Tag

Decrease

All articles tagged with #decrease

business2 years ago

Gas Prices Plummet in Southern California, But L.A. Drivers Still Paying a Premium

The average price of a gallon of self-serve regular gasoline in Los Angeles County has seen its largest decrease since October 2022, dropping 6.2 cents to $6.083. This marks the seventh consecutive day of decreasing prices, with a total drop of 23.2 cents over the past week. The decrease is attributed to Governor Gavin Newsom's directive to allow refineries to produce and distribute cheaper winter-blend gasoline. Despite the recent decreases, gas prices in Los Angeles County remain 65.3 cents higher than a month ago. In Orange County, the average price dropped under $6 for the first time since September 22, decreasing 6.8 cents to $5.942. The national average price of gas has also dropped, decreasing 2.2 cents to $3.746.

business2 years ago

April Jobs Report: Slow Hiring and Layoffs Expected Amid Rate Hikes and Slower Growth

Initial unemployment claims have risen by around 12% over the last year, with some states seeing much larger gains in the number of workers claiming benefits while others have seen the figure decrease. Massachusetts, Illinois, New York, Michigan, and Colorado saw the largest boosts in claims, while California, Ohio, New Jersey, Connecticut, and Rhode Island saw the largest decreases. Total claims have increased 21% compared to mid-April 2022, with the highest unemployment insurance rates seen in California, New Jersey, Rhode Island, Massachusetts, Minnesota, New York, Alaska, Illinois, Oregon, Puerto Rico, and Washington.