Economy

A record 200.5 million people will watch the Kansas City Chiefs and the San Francisco 49’ers do battle in Sunday’s Super Bowl, according to the National Retail Federation in Washington, D.C. About 112 million people will host or attend a Super Bowl party, and another 16 million say they plan …

The Inland Empire office market recorded 9.5 percent vacancy during the fourth quarter of 2023, a year-over-year increase of little more than one percent, according to data released Monday. Despite that, “the Inland Empire office market has upheld robust market fundamentals by catering to its primarily local population,” which has …

Inland Empire manufacturing gave itself some breathing room in January. The region’s purchasing managers index was 54.8 last month, a substantial improvement from the 49.6 index recorded in December, according to data released Feb. 1. More important, January ended three consecutive months of indexes below 50, the Institute of Applied …

Valentine’s Day spending is expected to reach $25.8 billion this year, including $14.2 billion spent on “significant others,” according to the National Retail Federation. “Retailers are ready to help customers this Valentine’s Day with meaningful and memorable gifts,” said Matthew Shay, the federation’s president and chief executive officer, in the …

The Inland Empire industrial market continued to slow during the fourth quarter of 2023, with vacancy on the rise and leases and sales in decline. Vacancy rose a “whopping” 94 basis points in the last three months of 2023, to 4.8 percent, with total vacant space rising to 32.2 million …

The Inland Empire recorded a 5.1 percent unemployment rate in December, essentially unchanged month-over-month but well above the 3.7 percent predicted one year earlier, according to data released Friday. California’s unadjusted unemployment rate during the last month of 2023 was 5.1 percent, while the national rate was 3.7 percent, the …