Economy

The Inland Empire’s manufacturing sector has grown for 21 consecutive months, according to data released last week. The region’s purchasing managers index in May was 54.4, the Institute of Applied Research and Policy Analysis at Cal State San Bernardino reported in its monthly analysis of the local manufacturing sector. That …

That’s the viewpoint of Jay Prag, professor of economics at the Drucker School of Management at Claremont Graduate University. Prag spoke with IE Business Daily last week about why he believes the inflation isn’t going away soon, the general state of the economy and why he believes California should not …

The Inland Empire’s recorded a 3.8 percent unemployment rate in April, down from an adjusted 4.3 percent in March, according to data released today. At the same time, California posted 3.8 percent unemployment while the United States recorded a jobless rate of 3.3 percent, the California Employment Development Department reported. …

April’s purchasing managers index for Riverside and San Bernardino counties is a mixed bag. The good news: the index for the fourth month of the year was 54.2, a sharp drop from March’s 62.2. but above 50 for the 20th consecutive month, meaning the Inland Empire economy is growing and …

The sector that includes entertainment, media and video games has added 70,064 jobs dating back to 2015, including some in the Inland Empire.  Not even the pandemic slowed it down, and it will probably continue to put more high-paying jobs into the state’s economy, according to several analysts.      …

The Inland Empire’s industrial market maintained its torrid pace during the first quarter of 2022, as inventory grew a little more than 618 million square feet during that time. At the same time, industrial vacancy in Riverside and San Bernardino counties fell to 0.6 percent, a record low and the …