Latest Sung Won Sohn News

US economy grew at 2.3% rate in Q3, up from earlier estimate

Dec. 22, 2021 18:25 PM EST

WASHINGTON (AP) — The U.S. economy grew at a 2.3% rate in the third quarter, slightly better than previously thought, the Commerce Department said Wednesday. But prospects for a solid rebound going forward are being clouded by the rapid spread of the latest variant of the coronavirus. ...

California jobless rate below 7%; 1st time since March 2020

Dec. 17, 2021 15:32 PM EST

SACRAMENTO, Calif. (AP) — Hiring in California slowed significantly in November even as the state's unemployment rate dipped below 7% for the first time since the start of the pandemic in March 2020, according to new data released Friday. Even though California’s unemployment...

California jobless rate falls in October as hiring picks up

Nov. 19, 2021 14:36 PM EST

SACRAMENTO, Calif. (AP) — Following a lull in September, California employers bounced back in a big way last month as they added 96,800 new jobs and lowered the state's unemployment rate to 7.3% New data released Friday showed job gains across all but one employment...

California hiring slows in September; jobless rate at 7.5%

Oct. 22, 2021 17:40 PM EDT

SACRAMENTO, Calif. (AP) — In California, new coronavirus cases are at their lowest point since the start of the pandemic, schools have fully reopened and the more generous unemployment benefits from the federal government have expired — all signs pointing to what should have been a robust...