The Breakdown

Explaining Southern California's economy

In SoCal business news: State's unemployment rate drops to 7.8 percent and cargo at the ports increased in April

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Happy Friday! Welcome to KPCC's business blog, The Breakdown. Every weekday, our staff compiles a list of interesting business news in the region.

  • The state's unemployment rate fell to 7.8 percent in April, the lowest in about six years (Los Angeles Times). 
  • April was also a busy month at the Ports of Los Angeles and Long Beach, with cargo up roughly 10 percent (Press-Telegram). 
  • Pratt & Whitney AeroPower says it will close its San Diego plant (U-T San Diego). Reporter Jonathan Horn says 530 employees will be affected.
  • Grocery chain Stater Brothers says it is open to possible expansion (The Press Enterprise). 
  • Long Beach Airport Association elects new board of 14 members from the aviation business community (Press-Telegram). Reporter Karen Robes Meeks says the board aims "to foster diversity in business and bring awareness of the aviation sector’s contribution to the regional economy." 
  • Oakley hired ad agency Eleven to help it come up with a catchy slogan (Ad Age). Any suggestions?

Today is my last day at KPCC. Next month, I will become a tech reporter at the San Francisco Chronicle. If you have SoCal business news, please contact my colleagues Brian Watt (@radiobwatt) and Ben Bergman (@thebenbergman) and if you have Bay Area tech news, tweet me @thewendylee!

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