Economy

The Inland Empire is at an economic crossroads. That’s the conclusion of State of Workers in the Inland Empire 2025, a report released this month by the Inland Empire Labor and Community Center at UC Riverside. While the study has some positive things to say about the Inland economy, its …

The Inland Empire recorded 4.8 percent unemployment in May, essentially unchanged from the revised 4.9 percent of the previous month, according to data released June 20. California’s unemployment rate was 4.9 percent last during the fifth month of the year, while the nation recorded a four percent jobless rate during …

Retail sales nationwide continued to grow in May, despite consumers apparently slowing their stockpiling of goods in anticipation of tariffs, according to the National Retail Federation. Sales last month were up 0.49 percent month-over-month and 4.4 percent year-over-year, compared with increases of 0.72 percent and 6.7 percent, respectively, in April, …

Inland Empire manufacturing continued to expand in May, posting solid production and employment numbers despite concerns about the economy. The region’s purchasing managers index last month was 65, up from 63.5 in April and above the national index of 48.5, according to the Institute of Applied Research and Policy Analysis at …

Father’s Day spending is expected to reach a record $24 billion this year, according to the National Retail Federation. That’s up from $22.4 billion last year, and it tops the previous record of $22.9 billion, the Washington, D.C.-based trade association reported. Nearly half of consumers (48 percent) say they plan …

The Inland Empire posted a 4.9 percent unemployment rate in April, essentially unchanged from the previous month, but above the 4.6 percent recorded exactly one year earlier, according to a report. That compares with a five percent for California and 3.9 percent for the nation during the same period, the …