chief economist

  • San Diego Nov 30, 2019

    Cohn Affiliate Buys Coaster Saloon Property in Mission Beach for $2.1 Million

    An affiliate of San Diego’s Cohn Restaurant Group Inc., led by co-founder and President David Cohn, has acquired the mixed-use Mission Beach building currently housing The Coaster Saloon for $2.1 million, according to The Franco Realty Group.

  • San Diego Nov 30, 2019

    Three Local Startups Recognized as Tech Innovators

    Three San Diego startups were named winners of a tech innovation contest by global media company Red Herring.

  • San Diego Nov 30, 2019

    San Diego Adds 5,000 Construction Jobs

    The number of construction jobs in San Diego hit 80,300 in May, 7 percent more than a year ago, according to the latest analysis from the Associated General Contractors of America of federal jobs data.

  • DONALD TRUMP Nov 2, 2019

    US Economy Defies Threats With a Solid Job Gain for October

    A solid October jobs report on Friday spotlighted the surprising durability of the U.S. economy in the face of persistent trade conflicts and a global slowdown. The economy managed to add 128,000 jobs last month even though tens of thousands of workers were temporarily counted as unemployed because of the now-settled strike against General Motors. What’s more, the government revised...

  • DONALD TRUMP Nov 2, 2019

    US Economy Defies Threats With a Solid Job Gain for October

    A solid October jobs report on Friday spotlighted the surprising durability of the U.S. economy in the face of persistent trade conflicts and a global slowdown. The economy managed to add 128,000 jobs last month even though tens of thousands of workers were temporarily counted as unemployed because of the now-settled strike against General Motors. What’s more, the government revised...

  • San Diego Oct 11, 2019

    Military Brought $53B to San Diego in 2019: Economic Impact Report

    The military is responsible for bringing in billions of dollars and hundreds of thousands of jobs to San Diego County, according to a new economic study released Thursday.

  • San Diego Oct 10, 2019

    SDMAC Releasing Report on Military's Major Impact on Economy

    The San Diego Military Advisory Council will release its economic impact study tomorrow. NBC 7’s Alex Presha has a preview.

  • DONALD TRUMP Sep 19, 2019

    A Divided Fed Reduces Rates But May Not Cut Again This Year

    A sharply divided Federal Reserve cut its benchmark interest rate Wednesday for a second time this year but declined to signal that further rate cuts are likely this year. The Fed’s move reduced its key short-term rate — which influences many consumer and business loans — by an additional quarter-point to a range of 1.75% to 2%.

  • driver Sep 7, 2019

    Modest Hiring Enough to Fuel Sluggish But Durable US Economy

    Hiring by U.S. employers was slower but steady in August, and hourly pay jumped — trends that should sustain the U.S. economy’s record-long expansion in the coming months. Yet with the economy still under threat from a weak global economy and President Donald Trump’s trade war with China, Chairman Jerome Powell made clear Friday that the Federal Reserve is poised...

  • DONALD TRUMP Aug 17, 2019

    Recession Signs Worry Trump Ahead of 2020

    President Donald Trump is warning of an economic crash if he loses reelection, arguing that even voters who personally dislike him should base their ballots on the nation’s strong growth and low unemployment rate. But privately, Trump is growing increasingly worried the economy won’t look so good come Election Day. The financial markets signaled the possibility of a U.S. recession...

  • DONALD TRUMP Aug 1, 2019

    Powell Raises as Many Questions As Answers With Fed Rate Cut

    The Federal Reserve cut its key interest rate Wednesday for the first time in a decade to try to counter the impact of President Donald Trump’s trade wars, stubbornly low inflation and global weakness. It left open the possibility of future rate cuts, but perhaps not as many as Wall Street had been hoping for. During a news conference, Chairman...

  • DONALD TRUMP Jul 5, 2019

    US Adds Solid 224,000 Jobs, Making Fed Rate Cut Less Certain

    U.S. employers sharply stepped up their hiring in June, adding a robust 224,000 jobs, an indication of the economy’s durability after more than a decade of expansion. The strength of the jobs report the government issued Friday could complicate a decision for the Federal Reserve late this month on whether to cut interest rates to help support the economy. Most...

  • DONALD TRUMP Jun 28, 2019

    US Economy Grew at Solid 3.1% Rate in First Quarter

    The U.S. economy grew at a healthy 3.1% rate in the first three months of this year, but signs are mounting that growth has slowed sharply in the current quarter amid slower global growth and a confidence-shaking trade battle between the United States and China. The gain in the gross domestic product, the broadest measure of economic health, was unchanged...

  • DONALD TRUMP Jun 17, 2019

    Don't Expand China Tariffs, US Companies Tell Trump

    What happens if President Donald Trump carries out his threat to impose tariffs on the remaining $300 billion in Chinese goods that he hasn’t already hit with 25% import taxes? The administration, in the midst of the trade war it began with Beijing, had asked for comments on its plan to extend 25% tariffs to everything China ships to the...

  • DONALD TRUMP Jun 8, 2019

    Why Trump's Trade Wars Are Pressuring Both Economy and Fed

    A sharp pullback in U.S. hiring for May intensified fears that the economy has weakened and that many employers have grown nervous, in part from President Donald Trump’s escalating trade wars. Yet the stock market soared and bond yields fell because investors found a reason to cheer: The tepid employment report magnified their expectations that the Federal Reserve will cut...

  • Associated Press May 25, 2019

    Young Homebuyers Scramble as Prices Rise Faster Than Incomes

    For millennials looking to buy their first home, the hunt feels like a race against the clock. In the seven years since the housing crash ended, home values in more than three-quarters of U.S. metro areas have climbed faster than incomes, according to an Associated Press analysis of real estate industry data provided by CoreLogic.

  • New York May 16, 2019

    Falling Home Sales Not Helping Middle-Class Buyers: Analysis

    When home sales weaken, prices typically do, too, and buyers benefit. Not quite this time. Home purchases in many areas of the country have dipped, and price gains have slowed. Yet a rising number of middle-class Americans are finding that home ownership is unaffordable. Why? Mortgage rates are up after years near historic lows. Price increases have been outrunning paychecks....

  • Massachusetts May 14, 2019

    Is Sea Rise Wrecking Coastal Home Values? The Answer: Maybe

    For sale: waterfront property with sweeping views of the Atlantic Ocean. Waves erode beach regularly. Flooding gets worse every year. Saltwater damage to lawn. Asking price: anyone’s guess.

  • chief economist May 1, 2019

    Survey: US Businesses Are Hiring; 275K Jobs in April

    U.S. companies in April added the most jobs in 9 months, a sign that hiring remains strong amid solid economic growth. Payroll processor ADP said Wednesday that businesses hired 275,000 people last month, up from just 151,000 in March. That’s a much higher number than economists forecast for Friday’s government jobs report. Current projections call for the Labor Department to...

  • DONALD TRUMP Apr 23, 2019

    A Trump Fed Choice Steps Aside, and Another Faces New Doubts

    President Donald Trump’s efforts to reshape the Federal Reserve stumbled on Monday, with one of his potential nominees for the Fed’s board withdrawing from consideration and another being enveloped by fresh doubts. Herman Cain, a former CEO of Godfather’s Pizza, asked to be taken out of the running for an influential post at the U.S. central bank, Trump tweeted. Cain...

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