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Recent "economy" Stories, Video and Galleries
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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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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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A measure of Americans who applied for unemployment benefits has fallen to its lowest level in almost six years.
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U.S. employers added 162,000 jobs in July. The gain was still enough to help lower the unemployment rate to 7.4 percent.
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Rates on fixed mortgages ticked up but are still low by historical standards, a trend that has helped the housing market.
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The U.S. economy grew from April through June at a modest seasonally adjusted annual rate of 1.7 percent.
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The state budget deficit is finally zero, but the unemployment fund still has a negative balance.
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President Barack Obama pledged a stronger second-term commitment to tackling the economic woes.
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The number of Americans applying for unemployment benefits fell 24,000 last week to a seasonally adjusted 334,000.
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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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The number of people applying for U.S. unemployment benefits rose 16,000 last week to a seasonally adjusted 360,000.
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U.S. employers added 195,000 jobs in June and hiring was more robust in the two previous months than earlier estimated.
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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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The financially struggling U.S. Postal Service says it will stop delivering mail on Saturdays starting in August.
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Texas Governor Rick Perry is trying to persuade California companies to move to his state.
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