California is outdistancing the nation in job growth, in part because of the number of jobs being added in the Inland Empire, according to a report recently released. The two-county region, along with the San Joaquin Valley and Sacramento, are adding more jobs – and at a faster rate – …
Read More »IE unemployment rate up slightly
The Inland Empire recorded a 4.5 percent unemployment rate in January, up from a revised 4.2 percent in December, according to data released Wednesday. That was well below the 5.8 percent January jobless rate that was predicted for Riverside and San Bernardino counties one year ago, the state Employment Development …
Read More »Inland manufacturing stays hot
Manufacturing in the Inland Empire refuses to slow down. The region’s purchasing managers index in February was 59.1, two points higher than it was in January and well above the 50 benchmark that determines whether manufacturing is expanding or contracting, according to data. Perhaps most important of all, February was …
Read More »U.S. jobless claims take record drop
The number of U.S. residents filing for unemployment benefits fell last week to its lowest level in more than 48 years, according to data released Friday. Claims for state unemployment benefits dropped to 210,000, a seasonally adjusted figure, for the week ending Feb. 24, the U.S. Department of Labor reported. …
Read More »IE business activity keeps climbing
Business activity in the Inland Empire grew 3.5 percent year-over-year during the fourth quarter of 2017, according to a report. That was a little faster than the rise in the U.S. gross domestic product – 2.5 percent – the latest Inland Empire Business Activity Index reported. The index measures multiple …
Read More »U.S. economy adds more jobs than expected
The U.S. economy added 200,000 non-agricultural jobs in January, according to data released Friday. That was a higher jobs increase than expected – Bloomberg had predicted a jump of approximately 180,000 – and average hourly earnings were up nearly three percent year-over-year, the U.S. Bureau of Labor Statistics reported. Unemployment …
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