Bad news and the good news...
There was a lot of bad news this week -- and I reported a lot of it, unfortunately.
Unemployment in the region is at its highest point since 1993, and statewide it hasn't been this high (10.1 percent) since 1983.
Still, there were glimmers of hope.
A national group of 47 economists said the economy could begin a turnaround by midyear.
Couple with local reports that the economy will hit bottom by summer, there's reason for hope.
That's no help for businesses who are getting hit hard on the brink of shutting their doors.
But I just finished a story on fear and the economy, which you can read in a special section on the economic stimulus to come out tomorrow.
And if there's one thing I learned in reporting that story, it's that hope, fear and confidence have as much do with the economy with the movers and shakers that run it.
About this blog
Economic Alert is a daily blog on business and the economy in the San Gabriel Valley and beyond, featuring updates and observations from the staff of the San Gabriel Valley Newspaper Group. SGVN includes the San Gabriel Valley Tribune, Pasadena Star-News and Whittier Daily News.
Your hosts:
Kevin Smith is business editor for the San Gabriel Valley Newspaper Group. Over the past 15 years, Smith has covered development, housing, employment, technology and financial trends for a variety of newspapers.
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Ryan Carter covers business and the economy for the San Gabriel Valley Newspaper Group.
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Your hosts:
Kevin Smith is business editor for the San Gabriel Valley Newspaper Group. Over the past 15 years, Smith has covered development, housing, employment, technology and financial trends for a variety of newspapers.
Ryan Carter covers business and the economy for the San Gabriel Valley Newspaper Group.
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