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Economy

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 …

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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 …

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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 …

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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 …

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Annual economic conference comes to Chino airport

Logistics Conference

Registration closes Friday for IE Business Daily’s Economic Outlook 2003 conference, which will be held Jan. 11 at Threshold Aviation at the Chino Airport. Diversified Pacific and National CORE are presenting the two-hour session, which will examine whether 2023 will be a year of recession or recovery. Other sponsors include …

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