Economy

The Inland Empire posted a 7.6 unemployment rate in April, essentially unchanged from March and well-below the 15.2 percent predicted one year ago, according to data released today. Non-agricultural employment in Riverside and San Bernardino Counties increased by 6,700 jobs – to 1,513,200 – between March and April, the state …

 A report released last month found that the Inland region has reclaimed many of the jobs it lost after the pandemic hit in March 2020, and that its strongest sector – warehouse/logistics – got stronger during that time. A solid recovery appears on the horizon. The Inland Empire economy has …

Inland Empire manufacturing continued to perform well in April. The region’s purchasing managers index last month was 65.7, virtually unchanged from March, according to data release Monday by the Institute of Applied Research and Policy Analysis at Cal State San Bernardino. The index has remained above the baseline 50 percent …

The Inland Empire office market perked up slightly during the first quarter, as the worst effects of the pandemic began to wane. Net absorption was minus-42,843 square feet, down from minus-61,148 in the fourth quarter of 2020, according to CBRE. That trend was fueled mostly by leases of properties between …

The proposed Warehouse Indirect Source Rule is a tax that will hurt Southern California’s warehouse-distribution operations, according to industry officials. It will do nothing of the sort, says the AQMD.   A proposed measure by Southern California’s state-sanctioned clean air agency has the region’s logistics industry crying foul. The Warehouse …

Inland Empire manufacturing performed the same in March as it did in February, and that’s good news. The region’s purchasing managers index was 64.3 last month, virtually unchanged from February’s 63.9 and well above the 50 benchmark that determines whether manufacturing is expanding or contracting, the Institute of Applied Research …