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 …
Read More »IE manufacturing remains strong
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 …
Read More »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 …
Read More »The Inland Empire economy has withstood COVID-19, and then some
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 …
Read More »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 …
Read More »IE office market improves slightly
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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