Monday , February 26 2024
Breaking News

Economy

Inland manufacturing stalls for third straight month

IE manufacturing surges

Manufacturing in the Inland Empire is contracting, although not by much, according to data released Jan. 4. The region’s purchasing managers index was 49.6 in December, the third consecutive month that number was below 50, the Institute of Applied Research and Policy Analysis at Cal State San Bernardino reported. Three …

Read More »

Bad month for IE manufacturing

IE manufacturing surges

The Inland Empire’s manufacturing sector took a major hit in November. The region’s purchasing managers index plummeted to 41.2, the second consecutive month that number has been below 50, according to the Institute of Applied Research and Policy Analysis at Cal State San Bernardino. Should December’s index be below 50, …

Read More »

IE industrial market to face strong headwinds in 2024

The days of a perpetually red-hot industrial market in the Inland Empire – record sales and leases, high vacancy rates, plenty of speculative development, and an endless absorption of open space – may be a thing of the past. At the very least, with the start of a new year …

Read More »

Strong Thanksgiving weekend shopping reported

A record 200.4 million people went shopping during the five-day Thanksgiving weekend, topping last year’s record of 196.7 million shoppers, according to data released this week. This year’s turnout exceeded expectations by more than 18 million shoppers, the National Retail Federation in Washington, D.C. reported. “The five-day period between Thanksgiving …

Read More »

State adds job in October

hiring prospects

California employers added 40,200 non-agricultural jobs in October, according to data released earlier this month. Despite that increase, the state’s jobless rate rose to 4.8 percent – up 0.1 percent from September and 0.7 percent year-over-year – the state Employment Development Department reported. Jobs in the state’s 11 major industries …

Read More »