Economy

The Inland Empire industrial market is in a slump. After years of what appeared to be effortless growth, logistics in Riverside and San Bernardino counties has been slowing for at least six months, and it could be more than merely a long post-pandemic slowdown. Vacancy is trending up, while net …

California’s export trade totaled $15.4 billion in March, a year-over-year drop of 5.3 percent, according to a report released this week. While the state’s exports of agriculture products and raw materials were up slightly, exports of manufactured goods fell 7.4 between March 2023 and March of this year, Los Angeles-based …

Inland Empire manufacturing grew for the fourth consecutive month in April, as production and new orders posted month-over-month increases. The region’s purchasing managers index last month was 54, a sign of growth not only in manufacturing but in the region’s overall economy, according to data release May 1 by the …

Nearly half of all Inland Empire households can’t afford routine household expenses, and about one-third had difficulty paying their energy bill within the past month, according to a published report. Among the 15 largest U.S. metropolitan markets, Riverside and San Bernardino counties had the highest number of residents that reported …

California added 28,300 non-agricultural jobs in March, and recorded a 5.3 percent unemployment rate for the second consecutive month, according to a recent report. The state has added jobs for 47 consecutive months while adding 3,062,700 jobs since April 2020, the state Employment Development reported. That’s an average of 62,500 …

The Inland Empire industrial market recorded a 5.9 percent vacancy rate in the first quarter, as net absorption fell for the second time in a year. Five lease transactions of at least one million square feet were signed during the first three months of 2024, only two less than were …