California Jobless Rate Falls With Help of Temporary JobsA raft of temporary government jobs for the U.S. Census boosted California's economy in August as the state added 101,900 jobs as the unemployment rate fell below the high-water mark of the Great Recession for the first time since March.
More Than Half Of San Francisco Storefronts Closed Due To PandemicAccording to the San Francisco Chamber of Commerce only 46 percent of storefront businesses in San Francisco that were open at the beginning of the pandemic are still operating.
Wells Fargo Lost $2.4B Last Quarter, Likely To Cut Dividend For 1st Time Since Great RecessionWells Fargo swung to its first quarterly loss since the Great Recession, forcing the struggling San Francisco-based bank to warn it will likely slash its coveted dividend by 80%.
U.S. Household Incomes Rise For First Time In 8 YearsAmericans finally got a raise last year after eight years of stagnating incomes.
Foreclosure Rate Drops To 2007 LevelsForeclosures fall well off the pace from the recession peak
Most Americans Spending At Least Half Their Pay On HousingThe surging cost of rental housing has squeezed a rising proportion of U.S. families since the Great Recession struck in 2007.
Opinion: Auto And Bank Bailouts Prove EffectiveOn Monday, the Treasury Department sold 553,846,153 shares in AIG on Monday, turning an $18 billion profit on the $32.50 a share price.
Big Bay Area Companies See Job Growth AheadLeaders at most of the Bay Area’s biggest companies said they are optimistic about the economy, with more than a third planning to hire this year.