Economy

UC Berkeley report says Sacramento’s efforts to slow down climate change have created thousands of jobs and pumped millions of dollars into the state’s economy. Critics are skeptical, particularly regarding the full impact of cap-and-trade. Conventional wisdom, at least among some economists, holds that climate-change regulations like the ones California …

Business activity in the Inland Empire grew 2.3 percent between the second quarter of this year and the second quarter of 2016, according to data released Thursday. That was slightly better year-over-year growth than the country experienced during that time. The U.S. gross domestic product grew 2.1 percent in that …

The Inland Empire is on pace to add 44,907 jobs during 2017, an increase of 3.2 percent year-over-year if that prediction holds true, according to a report Two thousand seventeen should be the fifth consecutive year that the Inland region adds approximately 45,000 jobs, regional economist John Husing stated in …

The Inland Empire recorded a 6.1 percent unemployment rate in July, up from 5.5 percent in June, according to data released Friday. That was below the 6.7 percent that was predicted for the two-county region for one year, the state Employment Development Department reported in its monthly analysis of the …

The average monthly multifamily rent in the United States last month was $1,350, a month-over-month increase of only $1, a report released Thursday stated. Year-over-year, multifamily rents were up 2.6 percent in July, according to Yardi Matrix, a global commercial real estate research and data firm. Multifamily rents have gone …

The U.S. economy added 209,000 non-agricultural jobs in July, the U.S. Department of Labor reported Friday. Unemployment remained essentially unchanged last month at 4.3 percent, although that did match the 16-year low the nation’s jobless rate reached in May, according to the department’s monthly jobs report. Average hourly earnings in …