Welcome to Banning. California. The City of Banning is strategically located astride Interstate 10 in the San Gorgonio Pass. The City, incorporated in 1913, has a rich and colorful history. Initially, Banning served as a stagecoach and railroad stop between the Arizona territories and Los Angeles.
A period of general economic decline; typically defined as a decline in GDP for two or more consecutive quarters. A recession is typically accompanied by a drop in the stock market, an increase in unemployment, and a decline in the housing market.
Despite The U.S. economy's disappointing Q1 2015, most economists agree that the economy is finally putting in a broad-based recovery from the 2008 Great Recession. Jobs are being created by the millions, wage growth is picking up and foreign trade is only 30% of the nationâs GDP. These signs indicate a prosperous recovery and a healthy, self-sufficient economy.