Economy

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 …

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 …

The region has recovered 83 percent of jobs it lost as a result of COVID-19, well ahead of California, and it should have all of them back by the end of the year, according to a recent forecast.   Two years after it began, the Inland Empire economy appears to …

Single-family homes became slightly more affordable in California during the fourth quarter of 2021, thanks to a mild leveling of prices and a growth in personal income. Twenty-five percent of the state’s households could afford the $797,470 median-priced home during the last three months of last year, according to data …

That’s good news for the base, which probably won’t be shut down because of that decision. It’s also good news for the Inland economy.     The U.S. Air Force might have done the Inland Empire a big favor last month, one that could help the region economically for years. …

Inland Empire manufacturing continued to grow during January, although at a slower rate than it has grown recently. The region’s purchasing manager index for the first month of 2022 was 51.0, down from 55.5 and barely above the 50 benchmark that determines growth or retraction, according to data released Tuesday …