Economy

California’s labor market added a modest 11,600 non-agricultural jobs in June, according to data released today. That number was in contrast to the revised 38,200 non-farm employees that were added to the labor force last month, the state Employment Development Department reported. California’s unemployment rate was 4.6 percent in June, …

Inland Empire tech firms added 8,210 jobs between 2017 and 2022, a 44 percent growth rate, according to data released this week. The two-county region also ranked among the top 10 North American markets for software engineers working in the tech industry, and it was the fourth most-diverse market for …

The Inland Empire’s industrial market recorded 2.7 percent negative absorption in the second quarter, the first negative posting in that category since the fourth quarter of 2008, according to CBRE. Activity remained strong on the east side, where 2,093,363 square feet of space went online, according to CBRE. However, on …

Inland Empire’s manufacturing in June took another step toward returning to growth mode. The region’s purchasing managers index last month was 52.1, the second consecutive month that number was 50 or above, according to the Institute of Applied Research and Policy Analysis at Cal State San Bernardino. If that number …

California added 67,000 non-agricultural jobs in April, enough to account for about one-fourth of the jobs created nationwide that month, according to data released Friday. Despite that increase, the state’s unemployment rate was up slightly month-over-month, from 4.4 percent in March to 4.5 percent, the state Employment Development Department reported. …

The Inland Empire office market enjoyed a solid first quarter, with vacancy, net absorption, and lease rates all moving in the desired direction, according to data released today. The region’s vacancy rate during the first three months of 2023 was nine percent, down from a revised 9.4 percent in the …