“It’s kind of puzzling. We talk in the office, and we’re just wondering: Where are these people getting all this cash from? But I think what a lot of people are doing is that they’re finally realizing that your best investment for money is a home.”
Last year, the California economy grew at rate of three-point-five percent. That is a full percentage point above the national average. But the growth rate differs from place to place.
Robert Kleinhenz is an economist with the Los Angeles County Economic Development Corporation. He says California’s ports are busier than other ports.
“We’re still well below the pre-recession peak levels of port activity that we had seen in 2007. We’ve seen some slight gains with each passing year. But there still is a ways to go.”
In downtown Los Angeles, the Chinese immigrant owner of a small business says he is doing well. His store sells t-shirts and slippers -- footwear normally worn around the house. Nearby, Henry Wong sells low-cost decorations and cloth imported from China. Mr. Wong says the cost to operate his business is low. When the economy is not good, he says, he and his employees work harder. Currently, Mr. Wong is doing well. He has six workers in his store, and more working in a building where the goods are stored.
High-technology companies are helping the American economy. But even in Silicon Valley, California’s high-technology center, the situation is mixed. Cisco Systems has reported good sales, but is cutting 4,000 jobs. The company says it is reacting to a changing market. Banking and professional services are doing well. The recreation and hospitality industry is expanding, adding jobs to hotels and visitor services.
最新
2013-11-25
2013-11-25
2013-11-25
2013-11-25
2013-11-25
2013-11-25