Friday , March 29 2024

Economy

State unemployment continues to drop

Inland Empire Business News December 17th.002

California’s unemployment rate dropped to 6.3 percent in June, as the state added 22,900 non-farm jobs during the month. That was essentially unchanged from May but down 1.2 percent compared with June 2014, according to a report released Friday by the California Employment Development Department The state has added more …

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Consumer spending slows

Inland Empire Business News May 21st.001

Despite recent job growth, U.S. consumers are behaving cautiously. Spending was down 0.3 percent in June, the weakest showing since February when cold weather throughout much of the country put a damper on spending, the Commerce Department said Tuesday. The June drop followed a one percent increase in May, although …

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Traditional stores still lead back-to-school shopping

Inland Empire Business News May 21st.001

The Internet is apparently putting a slight dent in back-to-school shopping. About 85 percent of all back-to-school purchase are expected to happen at brick-and-mortar stores, according to a recent survey of 1,000 consumers by the International Council of Shopping Centers. Seventeen percent of those surveyed said they plan to buy …

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Job openings at record levels

Inland Empire Business News December 17th.002

If you believe you’re seeing more businesses advertising available jobs, it’s probably not your imagination. Nationwide, there were 5.3 million job openings during May, the most openings in 15 years, according to data released Tuesday by the U.S. Bureau of Labor Statistics. That was a slight increase compared with April, …

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Economy posts healthy job growth

Inland Empire Business News December 17th.002

The U.S. economy added 223,000 jobs last month, as employers continued to hire at a steady pace. That was enough to drop the national unemployment rate to 5.3 percent, down from 5.5 percent in May and the lowest it’s been since April 2008, the U.S, Labor Department reported Thursday. Although …

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Local manufacturing stays up

Inland Empire Business News for November.002

The Inland Empire’s manufacturing sector remained strong during June. The two-county region’s purchasing managers index last month was 52.4, virtually unchanged from last month and the ninth consecutive month the index was above 50, according to data released this week by the Institute of Applied Research and Policy Analysis at …

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