Economy

The Inland Empire recorded a 4.5 percent unemployment rate in February, adding 6,700 non-agricultural jobs during the month, according to data released today. That was below California’s unadjusted 4.8 percent jobless rate but above the national 3.9 percent, the state Employment Development Department reported. Total non-farm employment in the two-county …

The Inland Empire manufacturing sector is keeping its head above water, but just barely. The region’s purchasing managers index in February was 50.8, up from 50.4 in January, according to data released this week by the Institute of Applied Research and Policy Analysis at Cal State San Bernardino. If the …

U.S. single-family home prices grew 6.9 percent in December, the lowest rate of year-over-year growth since the summer of 2020, a report released today stated. That slowdown is being blamed primarily on high mortgage rates and general pessimism about the economy’s immediate future, according to CoreLogic in Irvine. Despite a …

Inland Empire manufacturing has bounced back, at least for the moment. The region’s purchasing managers index was 50 in January, according to data released Feb. 2 by the Institute of Applied Research and Policy Analysis at Cal State San Bernardino. That came one month after the December index registered 47, …

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 …

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 …