Wednesday , February 8 2023
Breaking News

Economy

IE manufacturing perks up, for now

Manufacturing in Inland Empire

Inland Empire manufacturing has bounced back, at least for the moment. The region’s purchasing managers index was 50 in January, according to data released Feb. 2 by the Institute of Applied Research and Policy Analysis at Cal State San Bernardino. That came one month after the December index registered 47, …

Read More »

State job market breaks even

California’s job market was flat in December, recording a 4.1 percent unemployment rate for the second consecutive month. Employers added 16,200 non-agricultural jobs during the last month of 2022, the 15th consecutive month jobs have been added in that category, the state Employment Development Department reported. Year-over-year, California’s job growth …

Read More »

IE industrial market show signs of a mild slowdown

Might the Inland Empire industrial market be cooling a little? That could be the case, based on one major commercial brokerage’s assessment of how the market finished 2022. Sales and leases in Riverside and San Bernardino counties fell 9.6 million square feet between last year’s third and fourth quarters, from …

Read More »

U.S., Inland economies face possible recession in 2023

One question hangs over the U.S. economy as 2023 gets underway: will there be a recession during the next 12 months, or will the economy grow and continue to add jobs? The answer to that inquiry rests almost entirely with the Federal Reserve, and to what extent it raises interest …

Read More »

IE manufacturing down for third straight month

IE manufacturing surges

Inland Empire manufacturing is officially in decline. The region’s purchasing managers index in December was 47, the third consecutive month that number has been below 50, according to the Institute of Applied Research and Policy Analysis at Cal State San Bernardino. Three consecutive months above or below 50 establishes a …

Read More »