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Economy

Unemployment continues downward trend

Unemployment continues downward trend

The Inland Empire posted a five percent unemployment rate in February, down from a revised 5.7 percent during the first month of the year, according to data released today. The two-county region added 18,000 non-agricultural jobs between January and February, helping to bring about a total of 1,628,000 jobs statewide, …

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Inland Empire labor market recovers from COVID-19

Inland Empire labor market recovers from COVID-19

The news is even better than that, because the region’s job count is slightly ahead of where it was in February 2020, right before the pandemic hit. The question now is, will that trend continue?     The Inland Empire labor market has officially recovered from COVID-19. As of this …

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National Retail Federation predicts solid sales growth

National Retail Federation predicts solid sales growth

The National Retail Federation is predicting retail sales will grow six to eight percent this year, to more than $4.8 trillion. “Consumers are ready to spend and have the resources to do so,” said Federation President and Chief Executive Officer Matthew Shay in a statement. “We should see durable growth …

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Record year for large warehouses in IE

Record year for large warehouses in IE

Large warehouses in the Inland Empire are performing quite well, according to data released this week. The two-county region’s 0.4 percent vacancy rate among warehouses 200,000 square feet or larger was second only to Los Angeles County’s 0.2 percent in North America, according to CBRE. “The past year was a …

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IE unemployment stands at 5.7 percent

IE unemployment stands at 5.7 percent

The Inland Empire recorded a 5.7 percent unemployment rate in January, according to data released Friday. That was up from a revised five percent in December and well below the nine percent jobless rate predicted exactly one year earlier, according to the state Employment Development Department. This compares to the …

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IE manufacturing, economy keep growing

Manufacturing in Inland Empire

Inland Empire manufacturing continued to grow in February, bolstered by a sharp rise in employment and in spite of inflationary pressures. The region’s purchasing managers index in the second month of the year was 54.8, up from 51 in January, according to the monthly report on manufacturing published by the …

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