Economy

The Inland Empire recorded a 4.8 percent unemployment rate in April, down from a revised 5.1 percent in March, according to a report. Employers in Riverside and San Bernardino counties added 2,500 non-agricultural jobs last month, with government accounting for 1,500 of those, the state Employment Development Department reported. The …

Riverside had one of the country’s largest year-over-year increases in investor home sales – 2.4 percent – during the first quarter of this year, according to a recent report. Among major metropolitan markets, that number was surpassed only by Oakland, where investors bought nearly 17 percent of all the homes …

The Inland Empire industrial market is in a slump. After years of what appeared to be effortless growth, logistics in Riverside and San Bernardino counties has been slowing for at least six months, and it could be more than merely a long post-pandemic slowdown. Vacancy is trending up, while net …

California’s export trade totaled $15.4 billion in March, a year-over-year drop of 5.3 percent, according to a report released this week. While the state’s exports of agriculture products and raw materials were up slightly, exports of manufactured goods fell 7.4 between March 2023 and March of this year, Los Angeles-based …

Inland Empire manufacturing grew for the fourth consecutive month in April, as production and new orders posted month-over-month increases. The region’s purchasing managers index last month was 54, a sign of growth not only in manufacturing but in the region’s overall economy, according to data release May 1 by the …

Nearly half of all Inland Empire households can’t afford routine household expenses, and about one-third had difficulty paying their energy bill within the past month, according to a published report. Among the 15 largest U.S. metropolitan markets, Riverside and San Bernardino counties had the highest number of residents that reported …