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Economy

Port of LA loads 10 million containers in one year

The Port of Los Angeles Thursday finished processing 10 million container units in the previous 12 months, the first port in the western hemisphere to accomplish that feat. Mayor Eric Garcetti, longshore labor leaders and port officials gathered at the Fenix Marine Services Container Terminal to watch the 10 millionth …

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IE manufacturing remains strong

Inland manufacturing sector reaches growth milestone

Inland Empire manufacturing stayed solid in May, growing for the ninth consecutive month. The region’s purchasing managers index last month was 62.4, down slightly from April but still well above the 50 benchmark that determines growth or no growth, according to data released Tuesday by the Institute of Applied Research …

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IE adds 6,700 jobs

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 …

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IE manufacturing keeps humming

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 …

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IE office market improves slightly

Inland manufacturing sector reaches growth milestone

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 …

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