Economy

More than 148 million people plan to shop the Saturday before Christmas, either in-store or online, according to the National Retail Federation. That would be a drop of about two million shoppers from last year’s “Super Saturday,” the Washington, D.C.-based trade association reported as the holiday shopping season approached its …

Yes, the local industrial sector remains a juggernaut, but there could be some issues, starting with the supply-chain disruption, that could slow things down.   As 2022 approaches, is the Inland Empire industrial market about to experience a slowdown? The answer to that question might be yes, at least on one …

Despite having recovered 70 percent of the jobs it lost due to COVID-19, Southern California’s economy will experience an uneven recovery in 2022, according to a forecast. Labor shortages, the ongoing supply chain disruption, equity gaps and inflation will continue to plague the region’s economy during the next 12 months, …

Nearly 180 million people shopped during the five-day Thanksgiving weekend, according to data released last week. Starting Thanksgiving Day and ending Cyber Monday, 179.8 million U.S. shoppers made in-store and online purchases, according to the National Retail Federation in Washington, D.C. That exceeded the trade association’s prediction for the start …

California’s unemployment rate fell to 7.3 percent in October – a year-over-year increase of 2.5 percent – as state employers added 96,800 non-agricultural jobs during the month, according to data released Friday. The state has now regained 64.7 percent of of the 2.7 million-plus jobs it lost in March and …

That’s the opinion of Phil Bensinger, founder of Capital Income Properties Group, a commercial real estate brokerage firm in Jurupa Valley. The lower part of the Inland Empire is running out of space, and the only other logical place for “big-box” industrial projects to be developed is in the Victor …