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 …
Read More »U.S. Adds Jobs
The U.S. economy added 161,000 jobs in October, not a spectacular number but still a sign that the labor market continues to gain strength. Wage growth also rose, and the nation’s unemployment rate dropped to 4.9 percent from 5 percent in September, according to data released Friday by the U.S. …
Read More »Retail industry expects to have a good Christmas this year
Experts are predicting sales to be up more than three percent compared with 2015, which is considered good but not outstanding. More disposable income and a stronger economy, along with the end of the election season, means things could turn out better than expected. It’s becoming a familiar theme this …
Read More »State Adds Jobs
California’s economy added about 30,000 jobs last month, although the state’s unemployment rate remained at 5.5 percent, according to data released Friday. That was reportedly the eighth consecutive month that California employers added more people than they let go, a positive sign for the state’s economy, the Employment Development Department …
Read More »Inland Empire economic forecast healthy but residents, workers remain anxious
The message from Wednesday’s Southern California Economic Forecast remained consistent: The Inland Empire is doing well. But, in the words of Manfred Keil, Ph.D., associate professor of economics at Claremont McKenna College, speaking on the regional economy, “… you don’t feel well because there are things that need to get …
Read More »Corona Receives Economic Award
Corona has received a Bronze Excellence in Economic Development Award from the International Economic Development Council. The city was recognized for its business retention and expansion programs, according to a statement. The award, which recognizes programs that have been in place for at least three years, was presented Sept. 27 …
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