Wednesday , February 8 2023
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Economy

State’s economy stalls

California’s economy slowed a little in May, as employers added only 5,500 jobs, according to data. Still, unemployment held at 4.2 percent, a record low, the state’s Employment Development Department reported. That marked a considerable downturn, when 25,600 jobs were added statewide. That number was revised down from the original …

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National unemployment hits 18-year low

The U.S. unemployment rate fell to 3.8 percent in May, the lowest rate recorded in 18 years. Employers nationwide added 223,000 jobs, while average hourly pay rose 2.7 percent, slightly less than it grew in April, the U.S. Department of Labor reported. Overall, there were 6.1 million people out of …

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Inland manufacturing keeps growing

Inland Empire Makes News in Manufacturing.001

Manufacturing in the Inland Empire kept growing in May, according to data released Friday. The region’s purchasing managers index last month was 60.3, down from the 62.4 recorded in April but still well above the 50 benchmark that determines growth or decline, according to the Institute of Applied Research and …

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State unemployment falls to 4.2 percent

U.S. add jobs, unemployment rate stays flat

California’s unemployment rate fell to 4.2 percent in April, down five percent year-over-year, as state employers added 39,300 non-agricultural jobs during that time, according to data. That was the lowest jobless rate recorded in the state since early 1976, the state Employment Development Department reported. California has now added more …

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IE economy keeps growing

Black-Owned Business Keep Growing

Business activity in the Inland Empire grew 2.2 percent annualized rate during the first quarter of this year, according to a report released Friday. That virtually matched the growth of the gross domestic product during the same period – 2.3 percent – the UC Riverside School of Business Center for …

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U.S. economy nears full employment

US jobs picture is good news/bad news

The national unemployment rate hit 3.9 percent in April as employers added 164,000 jobs, according to data released Friday. That was the lowest monthly employment rate since 2000, and it ended a string of 4.1 percent unemployment that dated back to October, according to the U.S. Bureau of Labor Statistics’ …

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