Latest Sung Won Sohn News

US economy looking durable despite risks from trade conflict

Nov. 27, 2019 1:08 PM EST

WASHINGTON (AP) — A series of government reports Wednesday cast a picture of a steadily growing U.S. economy, fueled by solid consumer spending and defying threats — at least for now — from a U.S.-China trade war and a global slowdown. The Commerce Department estimated that the economy grew...

California unemployment rate falls to record low of 4%

Oct. 18, 2019 7:50 PM EDT

SAN FRANCISCO (AP) — California's economy kept humming in September, dropping the unemployment rate to a record low 4% statewide and under 2% in San Francisco and some of its neighboring counties, a level that economists once thought impossible. "That is almost unthinkable," said Sung Won Sohn, professor...