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Economy

Inland unemployment drops slightly

Inland unemployment rate falls

The Inland Empire recorded an unemployment rate of 6.1 percent in August, down from a revised 6.4 percent the previous month, according to a report. Also last month, California’s unemployment rate was 5.8 percent, while the nations were 4.5 percent, the state Employment Development Department reported recently. Those numbers are …

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U.S. shoppers appear ready to spend on Halloween

Halloween spending expected to be down slightly in 2024

Despite apprehension about the economy, spending on the holiday devoted to ghosts, goblins and trick-or-treating and is expected to reach $13.1 billion this year, according to the National Retail Federation. That would top last year’s $11.6 billion, and the record $12.2 billion spent two years ago, if the federation’s annual …

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Local manufacturing has a rough month

IE manufacturing surges

Inland Empire manufacturing took a hit in August. The region’s purchasing managers index fell to 46.2, the result of steep drops in production and new orders, according to the Institute of Applied Research and Policy Analysis at Cal State San Bernardino. That decline, from 56.9 in July, is significant because anything …

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Retail spending up in August

Holiday retail outlook is good, but not great

U.S. retail spending grew in August, boosted by back-to-school spending and attempts by consumers to make their purchases before tariffs take effect, according to the National Retail Federation. Total retail sales, not counting automobiles and gasoline, were up 0.5 percent month-over-month in August and up 6.8 percent year-over-year, the Washington, …

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State exports helped by “summer surge”

State exports drop slightly

California exported nearly $16 billion worth of goods in July, a 6.4 percent year-over-year increase, according to data published recently. At the same time, U.S. exports rose by 3.7 percent, to $175.1 billion, raising California’s share of the national export trade two percentage points, to 9.1 percent, the U.S. Census …

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Inland jobless rate rises

inland Empire unemployment rises

The Inland Empire recorded an unadjusted unemployment rate of 6.4 percent in July, up from a revised six percent in June and above the 5.9 percent of exactly one year earlier, according to data released Aug. 15. This compares with an unadjusted unemployment rate of 6.1 percent for California and …

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