Economy

Thirty six percent of California developers are delaying, or have cancelled, commercial real estate projects due to higher construction costs and concerns about global trade, a study has found. Eighty five percent say they’re more cautious about commercial development in the state because of supply chain disruptions, and 44 percent …

The Inland Empire’s unemployment rate climbed to 5.9 percent in June, up from a revised 4.8 percent the previous month and above the 5.4 prediction of one year earlier. Also in June, California’s unemployment rate was 5.7 percent, while the nationwide jobless rate was 4.4 percent, according to the state …

The Inland Empire industrial market fell backward during the second quarter, amid fears of a trade war that has yet to happen. The two-county region’s vacancy rate was 8.1 percent at the end of June, one point higher than it was one year, according to data released July 17 by …

Families with children in elementary school or high school plan to spend an average of $858 on back-to-school items this year, down from $874 in 2024, according to the National Retail Federation. Those items include clothing, shoes, school supplies and electronics, with an expected increase in spending on apparel and electronics, the …

Fears about the economy caused retail sales to fall last month, according to the National Retail Federation. Total retail sales – not counting automobiles and gasoline – were down 0.3 percent between May and June, but were up 3.1 year-over-year in June, the Washington, D.C.-based trade association reported recently. That …

Inland Empire manufacturing slowed considerably in June, in what could be the start of a long-term slowdown. The region’s purchasing managers index last month fell to 50, down from 65 in May, by far the sharpest drop in recent months, according to the Institute of Applied Research and Policy Analysis …