Economy

A study by CBRE Group Inc. has confirmed what anyone familiar with the Inland Empire industrial market probably already knew: the growth of e-commerce warehouse-distribution centers has fueled an unprecedented rate of development in the region. Development in the 12 largest inland-port markets in the United Sates is growing at …

California recorded a 5.4 percent unemployment rate in June, up 0.2 percent compared with May but down from 6.2 percent year-over-year, the state Employment Development Department reported Friday. The increase came despite the fact that California employers in the public and private sector – not counting agriculture – added 40,300 …

U.S. businesses added 287,000 jobs in June, more than making up for the economy’s weak performance in May, the U.S Bureau of Labor Statistics reported Friday. That was well above the 175,000 jobs that were expected to be added to public and private-sector payrolls last month, according to a report …

Manufacturing in the Inland Empire held its own last month, according to data released Friday. The region’s purchasing manager’s index was 54.4 in June, virtually unchanged from the 55.0 recorded in May, Cal State San Bernardino’s Institute of Applied Research and Policy Analysis reported in its monthly manufacturing study. This …

It’s getting more expensive to rent an apartment in the Inland Empire, although that’s not necessarily a bad thing. Rental rates were up 7.9 percent in Riverside and San Bernardino counties compared with June 2015, according to the latest edition of Matrix Monthly, which is published by Yardi Systems Inc. …

Southern Californians are expected to get out of town – by road, air or sea – in big numbers this Fourth of July weekend. A little more than three million Southern California residents are expected to take an Independence Day vacation this year, be a 1.3 percent increase compared with …