2020 teen summer employment was lowest since Great Recession
The number of teens who were able to get jobs during the summer of 2020 saw its lowest level since the Great Recession in 2008.
California construction workers in short supply
California's economy is poised for a post-COVID comeback even faster than the rest of the nation. But one obstacle could be standing in the way: a lack of available workers. The construction industry, in particular, is feeling that shortfall.
Chipotle raising prices to offset its $15 minimum wage hike
Chipotle announced it would be raising menu prices by as much as 4% to offset the cost of the employee pay raises announced last month.
G-7 leaders agree to make tech giants pay fair taxes
The world’s richest countries have signed a landmark agreement committing them to confronting corporate tax avoidance and making sure giant tech companies pay their fair share.
US economy shows growth despite lacking enough workers, supplies
Barely more than a year after the coronavirus caused the steepest economic fall and job losses on record, the speed of the rebound has been so unexpectedly swift that many companies can’t fill jobs or acquire enough supplies to meet a pent-up burst of customer demand.
May jobs report: US adds modest 559,000 jobs amid hiring struggles
U.S. employers in May added 559,000 jobs, which was better than April but still a sign that many companies are struggling to find enough workers.
US unemployment claims drop to 385,000, another pandemic low
Unemployment benefit applications in the U.S. have dropped to 385,000, down 20,000 from the week before.
Gas prices could be headed higher before they come back down
Gas prices in the Bay Area are just a few cents shy of hitting the highest cost since 2012, according to GasBuddy. At the same time, the cost of taking a rideshare is skyrocketing amid a driver shortage.
California eyes shuttered malls, retail stores for new housing
In San Francisco, developers recently announced plans to build nearly 3,000 homes in the parking lot that surrounds Stonestown Mall — a sprawling, 40-acre site that has lost some anchor retail tenants in recent years.
US unemployment claims fall to 406,000, a new pandemic low
The number of Americans filing for unemployment benefits dropped last week to 406,000, a new pandemic low and evidence that the job market is strengthening.
Diapers, toilet paper, other consumer goods to cost more starting in June
The prices of many everyday items will start to rise beginning next month as the country’s economy eases its way out of the COVID-19 pandemic.
Buying a gift card? Watch out for gift card scams that leave you and your recipient empty-handed
One scam targets cards that have not been purchased yet. Scammers go to the gift card rack and scratch off and photograph the PIN. Then they keep calling the 800 number associated with the card, checking until someone has purchased the card and put money on it. They quickly drain the card before the recipient can use it.
US achieves another pandemic low with 444,000 new unemployment claims
The number of Americans seeking unemployment aid fell last week to 444,000, a new pandemic low and a sign that the job market keeps strengthening as consumers spend freely again, viral infections drop and business restrictions ease.
The drought's assault on California's $50 billion farm industry
A growing number of drought stricken California farmers are making the painful decision not to plant as much or anything at all for fear of losing it all.
Unemployment claims fall to 473,000, another pandemic low
The number of Americans seeking unemployment benefits fell last week to 473,000, a new pandemic low and the latest evidence that fewer employers are cutting jobs as consumers ramp up spending and more businesses reopen.
San Jose Flea Market vendors fearful about their future
The San Jose Planning Commission is set to vote on new plans for an urban village around the Berryessa BART station. It could impact the historic San Jose Flea Market. Long-time vendors are concerned about their livelihoods.
Gas prices in Bay Area to increase, but not because of Colonial Pipeline
The ransomware attack on Colonial Pipeline is suspending fuel operations along the East Coast. Experts say it will not affect the Bay Area or the West Coast.
Major US pipeline hit by ransomware attack could be back online by week’s end
The operator of a major U.S. pipeline hit by a cyberattack said Monday that it hopes to have service mostly restored by the end of the week.
Despite strong job market, new grads face increased competition
As job openings grow above pre-pandemic levels, new college grads will find that there are many options available. This year's graduating class is also poised for better prospects than the class of 2020 saw.
Average US price of gas jumps 6 cents per gallon to $3.02, up $1.05 from year ago
The highest average price in the nation right now is $4.16 a gallon in the San Francisco Bay Area. The lowest average is $2.55 in Baton Rouge, Louisiana.