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Economy

Holiday job market expected to be down this year

Nationwide, temporary hires to help with the Christmas retail season will decline about three percent from last year, according to one forecast. If that prediction holds true, the last two months of  the year will be slower than normal at Inland warehouse-distribution facilities.     U.S. retailers are expected to …

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Report: IE business activity up slightly

Business activity in the Inland Empire grew by 1.6 percent in the second quarter. That stood in contrast to the 4.7 percent growth in the first quarter of this year and the 6.4 percent recorded in the fourth quarter of 2021, the UC Riverside School of Business Center for Economic …

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State adds nearly 20,000 jobs

hiring prospects

California added nearly 20,000 non-agricultural jobs in August, a modest expansion to the state’s labor market. The state, which has added jobs at a steady pace in the last 18 months, has now recovered 98.3 percent of the jobs it lost when the pandemic began in the spring of 2020 …

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Inland Empire PMI dips below 50

Inland Empire manufacturing

The streak is over. The Inland Empire’s purchasing managers index was 49 in August, down from 53 in July and below 50 for the first time in nearly two years, according to data released by the Institute of Applied Research and Policy Analysis at Cal State San Bernardino. That’s the …

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Inland manufacturing slows slightly

Inland Empire manufacturing

Inland Empire manufacturing continued to grow in July, but at slower rate than it grew during the previous month, according to data released today. The region’s purchasing managers index last month was 53, down from 56.2 in June but well above the 50 benchmark that determines growth or retraction in …

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Inland Empire manufacturing manages to weather the storm

Inland Empire manufacturing

Despite COVID-19 and the economic turmoil created, as well as rumors of a recession, manufacturing in Riverside and San Bernardino counties is approaching two years of uninterrupted growth. No one can say for sure, but several local experts believe that trend probably won’t change soon.     Maybe the Inland …

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