Economy

The Inland Empire is among the least affordable markets in the United States for single-family rentals, according to data released this week. The median monthly rent in the Riverside-San Bernardino-Ontario market was $3,250, the sixth-most expensive market in the country, Irvine-based CoreLogic reported. California markets made up the top five: …

Only 15 percent of all households in California could afford a median-priced home – $843,600 – during the third quarter of this year, according to data released Friday. That represented a 16 percent drop from the second quarter and an 18 percent decline year-over-year, the California Association of Realtors reported. …

Inland Empire business owners have many concerns about their companies’ immediate future, but one potential problem stands out above all others. Inflation. The Inland Empire Center for Entrepreneurship at Cal State San Bernardino interviewed 673 business owners earlier this year and asked them what their “greatest concern” was regarding their businesses …

Inland Empire manufacturing experienced a mild setback in October. The region’s purchasing managers index last month 49.6 last month, down from 51.3 in September, according to the Institute of Applied Research and Policy Analysis at Cal State San Bernardino. Though only a slight drop, the decline interrupted five consecutive months …

California recorded a 4.7 percent unemployment rate in September, essentially unchanged from the previous month and up only 0.7 percent year-over-year, according to data released Friday. Eight thousand seven hundred non-agricultural jobs were added to the state’s economy last month, bringing the total to 436,400 the number of jobs added …

If you’re a retail business owner who relies on Christmas sales to turn a profit, you’re probably feeling optimistic right now. Four major forecasts regarding the 2023 holiday shopping season have been released, and three of them predict an increase in sales compared with last year, despite a few clouds …