Economy

The Inland Empire’s manufacturing sector took another major hit in April, as the full impact of COVID-19 continued to be felt. The purchasing managers index for the fourth month of the year was 41.8, down from 43.3 in March and well below the 50 benchmark that determines if manufacturing is …

California’s unemployment rate rose to 5.3 percent in March, a 1.4 percent month-over-month increase that marked the end of 120 consecutive months of job gains dating to the end of the Great Recession. As bad as those numbers are, they may tell only half the story of how much damage …

The first numbers are in, and they aren’t pleasant to look at. March was the worst month for local manufacturers in more than four years. We now know how much damage the Coronavirus can do to a major sector of the Inland Empire economy. Unlike the most recent housing and …

But maybe not as bad as some have predicted – perhaps not even a recession – says the UC Riverside study. The Coronavirus pandemic will deliver a “serious hit” to the national and U.S economies, an its longterm impact is impossible to predict now, according to the UC Riverside School …

The U.S. economy lost 701,000 jobs in March, it’s worst month since 2009, as the full-impact of the Coronavirus pandemic began to be felt. This marked the first time since September 2010 that the country posted a job loss in one month, the U.S. Bureau of Labor Statistics reported Friday. …

The Coronavirus outbreak may have put its first dent into the Inland Empire economy. The region’s purchasing managers index, which measures the state of manufacturing in Riverside and San Bernardino counties, fell to 43.3 in March, the Institute of Applied Research and Policy Analysis at Cal State San Bernardino reported …