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Recent "economy" Stories, Video and Galleries
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The Fitch credit rating agency has warned that it is reviewing the U.S. government's AAA credit rating for a possible downgrade.
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President Barack Obama will nominate Federal Reserve vice chair Janet Yellen to succeed Ben Bernanke as chairman.
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State officials say rampant truancy could cost California billions of dollars in increased crime and poverty.
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See the latest job postings for ABC7 in Los Angeles. Positions typically available include freelance work, full-time work and Internships.
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New census figures show San Bernardino County has some of the worst poverty rates in the nation.
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California's jobless rate rose for the second month in a row in August, even as the state added more than 29,000 jobs.
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For young people looking for work, jobs are few and far between. And the situation does not appear to be getting any better.
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For young people looking for work, jobs are few and far between. And the situation does not appear to be getting any better.
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A mysterious glitch halted trading on the Nasdaq for three hours in the latest major electronic breakdown on Wall Street.
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The California unemployment rate rose to 8.7 percent in July, the first increase since the spring of 2011.
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The housing market in the Inland Empire, especially in Riverside County, is on a major upswing.
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See the latest job postings for ABC7 in Los Angeles. Positions typically available include freelance work, full-time work and Internships.
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The state budget deficit is finally zero, but the unemployment fund still has a negative balance.
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New numbers show California's jobless rate improved, but new numbers mean a change in the unemployment-benefits formula.
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It's a 'seller's market' in California. Home prices throughout the state are bouncing back at a record pace.
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Detroit has become the largest U.S. city to file for bankruptcy, as the emergency manager filed for Chapter 9 protection.
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Ten weeks of extended unemployment benefits will likely be chopped off next month, from maximum 73 weeks to 63.
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Mortgage rates have suddenly jumped from near-record lows and are adding thousands of dollars to the cost of buying a home.
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California's unemployment rate for May was 8.6 percent, the lowest level since November 2008, state officials said.
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California's unemployment rate for May was 8.6 percent, the lowest level since November 2008, state officials said.
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The U.S. stock market is opening higher as traders regroup following the biggest drop of the year.
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The California Legislature passed a $96.3 billion state spending budget Friday.
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Layoffs and staff cutbacks affecting more than 500 Los Angeles Superior Court employees kicked in Friday.
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Average U.S. rates on fixed mortgages jumped to their highest levels in a year, signaling slightly higher costs.
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The Democrat-controlled state Assembly passed a bill to raise the minimum wage in California from $8 to $8.25 per hour.
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Consumer Specialist Ric Romero shows you why short sales are usually the best choice for struggling homeowners.
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The state unemployment rate has sharply dropped to 9 percent, the state's lowest since November 2008.
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The state unemployment rate has sharply dropped to 9 percent, the state's lowest since November 2008.
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Despite billions in unexpected cash in California's coffers, Gov. Brown revealed a spending plan lower than projected.
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Good news for people who are missing their Hostess treats. The treats could be back on store shelves as soon as July.
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Tax Day has arrived and that means procrastinators are scrambling to file their taxes by the deadline.
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Tax Day has arrived and that means procrastinators are scrambling to file their taxes by the deadline.
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The U.S. Postal Service for now is backing down on cutting Saturday mail delivery because Congress won't allow the change.
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President Obama is voluntarily giving back five percent of his salary because of cuts that are hitting federal workers.
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Pacific Health will be closing more hospitals this week, in part because of legal costs associated with a fraud case.
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The state unemployment rate fell to 9.6 percent in February, the state's lowest since December 2008.
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Doctors and nurses at Anaheim General are looking for new jobs. The hospital is closing after years of financial troubles.
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Doctors at Anaheim General are looking for new jobs. The hospital is closing after years of financial troubles.
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Building sites are busy and lumberyards, contractors and construction companies are hiring again.
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The Dow closed at a record, beating the previous high it set in October 2007, before the financial crisis and the Great Recession.
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The Dow closed at a record, beating the previous high it set in October 2007, before the financial crisis and the Great Recession.
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The automatic budget cuts in Washington, known as sequestration, could put a damper on the state's economy.
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The automatic budget cuts in Washington, known as sequestration, could put a damper on the state's economy.
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If the automatic federal spending cuts go through, sequestration will be felt the hardest in California's public schools.
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If the automatic federal spending cuts go through, sequestration will be felt the hardest in California's public schools.
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In addition to financial issues, the city of San Bernardino says it has a panhandling problem. Officials are looking for solutions.
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In addition to financial issues, San Bernardino says it has a panhandling problem. Officials are looking for solutions.
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A report looks at how California spends taxpayer money. There's a debate over whether the state's priorities are misplaced.
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A report looks at how California spends taxpayer money. There's a debate over whether the state's priorities are misplaced.
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The U.S. Postal Service says it will stop delivering mail on Saturdays but continue to disperse packages six days a week.
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