Economy

California’s unemployment rate fell to 7.3 percent in October – a year-over-year increase of 2.5 percent – as state employers added 96,800 non-agricultural jobs during the month, according to data released Friday. The state has now regained 64.7 percent of of the 2.7 million-plus jobs it lost in March and …

That’s the opinion of Phil Bensinger, founder of Capital Income Properties Group, a commercial real estate brokerage firm in Jurupa Valley. The lower part of the Inland Empire is running out of space, and the only other logical place for “big-box” industrial projects to be developed is in the Victor …

Inland Empire manufacturing rose sharply in October, despite a labor shortage and other issues that continue to plague the economy. The two-county region’s purchasing managers index last month was 62.3, up from 54.7 in September, according to data released Monday by the Institute of Applied Research and Policy Analysis at …

Despite a few clouds, most notably a labor shortage and dysfunctional supply chains, sales are expected to rise at least seven percent compared with last year. Online shopping and discount cards are expected to get even more popular, but consumers are being told to shop early or risk not getting …

The Inland Empire’s industrial market stayed strong during the third quarter, recording a one percent vacancy rate, .2 percent lower than Los Angeles County’s, according to data released Tuesday. The market is performing so well that most tenants agree to a lease extension without negotiating, and logistics buildings in good locations …

Business activity in the Inland Empire grew eight percent in the second quarter, outperforming the 6.6 percent growth in the U.S. gross domestic product and its own seven percent increase during the first quarter. “The Inland Empire’s better performance [is because] many parts of the local economy have shed the …