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Friday Business Report: Unemployment Rate Drops

U.S. Employers Report Solid Job Growth

The U.S. Department of Labor says American companies added 157,000 jobs in July. The figure is slightly below analyst expectations, but continues a trend of substantial job growth during the first half of the year.

San Diego City Council Approves Short-Term Rental Plan

The city of San Diego is moving forward with plans to create regulations for short-term home rentals. Those who use platforms like Airbnb and HomeAway will be limited to their primary residence in renting rooms to strangers. Other rules are included and the California Coastal Commission must still grant its approval.

RELATED: Regulations Ban Homeowners From Renting Out Secondary Residences As Short-Term Rentals

Apple Breaks New Ground On Wall Street

The company that invented the iPhone reached a $1 trillion valuation this week. It’s the first time a publicly traded company has reached the trillion-dollar milestone. Apple has recently shared some of the success with investors through a series of stock buybacks.

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