California exported $15.4 billion worth of goods in August, a $4.7 billion year-over-year decline, according to Beacon Economics in Los Angeles. During the same same period, the value of U.S. exports fell by 0.4 percent, to $179.7 billion, Beacon reported in its monthly analysis of state and national exports. California’s …
Read More »Record shopping predicted for Thanksgiving weekend
One hundred and eighty seven million people will shop during Thanksgiving weekend, three million more than last year’s record turnout, according to a National Retail Federation-Prosper Insights & Analytics survey. Seventy percent of those surveyed (130.4 million) said they will shop on Black Friday, the most popular shopping day of …
Read More »Christmas hiring expected to be down this year
The upcoming holiday season probably won’t set any records for temporary hiring. Challenger, Gray & Christmas has released its annual holiday hiring forecast, and it’s not optimistic. The Chicago-based executive outplacement firm predicts that U.S. retailers will add less than 500,000 jobs during the fourth quarter of 2025, when retailers …
Read More »U.S. retail sales rebound
U.S. retail sales made a comeback in October, posting monthly and year-over-year gains, according to the National Retail Federation. Total sales last month – not counting automobile and gasoline sales – were up 0.6 percent seasonally adjusted month-over-month and up five percent unadjusted year-over-year in October, the federation reported. In …
Read More »Retail Federation predicts big Xmas spending
The National Retail Federation is predicting that holiday retail spending will reach $1.01 to $1.02 trillion this year. If that forecast is correct, it will be a year-over-year increase of 3.7 percent and 4.2 percent in November and December, according to the Washington, D.C.-based trade association. Last year’s holiday sales …
Read More »Most Inland residents say they struggle to get by: survey
Most Inland Empire residents aren’t pleased with their present living circumstances and say they are struggling to get by, a pair of recent reports published by UC Riverside have found. Only 41 percent of the people surveyed described themselves as “thriving, according to Building Common Ground Through Data: Insights On …
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