Bakersfield Business News

Kern's Jobless Rate Soars to 15.9%

Friday, 17 April 2009

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Kern County's unemployment rate soared to 15.9% in March according to the latest numbers from the Employment Development Department, with Kern losing 4,200 jobs for the month, 1,200 year over year.

KEDC Site Tour

Friday, 27 March 2009

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KEDC Gives Site Tour Update

To showcase some of the facilities that now exist in the Southern Central Valley of California, the Kern Economic Development Corporation, along with other Central Valley EDC’s put together this week a site-tour for key players who may bring more business to the area.

Getting Your Business Finances in Order

Monday, 22 September 2008
Tips to Help in the Growing Credit Crunch Environment
Read more...

Headlines

Gasoline Prices Stabilize for Now

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Gottschalks to Liquidate

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Stockdale Music to Liquidate

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Local Virtual Enterprise Kids Place First in Nation

What Retirement? Seniors Go Back to Work

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Study: California Needs Educated Workers

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Stocks Update

Jobs @ a Glance

Unemployment Numbers

Mar 09 Feb 09 Mar 08

Kern 15.9% 14.7% 10.7%

CA 11.2% 10.6% 6.5%

U.S. 9.0% 8.9% 5.6%

4,200 Jobs Lost in Kern for the month

1,200 Jobs Lost in Kern for the year

62,100 Jobs Lost in CA

On The Move

Several Businesses are on the move, holding Chamber of Commerce Ribbon Cuttings.

Last week:

G.J.Gardner Homes

Fresh & Easy Markets

Top Business News

Yahoo! News: Business

Business

GM Europe head says to sell Opel to Magna soon: report (Reuters)
Reuters - General Motors Europe President Carl-Peter Forster expects to sell German unit Opel to Canadian auto parts supplier Magna soon, he told a German newspaper.
More bidders interested in Porsche stake: report (Reuters)

Reuters - Three more bidders are interested in taking a stake in German sports car maker Porsche, rivaling investment plans by Qatar, German magazine Focus reported on Saturday.
Medici lawyer says Kohn didn't get Madoff payments (Reuters)
Reuters - Austrian fund manager Sonja Kohn did not receive any kickbacks from Bernard Madoff to steer Bank Medici customer funds to the swindler's investment business, a Medici lawyer said on Friday.
Teck to sell 17 percent stake to China for C$1.74 billion (Reuters)

Reuters - Teck Resources (TCKb.TO) said on Friday it will sell a 17.2 percent equity stake to state-owned China Investment Corp in a deal that will help the Canadian miner pay down its debt while expanding China's portfolio of commodity investments.
Earnings to set tone for stocks in week ahead (Reuters)

Reuters - With Wall Street stuck in a range since May, the start of second-quarter earnings season next week could prove to be a decisive factor for determining how much faith investors should have in an economic recovery.

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