Economy

The U.S. economy added only 235,000 jobs in August, well below the 720,000 jobs, some economists were predicting. The unemployment rate dropped to 5.2 percent from 5.4 percent in July, the U.S. Bureau of Labor Statistics reported. August’s job total was the weakest since January. One bright spot in the …

It’s official: the Inland Empire’s manufacturing sector has been growing, uninterrupted, for one year. The region’s purchasing managers index in August was 57.7, well above the 50 benchmark that determines growth or contraction in any category, the Institute of Applied Research and Policy Analysis at Cal State San Bernardino reported today. …

That’s the view of Jay Prag, an economics professor at the Drucker School of Management at Claremont Graduate University. Prag spoke with iebusinessdaily.com last week about the state of the economy, why inflation has suddenly returned and why he believes it’s likely to be around for a while. Q: There …

Inland Empire manufacturing continued to expand in July, continuing a trend of steady growth ongoing for nearly one year. The region’s purchasing managers index was 60.7 last month, according to data released today by the Institute of Applied Research and Policy Analysis at Cal State San Bernardino. That was the …

Inland Empire manufacturing grew for the 10th consecutive month in June, continuing a trend that dates to the worst days of the pandemic. The region’s purchasing managers index last month was 67.3, up 4.9 points from May and well above the 50 benchmark that determines growth or decline, according to …

The local economy will grow six to 10 percent between now and the end of the year, according to the economic forecasting center at UC Riverside. It’s a bold prediction, and there’s reason to expect a strong turnaround locally and statewide, but some economists say there could be fallout from …