Economy

The Inland Empire’s industrial market stayed strong during the third quarter, recording a one percent vacancy rate, .2 percent lower than Los Angeles County’s, according to data released Tuesday. The market is performing so well that most tenants agree to a lease extension without negotiating, and logistics buildings in good locations …

Business activity in the Inland Empire grew eight percent in the second quarter, outperforming the 6.6 percent growth in the U.S. gross domestic product and its own seven percent increase during the first quarter. “The Inland Empire’s better performance [is because] many parts of the local economy have shed the …

Despite the pandemic, seasonal hiring prospects appear good as Black Friday approaches. Incentives, including bonuses and flexible hours, are being offered, and some businesses are making permanent hires.   U.S. retailers are expected to hire about 700,000 workers during the upcoming holiday season, according to a recent study. That would …

Inland Empire manufacturing continued to grow in September, according to data released Friday. The region’s purchasing managers index last month was 54.7, the 13th consecutive month that number has been above the 50 percent benchmark that determines growth, according to the Institute of Applied Research and Policy Analysis at Cal …

As of August, the region’s manufacturing sector has grown for 12 consecutive months, meaning it survived the pandemic. How it will perform against the Delta variant, or any other variants that might appear, remains to be seen, but indications are the sector will continue to grow for awhile.    The …

The U.S. economy added only 235,000 jobs in August, well below the 720,000 jobs, some economists were predicting. The unemployment rate dropped to 5.2 percent from 5.4 percent in July, the U.S. Bureau of Labor Statistics reported. August’s job total was the weakest since January. One bright spot in the …