Economy

Nearly three years after COVID-19 struck the United States, much of the damage done by it to the nation’s economy is only now being felt and likely will linger for years, according to a local economist. Traditional brick-and-mortar retail, working at home instead of the office and movie theaters have …

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 …

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 …

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 …

The demand for housing in California continued to fall in November, as home sales reached their lowest rate in more than 15 years. The state’s housing market last month also experienced its largest year-over-year sales drop in at least 40 years, mostly because of rising interest rates and concerns about …

California added 26,800 non-agricultural jobs in November, according to data released Friday. The state, which added jobs at a steady rate during the past two years, has now replaced all of the jobs it lost in March and April of 2020 when the pandemic hit, the state Employment Development Department …