Wednesday , April 17 2024

Economy

State adds job in October

hiring prospects

California employers added 40,200 non-agricultural jobs in October, according to data released earlier this month. Despite that increase, the state’s jobless rate rose to 4.8 percent – up 0.1 percent from September and 0.7 percent year-over-year – the state Employment Development Department reported. Jobs in the state’s 11 major industries …

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Thanksgiving weekend shopping looks to be strong

An estimated 182 million people are expected to shop during the five-day Thanksgiving Day weekend, according to the National Retail Federation. That would be 15.7 million more people than shopped last year – both in-store and online – from Thanksgiving Day through Cyber Monday, the trade association reported in a …

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Inland Empire tough market for renters

Bank Handing Customer Cash

The Inland Empire is among the least affordable markets in the United States for single-family rentals, according to data released this week. The median monthly rent in the Riverside-San Bernardino-Ontario market was $3,250, the sixth-most expensive market in the country, Irvine-based CoreLogic reported. California markets made up the top five: …

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State, Inland housing affordability declines

U.S. home prices record annual decline

Only 15 percent of all households in California could afford a median-priced home – $843,600 – during the third quarter of this year, according to data released Friday. That represented a 16 percent drop from the second quarter and an 18 percent decline year-over-year, the California Association of Realtors reported. …

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Some Inland business owners are still fretting over inflation

Inflation Chart

Inland Empire business owners have many concerns about their companies’ immediate future, but one potential problem stands out above all others. Inflation. The Inland Empire Center for Entrepreneurship at Cal State San Bernardino interviewed 673 business owners earlier this year and asked them what their “greatest concern” was regarding their businesses …

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Inland manufacturing slips slightly

Manufacturing in Inland Empire

Inland Empire manufacturing experienced a mild setback in October. The region’s purchasing managers index last month 49.6 last month, down from 51.3 in September, according to the Institute of Applied Research and Policy Analysis at Cal State San Bernardino. Though only a slight drop, the decline interrupted five consecutive months …

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