Economy

The Federal Reserve’s decision to raise interest rates is likely to have little impact on the Inland Empire economy, according to several local economists. The increase, which was announced Wednesday, had been long anticipated. It lifts the Fed’s benchmark rate to a range of 0.5 percent to 0.75 percent, still …

An estimated 2.7 million renters in the United States were evicted from their residences last year, according to data released Monday. That number could be low because there is no national database on evictions. Also, the U.S Census Bureau doesn’t track eviction-related data, although it’s scheduled to begin doing so …

The U.S. economy added 178,000 jobs in November and the unemployment rate fell to 4.6 percent, according data released Friday. That was a drop of 0.3 percent compared with October and the lowest national unemployment rate since August 2007, the U.S. Department of Labor reported. The national unemployment rate has …

For the second month in a row, Inland Empire manufacturing moved in the wrong direction. The region’s purchasing managers index in November was 45.3, well below the 50 benchmark that determines whether manufacturing is growing or contracting, according to data released this week by the Institute of Applied Research and …

The Inland Empire’s unemployment rate was flat in October. Riverside and San Bernardino counties registered a 6.1 percent jobless rate last month, down from 6.2 in September, according to the state Employment Development Department’s monthly jobs report, which was released Friday. That figure was essentially unchanged from October 2015, when …

The Inland Empire economy grew by 2.2 percent during the third quarter, more than double its growth rate compared with the previous quarter. Government hiring accounted for approximately half of the jobs created in Riverside and San Bernardino counties during the third quarter, making it the largest contributor to the …