• County’s Jobless Rate Drops in August

    (CNS) – Gains outweighed losses throughout the regional economy last month, pushing the unemployment rate in Riverside County down, according to figures released Friday by the California Employment Development Department. The jobless rate in August, based on preliminary EDD estimates, was 7.6%, compared to 7.9% in July. The August rate was 4 percentage points lower […]

  • Social Security won’t be able to pay full benefits by 2034

    (CNN) — Social Security will have to cut benefits by 2034 if Congress does nothing to address the program’s long-term funding shortfall, according to an annual report released Tuesday by the Social Security and Medicare trustees. That’s one year earlier than reported last year. By that time, the combined trust funds for Social Security will be depleted […]

  • Riverside County Gas Prices Creep Up Again

    The average price of a gallon of self-serve regular gasoline in Riverside County rose two-tenths of a cent to $4.313 Sunday, the fifth time in the last six days it has changed by two-tenths of a cent or less. The average price is 1.4 cents higher than one week ago, 4.9 cents more than one […]

  • Fed expects rate hikes can hold off until at least next year

    The Federal Reserve left interest rates near zero Wednesday and said it would continue to use all the tools in its arsenal to support the still bouncing-back US economy. But it struck a somewhat more hawkish tone in its monetary policy update, saying it is prepared to “adjust the stance of monetary policy as appropriate if risks […]

  • IRS plans to delay this year’s tax filing deadline to mid-May

    The Internal Revenue Service plans to delay this year’s tax filing deadline by roughly a month, to mid-May. Democratic Reps. Bill Pascrell of New Jersey and Richard Neal of Massachusetts, the chairman of the House Ways and Means Committee, said that the new deadline would be May 17. The IRS late Wednesday put out a statement confirming […]

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