID surged
The tri-county region’s unemployment rate was 7.4% in January, the same as in December, as the region and state endured the second month of the winter COVID-19 surge. California’s unemployment rate was 9% in January, down from 9.3% in December, according to data released March 12 by the state Employment Development Department. The national unemployment Read More →
Read More →SEC alleges pump-and-dump fraud at Airborne Wireless in Simi Valley
The U.S. Securities and Exchange Commission filed suit on March 2 against Simi Valley-based Airborne Wireless Network and seven of its shareholders and executives, accusing them of orchestrating a $45 million pump-and-dump stock fraud scheme. The lawsuit was filed in federal court in New York. The defendants are Kalistratos Kabilafkas, Timoleon Kabilafkas, Panagiotis Bolovis, Eric Read More →
Read More →Direct Relief launches new health equity fund with Scott’s $50M gift
MacKenzie Scott’s donation to Direct Relief equaled the largest in the organization’s history, at $50 million, and will go toward the Fund for Health Equity, a new project Direct Relief unveiled March 2. Scott announced in December that she was giving nearly $4.2 billion to 384 different charitable organizations in the United States. Direct Relief, Read More →
Read More →Coast Guard says it will enforce new safety rules to prevent another deadly boat fire
The U.S. Coast Guard says it will require interconnected smoke detectors, night watch patrols and other safety measures recommended for small passenger boats after the deadly fire on board the Conception dive boat in the Santa Barbara Channel in 2019. In a Feb. 10 letter to the National Transportation Safety Board, Coast Guard Vice Admiral Read More →
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From the archives: J.D. Power’s entry into the Business Times Hall of Fame
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