Economy

U.S. consumer spending is expected to reach an average of $902 per person during the holiday shopping season, according to the National Retail Federation. That is about $25 more per person than in 2023, and $16 higher than the previous record set in 2019, the Washington D.C.-based trade association reported …

The Inland Empire recorded an unadjusted 5.4 percent unemployment rate in September, according to data released last week. That was down from a revised six percent in August, and above the 5.1 percent forecast of one year ago, the state Employment Development Department reported Oct. 18. Those number do not …

U.S. retailers should be looking forward to the 2024 holiday shopping season, because it’s expected to be a solid one. It will not, however, be anything spectacular, if several forecasts ends up being correct. Spending on clothing, toys, gift cards, food and other items is expected to grow between 2.5 …

California exported $16.1 billion worth of goods in August, a year-over-year increase of 9.9 percent, according to data released Oct. 8. At the same time, U.S. exports totaled $180.442 billion, a 5.2 percent increase compared with August 2023, Beacon Economics in Los Angeles reported. That was enough to give California …

The Inland Empire industrial market struggled during the third quarter, recording negative absorption and a drop in construction. Vacancy was 6.8 percent, unchanged from the second quarter, the first time in two years that number did not go up, according to CBRE. Eleven point six million square feet of industrial …

The Inland Empire manufacturing sector is growing again. The two-county region’s purchasing managers index was 56.2 in September, up from the 51.3 index recorded in August, according to a report released Oct. 4 by the Institute of Applied Research and Policy Analysis at Cal State San Bernardino. More important than …