Business & Economy

Jobs
2:45 pm
Tue August 21, 2012

Report: State Unemployment Will Fall Below 10 Percent In Mid 2013

An economic forecast out today says California’s unemployment rate will drop to single digits this time next year – sooner than originally predicted. Right now, California’s jobless rate is 10.7%. It peaked at 12.5% in 2010. The rate’s been inching down ever since.

Economist Jeff Michael is with the Business Forecasting Center at University of the Pacific in Stockton. “We see [the] unemployment rate going into single digits in mid-2013 and in the past we’ve been saying the end of 2013.”

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Business & Economy
9:43 am
Wed August 15, 2012

California Lumber Sales Creep Up In Recent Years

file photo
Licensed using Creative Commons from Flickr user CHRISTOPHER MACSURAK http://www.flickr.com/photos/macsurak/6195650749/

Lumber sales are up slightly in California, after hitting a record low in 2009. The 2008 collapse of the housing market devastated California's already faltering lumber industry. The housing market has been slow to recover, but new home construction has risen in the last year.

David Bischel of the California Forestry Association says that's translated into a slight uptick in lumber production. "There's been an increase in sales because there's been a small increase in housing production, our markets are very closely tied to housing markets."

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Business & Economy
4:45 pm
Tue August 7, 2012

Kern County Leads Nation in Employment Gains

Joe Moore Valley Public Radio

Employment in California’s largest counties rose between December of 2010 and December of 2011, but paychecks got smaller in most large counties. 24 of the 26 large counties in California saw employment increase. The US Bureau of Labor Statistics defines large counties as those with employment of 75,000 or more.

Kern County posted a 5.3 percent increase, followed by San Francisco County at 3.3 percent. Kern County’s increase was not only the largest increase in the state but in the country as well. Los Angeles County has the highest number of employed at more than 3.9 million.

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Business & Economy
4:39 pm
Tue August 7, 2012

Suit Filed Against Valley Farm Labor Contractor

California Labor Commissioner Julie Su has filed a lawsuit against a Valley farm labor contractor for unpaid wages. The case filed in Fresno Superior Court on Monday alleges Javier Diaz of Diaz Contracting committed multiple violations, including failure to provide minimum wage and overtime to employees. The lawsuit seeks over $600,000 in unpaid wages, penalties and damages affecting 129 workers.

Agriculture
3:31 pm
Sun August 5, 2012

California Leads Nation in Farmer's Markets

Fruit from Valley farms makes for a colorful scene at a farmer's market in downtown Fresno.
Joe Moore Valley Public Radio

The number of farmer’s markets in California has risen substantially. According to a U.S. Department of Agriculture survey, there are about 830 markets in the state. That’s up almost a hundred from last year.

Kathleen Merrigan with the USDA says the economy and the demand for fresh, healthy food have caused a 10 percent increase in markets nationwide.

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Business & Economy
9:54 am
Fri August 3, 2012

California's "Buy Here Pay Here" Used Car Industry Could Face New Regulations

The controversial “Buy Here, Pay Here” used car industry would face strict new regulations under several bills moving through the California legislature.

Search “Buy Here, Pay Here” on Google and the first website that pops up is “We-Approve-Bad-Credit-dot-com.” Dealers require buyers to make each month’s loan payment in person. If they can’t, their cars are often repossessed on the spot. Democratic State Senator Ted Lieu says his bill would apply similar regulations for typical auto lenders to the Buy Here, Pay Here industry.

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Business & Economy
12:31 pm
Wed August 1, 2012

Valley Business Conditions Slump For Second Straight Month

Numbers released today from Fresno State's Craig School of Business show the San Joaquin Valley's economy is slowing. The San Joaquin Valley Business Conditions Index dropped for the second straight month in July, to 51.6, down from 55.4 in June.

The numbers remain above growth neutral, meaning the economy is still expected to grow in the next three to six months, businesses aren't as optimistic about the future as they were in June. The lower July numbers reflect a drop in new export orders and business confidence.

Valley Public Radio News
6:53 pm
Fri July 13, 2012

Labor shortage a concern to valley farmers

A vineyard of Thompson seedless grapes west of Fresno
Joe Moore Valley Public Radio

The Central Valley is the agricultural center of California, producing a wide range of fruits, vegetables, and other commodities - all worked by the hands of thousands of farm workers. However, these crops may be threatened this season with a reported decrease in the number of workers. 

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Business & Economy
6:51 pm
Tue June 12, 2012

Summer Jobs Hard to Find for Valley Youth

It used to be a rite of passage for teens, getting a summer job at a fast food restaurant or the mall. But with an economy that continues to struggle, the state's teen unemployment rate is around 36 percent. But there are several new programs that aim to help teens get a taste of life in the workforce, and local companies that are working with non-profits and the government on this issue. Juanita Stevenson reports on how a summer job changed one teen's life.

Business & Economy
5:50 pm
Fri June 1, 2012

Assembly Passes Farm Worker Safety Act

The ag industry may soon see some changes, now that the Farmworker Safety Act was approved by the state Assembly yesterday afternoon. 

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Agriculture
6:39 pm
Mon May 21, 2012

Obama Praises UFW on 50th Anniversary

The United Farm Workers of America celebrated its 50th anniversary in Bakersfield this weekend. The two-day convention attracted hundreds of workers from the around the valley, and even the U.S. Secretary of Labor, Hilda Solis. Solis made the trip from Washington D.C. to speak with the supporters and honor one of the co-founders of the union, Dolores Huerta, with a special coin commemorating her activism for the community.

The conference ended with a video speech from President Obama, who praised the union for their hard work for fair pay for farm workers.

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Business & Economy
3:15 pm
Fri May 18, 2012

Fresno Hearing Seeks Solutions to Ag Metal Theft

Agricultural metal theft continues to be a problem in the valley, and Sacramento lawmakers are paying attention. The Senate Agriculture Committee held a hearing today in Downtown Fresno searching for solutions.

Four years ago, the state legislature passed a bill by then Assembly member Tom Berryhill that aimed to crack down on the theft of metal from farmers. The bill required recyclers to keep detailed records on materials and sellers.

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The Two-Way
5:50 pm
Wed March 28, 2012

Calif. Exec Pleads Guilty In Huge Tomato Price-Fixing Scheme

Originally published on Fri March 23, 2012 2:21 pm

Frederick Scott Salyer, 56, has pleaded guilty in a massive tomato price fixing scheme that investigators say affected almost every American home.

Salyer, the former chief executive officer of SK Foods LP, said he bribed purchasers and fixed prices for the sale of his tomato products to McCain Foods USA Inc., ConAgra Foods Inc. and Kraft Foods Inc.

The AP reports:

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Business & Economy
8:52 am
Thu March 8, 2012

Food expo showcases local goods to buyers

Hundreds of people sampled local eats today at the second annual Fresno Food Expo including everything from flavored olive oil, chillipepper infused beer and a peach flavored sparkling wine served at the Oscars.

Nearly 400 buyers and distributors attended the event at the Fresno Convention Center and around 80 exhibitors showed off local products.

Craig Scharton, the City of Fresno's director of Downtown Community Revitalization, said that the show is a positive force for the economy.

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Agriculture
4:05 pm
Wed February 15, 2012

World Ag Expo Showcases Latest Technology

A John Deere tractor sits on the grounds of the World Ag Expo in Tulare
Ezra Romero Valley Public Radio

Thousands braced the rain at the 2012 World Ag Expo in Tulare today. Expo officials expect the event to attract nearly 100,000 people by the close of the event on Thursday. The grounds contain over 1,400 exhibitors including experts in citrus, dairy, livestock and more.

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Business & Economy
6:08 pm
Tue July 19, 2011

Lawsuits Pit Businesses Against Disabled Customers

In 1990, the Americans With Disabilities Act was signed into law, prohibiting discrimination against the disabled. It requires the removal of physical barriers in public spaces so the disabled can have full and equal enjoyment of community facilities.

But in recent years, Clovis businesses have faced a surge of lawsuits for buildings that aren't up to ADA construction requirements. This has led to a heated debate within the community over the rights of the disabled and the survival of small businesses in the recession.

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Business & Economy
6:30 pm
Tue July 12, 2011

Valley Professionals Struggle to Find Work

Among the groups hit the hardest in the economic downturn are business professionals. From April 2010 to April 2011 the business and professional sectors in Fresno County lost 1,800 jobs. Host Juanita Stevenson reports on how some Valley professionals are looking to re-enter the workforce and having success finding work. 

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